The ATO has released an updated Business Implementation Guide to reflect the removal of the $1,200 threshold for Lump Sum E reporting. Currently, Lump Sum E applies when back pay is owed for a period exceeding 12 months and the total amount at the end of the year exceeds $1,200. Starting 1 July 2025, the $1,200 threshold will be removed, what this means is that any amount that relates to more than 12 months prior will need to be reported as Lump Sum E, regardless of the amount.
The Position Statement has been revised to include more details about these legislative updates and the patch availability. We encourage our customers to review the position statement regularly to stay updated. The Position Statement can be found on My Oracle Support, Doc ID 2973834.1.