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 1st of January to allow for increases in the cost of living. For the year 2018, the PEA as of 1st of January is set to $364.88 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 published a revised position statement on My Oracle Support, Document ID 2219948.1. We encourage our customers to review the latest Statement to keep up to date.