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.