MYOB AO Classic release notes—22.0.1 (New Zealand)

11 March 2020

MYOB Payroll

This release contains compliance updates for the 2020–2021 financial year.

Tax updates

ACC rates and thresholds

The following changes to ACC come into effect on 1 April 2020:

ACC	Amount
ACC earner levy rate	1.39%
ACC income maximum	$130,911.00
Maximum ACC earner levy	$1,819.66

Student loan thresholds

We've updated the student loan thresholds for the 2020–2021 financial year. The new thresholds are:

Frequency	Amount
Annual	$20,020.00
Monthly	$1,668.33
4-weekly	$1,540.00
Fortnightly	$770.00
Weekly	$385.00

ESCT calculation change

We've updated the calculation logic for determining ESCT rates in the case of employees who have been with an employer for less than 12 months, and whose ESCT rate % is set to "Calculated". The calculation is now based on the employee's estimated income using their expected current year s earnings. Once the ESCT rate has been determined, that rate will be kept for the rest of the financial year.

New bank support

MYOB Payroll now supports the China Construction Bank for employees' banks.

Use of payment date

MYOB Payroll now uses the Payment Date, rather than the Pay Period End Date, to determine the financial year to use for tax rates and thresholds.

For example, if a pay period end date is 30/03/2020 and its payment date is 01/04/2020, the system will apply the tax rates and threshold for the 2020–2021 financial year. The Payment Date is now displayed in the footer of the main window:

When the Pay Period End Date is edited, the Payment Date is updated automatically to match the end date.

If the Payment Date is empty, it defaults to the Pay Period End Date.

New Payment Date Warnings

New warning messages appear in the following situations:

When entering a Payment Date in the main window footer, if the Payment Date is not in the current financial year.
When finalising a pay, if the Payment Date is not in the current PAYE period.

In both cases, you are given the option of correcting the problem before proceeding.

To make it clearer which year/period you are currently in, the current PAYE period is now displayed on the Enter Pays screen and the current PAYE year is now displayed on the Finalise Pay window:

Resolved issues

The STC SL tax code was recorded in Employee Information returns as "STC SL" when it should be "STC".
When performing a timesheet import, transactions with a date in 2020 were imported with the date as 1920.

Check your version numbers

Start MYOB AO Classic.
Select Help > About.
Check that the MYOB AO Classic version is 22.0.1.
Press CTRL+R.
Check that the MYOB AO Payroll build is 2020.1.1100.