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Important Message for Australia Oracle Payroll Customers
Issue with Flood Levy
calculation and Retrospective payments
An issue has been identified in the calculation of the flood levy on retro payments. Currently the flood levy is not being calculated on retro payments from previous financial years. After the application of this patch the flood levy will be calculated on all future retro payments from previous financial years but will not correct retro payments from previous financial years already made. As such, some manual adjustments may be required. Please note that current year retro payments are correct and have had the flood levy calculated correctly. This issue is only with retro payments that were applicable in a previous financial year and paid in this financial
An issue has been identified in the calculation of the flood levy on retro payments. Currently the flood levy is not being calculated on retro payments from previous financial years. After the application of this patch the flood levy will be calculated on all future retro payments from previous financial years but will not correct retro payments from previous financial years already made. As such, some manual adjustments may be required. Please note that current year retro payments are correct and have had the flood levy calculated correctly. This issue is only with retro payments that were applicable in a previous financial year and paid in this financial
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