Concept: Statutory Compliance (AUS)
PAYG
Workday Payroll for Australia supports employer statutory obligations by performing these tax calculations.
- Tax
- Support for payment of tax includes:
- Calculation of taxable earnings.
- Calculation of PAYG Withholding
- To calculate a worker's tax deduction amount for a pay period, Workday determines the worker's:
- Tax scale to be applied based on the workers tax details (TFN declaration)
- Taxable pay Year to Date (YTD) for cumulative tax calculations.
Superannuation
Workday Payroll for Australia supports superannuation, enabling you to:
- Record a worker's superannuation fund choice.
- Pay superannuation to workers without a recorded fund choice, using a default fund.
- Calculate the amount of superannuation guarantee and voluntary superannuation to pay to a worker.
- Define superannuation eligibility for your organization.
Single Touch Payroll
Workday Payroll for Australia supports Phase 2 of Single Touch Payroll:
- Disaggregation of gross.
- Tax File Number declarations.
- Employment and payment types
- Reporting of superannuation liability and salary sacrifice.
- Reporting of child support deductions.
Verification of Legal Obligations
Workday Payroll for Australia is designed to assist you generally in the deduction of taxes and other amounts, and the payment of statutory elements required by law. However, you should independently verify your statutory obligations required by the ATO and other bodies.