Am I being taxed on this?
Yes, the gross amount is subject to applicable taxation under the relevant taxation laws. The University is required to withhold the required tax amount and remit tax on your behalf to the ATO. The payroll team has carefully reviewed this and applied the relevant taxation rate.
The back pay appears to be for work undertaken in prior financial years. Will I be penalised by receiving the lump sum payment in this financial year?
The ATO has clear guidance for employers on how to manage this and it depends on the amount of your payment and the period for which it applies.
Please contact our Access HR team via email: firstname.lastname@example.org or the ATO for further information.