Q: Just reiterating, cash up must be entitled leave and not accrued leave that can be taken after the first anniversary has passed, even if you have been employed nearly 2 years but only have accrued leave?
A: Yes, only entitlement. You cannot cash out the accrual (8%) as that would be paid as you go (Section 28).
28A Employee may request portion of annual holidays be paid out
(1) An employee may request that his or her employer pay out a portion of the employee’s entitlement to annual holidays.
(1) An employee may request that his or her employer pay out a portion of the employee’s entitlement to annual holidays.