Premium guideline: Royalty payments and residual payments

The difference between royalty payments and residual payments or repeat fees, and whether they are rateable remuneration.

Shape
 
Published: 01 Jan 2017
 
File type: PDF
 
File size: 32.52 kB
 
Length: 2 pages
 
Reading level: Difficult

What it contains

Rateable remuneration is payment made to a worker that is subject to a premium. It's not always obvious what is and is not rateable remuneration.

Generally, a royalty fee is not rateable remuneration, but a residual payment is. However, there are exceptions (outlined in the document). This difference is often relevant in WorkSafe legislation.