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.
Details
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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