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Announcement - AU Statutory patch released
The Australia Statutory updates effective from 1 July 2020 is now available.
Patch Information
Release 12.1 - Patch 31431037:R12.PAY.B
Release 12.2 - Patch 31431037:R12.PAY.C
Please be sure to carefully read all the readme's before beginning to install this patch, to ensure successful processing.
Patch Contents
This patch delivers the following Australia statutory changes effective from July 2020:
- Update to Study and Training Support Loans (STSL) tax.
- Increase in ETP Cap amount.
- Increase of the maximum contribution base per year for superannuation contributions for SGC.
- Increase in the Lump Sum D for Bona Fide Redundancy & Approved Early Retirement Scheme payments tax-free amount.