Features of Australia and New Zealand Payroll Processing

To correctly update payroll records for employees in Australia and New Zealand, you must process those employees through a complete payroll cycle. Though the steps of the payroll cycle are the same for all supported countries, you can use additional steps, features, and procedures to process country-specific information for employees in Australia and New Zealand. This table describes these processes:

Country-Specific Process	Description
Processing Payments	The system supplies country-specific payment programs, which create payment information that meets the requirements of organizations in Australia and New Zealand. The system also provides programs that enable you to record reference data and trading bank information, which is used specifically in New Zealand payment processing. Additionally, if the organization pays employees in cash, you can set up coinage analysis information.
Tax Information	The system provides several programs for you to set up tax information so that all earnings are calculated according to the rules of the government taxing authorities under which the employees work. The system also provides reports to review tax setup.
Employee Leave	The system provides programs and reports that enable you to meet the leave requirements of the organization. You can: Meet the requirements of the New Zealand Holiday Act. Process Time Off In Lieu (TOIL). Process Rostered Days Off (RDO) Leave. Process Long Service Leave (LSL) Rollovers. Use Leave Loading.
Superannuation Contributions	The system provides two methods for managing superannuation contributions. You can enter superannuation funds into the system, assign allocation percentages to each fund for each eligible employee, and automatically create superannuation payments during payroll processing. Alternatively, you can calculate superannuation contribution amounts during the payroll cycle and enter payments manually at the time the organization makes payment to the fund administrator. Whichever method you select, the system enables you to track and report superannuation data to comply with superannuation legislation, which is regulated by the Australian Tax Office (ATO).
Termination	The system provides programs that facilitate the complex tax calculations that are involved with employee terminations in Australia.
Governmental Tax Reporting	The system enables you to generate reports and files that are necessary to report year-end tax information to the Australian and New Zealand governments.