Leave Trade turns accrued annual leave into a priced, ring-fenced credit facility — a card your people can actually spend, paid back from leave they were never going to take anyway.
Sarah's 90 accrued days are worth $51,923 — at her current $150k salary, not the $65k she started on. She can keep it banked, prepay her bills at a discount, or use the card. The Fair Work 4-week minimum is always protected.
Henderson's leave provision was set to grow to $2.67M this year as salaries rerated. With Leave Trade, it sits at $2.34M — a $327k haircut on the projected path, with 842 days of provisioned leave converted into spendable balance for staff.
Repayment is plumbed into payroll. Employer guarantees the facility. 70% LVR per employee, $70k cap. Average tenor 11 months, zero arrears, zero losses to date. A genuinely new asset — not unsecured cards in a wrapper.
Click through the flow as if you're Sarah Chen at Henderson Legal — 90 days accrued, $51,923 of latent value, a card with $28,269 ready to spend, and three goals she's quietly working towards.
People Ops sees who's enrolled, how much accrued leave has been converted, and the exact effect on the AASB 119 number — alongside the workforce wellbeing signals that prove this is more than a finance lever.
70% LVR against a known, stable asset on the employer's balance sheet. Sub-6.0% NIM with zero arrears across the existing book — at a tenor that recycles every 11 months on average. Stress it yourself.
No new payroll plumbing for the lender, no migration project for the employer. Leave Trade reads the ledger, writes the journals, and reconciles into existing systems — quietly.
No new payroll plumbing. No new accounting categories. The accrued-leave value stays on the employer's books — a priced facility wraps it, with the lender on the other side.
Read-only feed from Xero, Employment Hero, Workday — pulls accrued days per employee. Provision figure stays where it always sat. The 4-week Fair Work minimum is always ring-fenced.
Sarah opens the app and sees $51,923 accrued, $28,269 spendable on a Visa card. She prepays AGL with a 15% discount. She tracks the Bali trip. She uses leave-as-cash, not as a hunched-over guilt asset.
Drawdowns settle T+1 to the merchant. Repayment plumbed into payroll — drawn balance reduces by the value of leave each pay cycle. The capital cycles every 11 months on average. Zero arrears.