1. STUDENT LOANS - The repayment threshold remains at $19,084.00 per annum. 

Where an employee has a SLCIR or SLBOR deduction, an additional line for each deduction is required on the EMS (IR348 file). These additional records must follow the employment income detail line for the employee. This is already in place for those using Datacom generated files.

2. ACC EARNER LEVY - The ACC Earner levy will be decreased to 1.45% for all pay periods ending on or after the 1st of April.

However the following changes will be made:

•             The income threshold will be increased to $118,191.00

•             The maximum levy will be increased to $1,713.76

3. TAX CODE CHANGE - Where a tax code has a flat rate, gross taxable earnings for the pay period should be truncated to whole dollars.

EXAMPLE: If an employee earns $100.36 in the pay period, the tax will be calculated on $100.00.

Note the tax rates have not changed.

TAX CODES AND TAX PERCENTAGES

NSW (recognised seasonal worker)

11.95%

EDW (election day worker)

18.95%

CAE (casual agricultural worker)

18.95%

ND (non-declaration)

46.45%

SB & SB SL

11.95%

S & SL

18.95%

SH & SH SL

31.45%

ST & ST SL

34.45%

 

4. NEW MINIMUM WAGE RATES – The adult minimum wage rate will increase to $14.25 (before tax) an hour. The Starting-out wage and training minimum wage will also increase to $11.40 (before tax) an hour.

Please note that you will need to inform us to change the rate for the employee concerned as Datacom Payroll does not automatically change the rate.

If you have any queries please do not hesitate to give us a call on 0800 856 856.