AU: ETP Tax Calculation Should Not Include The Medicare Levy
Last updated on FEBRUARY 01, 2018
Applies to:Oracle HRMS (Australia) - Version 12.2.5 and later
Information in this document applies to any platform.
On : 12.2.5 version, Australian Payroll
We have identified an issue with the AU_ETP_TAX_CALCULATION formula where it is still including the medicare_levy of 2%
l_etp_tax_excluded = etp_excluded_run * (ETP_DEATH_NO_TFN + MEDICARE_LEVY)
It needs to be changed to
l_etp_tax_excluded = etp_excluded_run * ETP_DEATH_NO_TFN
The old rules stated 49% (all the way at the bottom of the page)
The new rules state 47% (all the way at the bottom of the page)
As an aside, there’s a global value called “MEDICARE_LEVY” that’s set at 2%
Calculation should not include the medicare levy.
The issue can be reproduced at will with the following steps:
1.Login to AU HRMS Super User
2. Process a termination for an employee:
Death Benefit Type is Non-Dependent; pay ETPs over $200,000.
2. Check the SOE
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms