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Oracle HRMS (AU) 'RetroPay Bonuses and Commissions' Frequently Asked Questions (FAQ) (Doc ID 1439168.1)

Last updated on DECEMBER 09, 2022

Applies to:

Oracle HRMS (Australia) - Version 11.5.10.2 and later
Oracle Payroll - Version 11.5.10.2 and later
Information in this document applies to any platform.

Goal

  Purpose of this Frequently Asked Question Documents (FAQ) is to provide information on the Retro Pay Bonuses and Commissions changes effective 1 Jul 2012.

 

Solution

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In this Document
Goal
Solution
 <Internal_Only>Is there a Technical Brief on the new functionality?
 What is the main Tax office reference regarding this legislative change?
 What is the commencement date for new elements and formula results for Bonus and Commissions.
 What method of calculation does Oracle use for for back payments, commissions, bonuses and similar payments?
 For retropay by element should 'Additional Tax Deduction' be in the retro element set
 Are there examples of Tax Calculation For Additional Payments Scenarios
 How to setup bonus payments that don't have retro
 What is the treatment of bonus or commissions from 1 period?
 Is Oracle considering 'spread' functionality in relation to bonus payments?
 For some employees tax on bonus payment calculation is coming more than 46.5%?
References

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