Adjust MSCB Threshold Configuration (AUS)
Security:
Set Up: Payroll (Superannuation) - AUS
.You can assign alternative Maximum Superannuation Contribution Base (MSCB) limits or MSCB Excess rules to groups of workers using restriction rules within a superannuation configuration period. Workday evaluates a worker against each of the restriction rules in order until there’s a matching rule.
If you leave the grid blank, the legislated MSCB rate from the advanced lookup table will apply, and the default MSCB rule for the tenant will apply.
- Access theMaintain AUS Superannuation Configurationtask.
- Access the superannuation configuration period that you’re adjusting the MSCB configuration for.
- In theMaximum Superannuation Contribution Base Configurationgrid, add a new row. Add the details and restriction.
Option Description Quarterly Contribution BaseEnter the MSCB limit per quarter. OTE over the MSCB limit is subject to the MSCB rule.Exceeds MSCB RuleSelect the treatment of any OTE exceeding the contribution base.- Pay excess to Taxable Income.
- Cap payments at MSCB.
- Ignore MSCB.MSCB rules only apply to percent-based allowance plans. Amount-based plans contribute to the quarterly MSCB, but Workday doesn't apply the rule to amount-based earnings exceeding the contribution limit.
DefaultMark the final row of the grid as Default.Workday uses the default if no other restrictions apply to the worker.RestrictionUse an existing restriction, or create a new one to define which workers this configuration applies to.
A group of workers in your organization have rules from a prior agreement that are different from your default method of treating earnings over the MSCB. You can use superannuation configuration restriction rules to identify these workers and apply different MSCB rules in the pay calculation.