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Effective July 1, 2025 for Payroll Australia: Changes for Lump Sum E Reporting

in PeopleSoft Announcements

The ATO has released an updated Business Implementation Guide to reflect the removal of the $1,200 threshold for Lump Sum E reporting.

Currently, Lump Sum E applies when back pay is owed for a period exceeding 12 months and the total amount at the end of the year exceeds $1,200.

Starting 1 July 2025, the $1,200 threshold will be removed, what this means is that any amount that relates to more than 12 months prior will need to be reported as Lump Sum E, regardless of the amount.

Get more details from this blog article "Legislative Update for PeopleSoft HCM Global Payroll Australia - Lump Sum Reporting Changes" https://bit.ly/4juHFqJ

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