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Legislative Update for PeopleSoft HCM Global Payroll Australia

Paul Smit
Director Product Management
The minimum amount to be reported at ‘Lump sum E’ in payment summaries will increase from $400 to $1,200 from 1 July 2015. Payees with a substantial lump sum E amount reported on their payment summary may be entitled to a tax offset. In order to ensure compliance with these legislative initiatives Oracle has published an updated position statement on My Oracle Support, Document ID 1985727.1. We encourage our customers to review the latest Statement to keep up to date.

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