Thursday Mar 06, 2014

Legislative Update for PeopleSoft HCM Global Payroll Australia

Superannuation data and e-commerce standards

The new SuperStream and e-commerce standard which is due to go live from July this year for medium and large employers has seen a newer release of its Standard. The ATO released its version 1.2 with minimal changes in December 2013 and further was expected to release its final version by February 2014, which is still awaited. Oracle had initially published its position on this legislative feature in July 2013 and update to this is now available on My Oracle Support, Document ID 1632138.1.

Thursday Oct 03, 2013

Legislative Update for PeopleSoft Global Payroll Australia

Payment Summary Changes for 2013 - 2014

The Australian Government recently released changes to the Electronic Payment Summary Specifications. The changes largely focused on restructuring sentences, changing words and certain terms for better understanding and keeping the intent/information unchanged. Apart from such aesthetic changes we also observed changes that clearly specify the reason for Employment Termination Payment and these changes were delivered by Oracle in the previous financial year. Our position statement has been revised to include these updates.

Workplace Gender Equality (WGE) Act

The Workplace Gender Equality Agency (an Australian Government statutory agency) has announced achieving gender equality is important for workplaces not only because it is ‘fair’ and ‘the right thing to do’, it is also vitally important to the bottom line of a business and to the productivity of Australia. Employers are required to lodge a report comprising a workplace profile in the same format as under the Equal Opportunity for Women in the Workplace Act 1999 (EOWW Act), with no salary data required. This Agency works with employers to help them comply with the new reporting requirements under the Workplace Gender Equality Act 2012. This report is obligated as mandatory for relevant employers from July 2014. Our position statement contains more information and is made available on My Oracle Support, Document ID 1532030.1”.

Tuesday May 28, 2013

Legislative Updates for PeopleSoft Global Payroll Australia

Legislative Updates for PeopleSoft Global Payroll Australia Fiscal Year Begin Changes As part of the Federal Budget which was announced during 12th of May 2013, there were numerous amendments to Taxation Administration Act 1953. ATO has started releasing tax updates starting May 20th 2013. These releases would continue till mid of June 2013. Let the Oracle/PeopleSoft team help reduce the stress and anxiety of these changing times by staying informed. So keep watching My Oracle Support, Document ID 1532030.1 for details of what is changing as well as targeted delivery dates.

Wednesday Feb 27, 2013

Legislative Updates for PeopleSoft Global Payroll Australia

Changes in Taxation of Back Payments, Commissions, Bonuses and Similar Payments

The ATO (Australian Tax Office) has issued amendments to the taxation rules on Additional Payments made in the form of back payments, commissions, bonuses and similar payments (Including lump sum payments in arrears) effective from 1st July, 2013.The amendment necessitates changes in calculation arising out of revised definitions of certain key components and treatment of various Additional Payments.

Our Position Statement has been revised to include these legislative updates and the delivery timelines for the respective changes. We advise customers to review the position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 1532030.1.”

Tuesday Nov 13, 2012

Legislative Changes for PeopleSoft Global Payroll Australia

The Australian Taxation Office has published the changes to PAGW Payment Summary Layouts which will be used  for the 2012-13 financial year onwards.

Additionally there was an update to Child Support Protected Earnings Amount.  Our  Position Statement has been revised to include details on these legislative changes, including the delivery timelines for these changes.  

We advise customers to review the position statement to keep up-to-date. Position Statement can be found on  My Oracle Support, Document ID 1331059.1.

Wednesday Sep 12, 2012

Global Payroll Australia Legislative Update - Electronic Payment Summary

Electronic Payment Summary Annual Report 

Australian Taxation Office has published Final Specification of Electronic Payment Summary reporting specification which would be used 2012-13 financial year onwards. Position Statement has been revised to include this legislative update and the deliverable timelines for the respective change. We advise customers to review the position statement to keep up-to-date. Position Statement can be found on  My Oracle Support,  Document ID 1331059.1.

Monday Aug 06, 2012

Global Payroll Australia Legislative Update on ETP

An update to ETP Changes effective 1st of July 2012

Australian Taxation Office has published draft copies of the ETP Payment Summary Paper Form, ETP Tax Table & draft Electronic reporting specification for the ETP payment summary. Position Statement has been revised to include this legislative update and the deliverable timelines for the respective change. We advise customers to review the position statement to keep up-to-date. Position Statement can be found on   My Oracle Support  Document ID 1331059.1.

Wednesday Jul 18, 2012

Keeping up to date with legislative changes for PeopleSoft Global Payroll Australia

New South Wales Payroll Tax Changes

This has reference to amendments to the Payroll Tax Act 2007 and Tax Administration Act announced by the Government. From 1 July 2012, the New South Wales payroll tax annual threshold has been increased. Position Statement has been revised to include this legislative update.

Queensland Payroll Tax Changes

This has reference to amendments to the Payroll Tax Act 1971 and Tax Administration Act announced by the Government. From 1 July 2012, the Queensland payroll tax annual threshold has been increased. Position Statement has been revised to include this legislative update.

We advise customers to review the position statement to keep up-to-date. Position Statement can be found on  My Oracle Support, Document ID 1331059.1.

Tuesday Jun 26, 2012

Global Payroll Australia - Employment Termination Payment

“ Employment Termination Payments

The Tax Laws Amendment (2012 Measures No. 3) Bill 2012, which includes the 'Employment Termination Payment' tax offset measure, received Royal assent on 21 June.

The ATO will publish draft copies of the ETP Payment Summary Paper Form, ETP Tax Table and the Electronic reporting specification for the ETP payment summary during last week of June. The draft copies so released would be finalised sooner. Resolution target dates will be announced once the final specification is released. We advise customers to review the position statement to keep up-to-date. Position Statement can be found on My Oracle Support, Document ID 1331059.1.”

 

Tuesday May 29, 2012

Keeping up to date with legislative changes for PeopleSoft Global Payroll Australia

April  2012 The latest legislative changes for Global Payroll Australia can be found on  My Oracle Support, Document ID 1331059.1.  The new legislation covers the Fringe Benefit Tax Benchmark Interest Rate.   

Thursday Sep 15, 2011

Keeping up to date with PeopleSoft Global Payroll Australia legislative changes

The Temporary Flood and Cyclone Reconstruction levy (flood levy) will now apply to individuals for the 2011-2012 year. Tax Laws Amendment Bill 2011 was tabled in parliament in February 2011 and received royal assent in April 2011. The tax tables, however, were released last week in May 2011. To find out  the details of what is changing in Global Payroll Australia as well as targeted delivery dates, please visit the Knowledge Center on Support.Oracle.com.

  • Click on the Knowledge tab.
  • Simply type in keywords ‘Global Payroll Australia Position’.

If further amendments are made, we will revise the document accordingly.

Let the Oracle/PeopleSoft team help reduce the stress and anxiety of these changing times by staying informed. PeopleSoft is working hard to get you the information you need. The information is just a few clicks away.

About

This blog is dedicated to topics focused on legislative updates to PeopleSoft Applications including Human Capital Management and Financials.

For other useful information about PeopleSoft Applications see the PeopleSoft Applications Strategy Blog.

For information about PeopleTools see the PeopleSoft Technology Blog.

Search

Archives
« April 2014
SunMonTueWedThuFriSat
  
1
2
3
4
5
6
7
8
9
10
11
12
13
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
   
       
Today