GPAUS: Global Payroll Australia Legislative Changes for Tax Year 2022-2023
(Doc ID 2850907.1)
Last updated on APRIL 14, 2022
Applies to:
PeopleSoft Enterprise HCM Global Payroll Australia - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
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The intent of this document is to describe solutions for problems or questions related to Global Payroll Australia Legislative Changes for Tax Year 2022-2023. This solution applies to customers on PeopleSoft Release 9.2. This is a living document and will be updated as new solutions are created; please review thoroughly on a regular basis.
Please see table below for details.
Legislative Change | Effective Date | Additional Info | P1 Patch Fix Target Date | Targeted into PUM Image/Patchset |
MONTHLY THRESHOLD($450)FOR SUPERANNUATION GUARANTEE IS REMOVED EFF 1ST JULY 22. | 1st July 2022 | Currently, among other parameters, an employee is entitled to superannuation guarantee contributions from an employer if they are paid $450 or more (before tax) in a month. From 1st July 2022 the $450 threshold limit for superannuation guarantee will be removed. Employees who earn less than $450 per month will also be eligible for superannuation guarantee contribution by their employer. |
<Bug 33881282> |
PRP 235417 / <Bug 33881282> has been posted. https://support.oracle.com/epmos/faces/PatchResultsNDetails?releaseId=27001300090200&requestId=24732479&patchId=33881282&languageId=0&platformId=2000 |
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