Annual leave and long service leave arrangements (secure section)

The 2008 long service leave model is available for use by Victorian public sector departments and agencies. Use of the 2008 model is recommended, but not mandatory, from 1 July 2008.

The objective of the 2008 long service leave (LSL) model is to provide an estimation, based on nominal leave amounts from the personnel system, of the LSL liability to be recognised in the financial statements. This model provides estimation at financial year end, and can also be updated at quarterly intervals.

The 2008 model also generates estimates of associated on-cost and provides index factors that can be used to allocate LSL liability to cost centres. In addition, the LSL model enables adjustments to employee numbers to allow for the impact of machinery of government or other administrative changes.

A single weighted average discount rate, which the 2008 LSL model requires, was originally issued for use with this LSL model on 1 July 2008 and is updated quarterly.

User documentation for 2008 model

User documentation has been written to assist users in understanding and navigating through the 2008 LSL model, and consists of:

2004 long service leave model

DTF no longer supports the maintenance of the 2004 long service leave model (the 2004 model). It is recommended that departments and entities transition to the 2008 model or an alternative by 30 June 2016.

The 2004 model requires the use of 12 year discount rates to calculate long service leave entitlements, which are issued quarterly by DTF (see wage inflation and discount rates). There are two versions of the 2004 model:

  • 2004 model 1: to calculate long service leave for employees vesting long service leave after seven years of continuous service. 
  • 2004 model 2: to calculate long service leave for employees vesting long service leave after ten years of continuous service (expected to apply to Executive Officers and some VPS staff not under the Agreement). 


Reviewed 08/03/2018
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