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GPAUS: Global Payroll Australia Legislative Changes for Tax Year 2016-2017 (Doc ID 2144132.1)

Last updated on FEBRUARY 04, 2019

Applies to:

PeopleSoft Enterprise HCM Global Payroll Australia - Version 9.1 and later
Information in this document applies to any platform.

Details

 The intent of this document is to describe solutions for problems or questions related to Global Payroll Australia Legislative Changes for Tax Year 2016-2017. This solution applies to customers on PeopleSoft Release {9.1 & 9.2}. This is a living document and will be updated as new solutions are created; please review thoroughly on a regular basis.

(Last updated Sep 22nd 2016) Summary Table - see below for details:

 Please see table below for details.

Legislative Change Effective Date Additional Info P1 Patch Fix Target Date Targeted into PUM Image/Patchset
HIGHER EDUCATION LOAN PROGRAM 1 July 2016 New HELP rates and thresholds Release 9.2: Patch 23318019

Release 9.1: Patch 23318012

HCM 9.2.018, ETA July 15, 2016

GP 9.1 Update 2016-C, ETA July 22,2016

STUDENT FINANCIAL SUPPLEMENT SCHEME 1 July 2016 New SFSS rates and thresholds Release 9.2: Patch 23319265

Release 9.1: Patch 23318012

HCM 9.2.018, ETA July 15, 2016

GP 9.1 Update 2016-C, ETA July 22,2016

SUPERANNUATION CHANGES 1 July 2016

Maximum Superannuation Contribution Base

Superannuation Guarantee Percentage

Release 9.2: Patch 23319285

Release 9.1: Patch 23318012

HCM 9.2.018, ETA July 15, 2016

GP 9.1 Update 2016-C, ETA July 22,2016

EMPLOYMENT TERMINATION PAYMENT CHANGES 1 July 2016

Tax free limit for bonafide redundancy and approved early retirement schemes for 2016 – 17 income year is $9,936 plus $4,969 for each year of completed service.

The ETP cap amount is indexed annually and the amount for 2016 - 17 income year is $1, 95,000.

Release 9.2: Patch 23319323

Release 9.1: Patch 23318012

HCM 9.2.018, ETA July 15, 2016

GP 9.1 Update 2016-C, ETA July 22,2016

FRINGE BENEFIT TAX  

The FBT rate for the year ending 31st March 2017 would be 49%.

This rate remains the same as that which had applied for the previous FBT year commencing on 1st of April 2015.

Release 9.2: Patch 23051878

Release 9.1: Patch 23051861

HCM 9.2.018, ETA July 15, 2016

GP 9.1 Update 2016-C, ETA July 22,2016

PSSap CSV & XBRL Report  Oct 2016

Commonwealth Superannuation Corporation (CSC) who manages the Public Sector Superannuation accumulation plan (PSSap) fund published amendments to the SuperStream Alternative File Format (SAFF) data requirement that entities must use to comply with the Superannuation Data and Payment Standards.

Release 9.2: Patch 24510421, 24510445

Release 9.1: Patch 24509784, 24510430

HCM 9.2.019, ETA Oct 07th, 2016

GP 9.1 Update 2016-D, ETA Oct 14th, 2016

AMENDMENTS TO PAYG RATES AND THRESHOLDS Oct 2016

The rates and thresholds for Tax Scales 1 - 6 and PAYG
rates and thresholds for Sr. Australians in Component: GPAU_TAX_SCALES

Release 9.2: 24602269


Release 9.1: 24602258

HCM 9.2.019, ETA Oct 07th, 2016

GP 9.1 Update 2016-D, ETA Oct 14th, 2016

CHANGES FOR STATE PAYROLL TAX RATES & THRESHOLDS EFFECTIVE 1ST OF JULY 2016 1 July 2016 Changes for state payroll tax rates and threshold effective 1st of July 2016

Release 9.2: 24602269

Release 9.1: 24602258

HCM 9.2.019, ETA Oct 07th, 2016

GP 9.1 Update 2016-D, ETA Oct 14th, 2016

To stay up with the legislative changes that will impact your PeopleSoft Application visit https://blogs.oracle.com/psftlegupdates/

Actions

 You need to apply the critical patches / GP Updates whenever their legislative fixes are posted.

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