This version of
Lewis PAY-PACK was sent to customers from September to December 2007.
Employment Termination Payments
These are lump sums
paid on termination for various reasons such as:
From 1 July 2007 these are called Employment Termination Payments.
Previously they were called Eligible
Termination Payments, so the same acronym ETP is used. In most cases
the treatment and taxation is the same.
However the tax increases sharply for payments over $140,000, but there
are some exceptions for payments subject to agreements before the legislation
was introduced. These exceptions are
extremely rare, but it is necessary that the ATO knows for every ETP whether it
is one of transitional cases, hence the need for some new questions.
- Payment in lieu of notice, except for
- Unused Sick Leave.
- Unused Rostered Day Off Payments.
- Golden Handshakes.
- Any amount over the Type D limit when a
PAY-PACK 8.2 caters for the new ETPs. The
ETP Lump Sum screen in a Termination Pay asks questions needed by the
ATO. The ETP Payment Summary prints out these questions and
PAY-PACK now has a screen devoted to
various numbers used for calculation of tax on lump sums and other
aspects. Some of these amounts and rates
change every year, others only change occasionally. PAY-PACK starts with the values for the year
ending 30 June
Amended Payment Summaries
Suppose you have
printed the Payment Summaries, and distributed them to the payees. One of the payees queries the Payment
Summary, and you realize something has gone wrong. It could be a pay run was entered twice, or
maybe salary sacrifice was set up wrongly, or any other number of causes. After making the correction to the payee(s) concerned:
- you can reprint the Payment Summaries with a note that this is an Amended Payment Summary.
- send another file to the ATO, and PAY-PACK will record an indicator that this is an amendment to data already sent.
The file for ATO
For the data on the
EMPDUPE file that you send to the ATO there is a different format for the year
commencing 1 July 2007. This
is because of the changes to ETPs plus the Amended Payment Summaries.
The ATO’s numbering
system has this version as 8.0, whereas the previous version up to 30 June
2007 was their version
7.4. It is just a coincidence that these
numbers are similar to PAY-PACK’s version numbers.
8.20 onwards produces a file with ATO format 8.0 for the year ending 30 June
2008 onwards. If you use PAY-PACK version 8.20 to produce
the file for the year ending 30 June 2007 or earlier, PAY-PACK will write it with ATO
format 7.4. Please note that PAY-PACK
version 8.1 series produces the file with ATO format 7.4, and we understand
that the ATO will not accept this for years ending 30 June 2008 and later.
The Monthly Report for Super Funds lists
all contributions for that fund for the month.
With PAY-PACK version 8.2 it also shows the sex of the employee and the employee’s Tax File Number. This extra
information is included when you print or display the report, and also when you
You can choose to change the wording on print-outs from Sick Leave to Personal Leave.
Importa-Pay can now
import all types of leave. Since version
8.0 we have been able to import sick and unpaid leave. RDO hours are imported as hourly rates with
grouping R. You can now import
Holiday Leave, Other Leave, Long Service Leave or Extra Leave (if the latter is