The Australian Government Department of Human Services has set a minimum amount that must remain in a person’s wage after tax and child support have been deducted. This amount is termed as Protected Earnings Amount (PEA). The PEA is reviewed each year and adjusted on January 1 to allow for increases in the cost of living. For the year 2021, the PEA from January 1 is set to $383.10 weekly. This is the amount that must be set aside for your employee/contractor after tax and child support have been deducted.
In order to ensure compliance with these legislative initiatives Oracle has updated our position statement on My Oracle Support, Document ID 2626371.1
, detailing the requirement and information on solution delivery. We encourage our customers to review the statement regularly to keep up to date.