Answer
Leave valuation depends on the leave type and the employee's pay history. Lightning Payroll uses the employee's current pay, historic earnings, work pattern, and statutory leave settings to calculate the amount shown on the pay.
Annual holidays
Annual holidays are valued using the higher applicable weekly rate, such as ordinary weekly pay or average weekly earnings, then converted to the unit used on the leave row.
Sick leave, bereavement leave, family violence leave, public holidays, and alternative holidays
Under the Holidays Act these should reflect relevant daily pay, or average daily pay where relevant daily pay is not practical. Lightning Payroll defaults the leave row to the employee's hourly rate and does not automatically convert to relevant daily pay or average daily pay, so check the Rate p/hr and override it where the correct daily-pay value differs. The employee's hours per working day and work pattern help convert days and hours consistently.
Historic earnings
Use Employees >> Leave >> Historic Pay to review the imported gross earnings and Lightning Payroll pays used for AWE and OWP checks. Incomplete historic earnings can change the valuation shown on the pay.