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Administrator Guide
上次更新時間 ：2024-03-08
Create Termination Payments (AUS)

Create Termination Payments (AUS)

Security:
Set Up: Payroll (Calculations - Payroll Specific)
 domain in the Core Payroll functional area.
Set up the termination earnings and deductions so that they’re linked to the correct pay component groups.
  1. Access the
    Edit Earning
     task for each earning or deduction that represents ETP or ETP tax.
  2. On the
    Non-Effective Dated
     tab, select the pay component group that matches the earning or deduction.
    Pay Component Group
    Purpose
    AUS Genuine Redundancy and Early Retirement Scheme Payments
    For genuine redundancy and early retirement scheme payments that are to be treated as Lump Sum D if they are below the Lump Sum D limit. Otherwise to be taxed using the ETP cap.
    AUS ETP Excluded Payments (ETP Type R)
    For earnings that are to be treated as ETP excluded payments and reported to the ATO as ETP Type R payments. These payments are subject only to the ETP cap and taxed concessionally up to the cap.
    AUS ETP Non-Excluded Payments (ETP Type O)
    For earnings that are to be treated as ETP non-excluded payments and reported to the ATO as ETP Type O payments. These payments are subject to the lesser of the Whole of Income cap or the ETP cap, and are taxed concessionally up to the cap.
    AUS Taxable Unused Leave Payments at Termination
    For unused leave payment earnings that are taxed at marginal rates and reported to the ATO as Unused Leave Payments.
    AUS Lump Sum A Taxable - Type R
    For earnings that are taxed and reported to the ATO as Lump Sum A - Type R.
    AUS Lump Sum A Taxable - Type T
    For earnings that are taxed and reported to the ATO as Lump Sum A - Type T.
    AUS Lump Sum B Taxable
    For earnings that are taxed and reported to the ATO as Lump Sum B.
    Don't map the termination payment earnings and deductions to the
    AUS PAYG Taxable Wages
     pay component group.
    Manually calculate and enter any earnings that are to be reported to the ATO as Lump Sum D. Workday provides these pay components:
    • AUS Lump Sum D (ETP Tax Free) Payment [AUS]
       - reported in STP as Lump Sum D.
    • AUS ETP Taxable Type R Payment Above Lump Sum D Threshold [AUS]
       - adds to the
      AUS Employment Termination Payment (ETP) Tax for Type R Payments [AUS]
       and shown as part of Type R (S) taxable amount on the STP report.
Create an earning to identify 5% of Lump Sum B payments to add to the
AUS Lump Sum A Taxable - Type R
 or
AUS Lump Sum A Taxable - Type T
, depending on the termination reason.