MYOB Ace Payroll 3.52A - March 2024
The 3.52A release updates MYOB Ace Payroll to comply with legislative changes that take effect from 1 April 2024.
You can install this release before 1 April 2024. The legislative changes aren’t activated in MYOB Ace payroll until the relevant date, e.g. changes to tax codes are applied when you run a pay ending on or after 1 April 2024.
Installing your upgrade
To download and install the latest version from within MYOB Ace Payroll:
Back up your payroll data to an external drive or Ace Payroll online.
You may need to be a windows administrator to do this.Go to Utilities > Ace Payroll Online > Download an Upgrade.
Follow the on-screen installation instructions.
When the upgrade is complete, MYOB Ace Payroll will restart automatically.After Ace Payroll has restarted, press F5 and to confirm that you've successfully upgraded to version 3.52A.
If you need to download the latest installer, go to MYOB Software Downloads.
What’s new
ACC rates and thresholds
MYOB Ace Payroll will apply the following ACC changes from your first pay period with an end date on or after 1 April 2024:
2023-24 tax year value | 2024-25 tax year value | |
|---|---|---|
ACC earner levy rate | 1.53% | 1.6% |
ACC income maximum | $139,384.00 | $142,283.00 |
Maximum ACC earner levy | $2,132.57 | $2,276.52 |
Student loan threshold
Frequency | 2023-24 tax year value | 2024-2025 tax year value |
|---|---|---|
Annual threshold | $22,828 | $24,128 |
Monthly pay period (threshold divided by 12) | $1,902.33 | $2,010.67 |
Fortnightly pay period (threshold divided by 26) | $878 | $928 |
Weekly pay period (threshold divided by 52) | $439 | $464 |
Public holidays update
Public holidays for 2024 have been added to MYOB Ace Payroll’s public holidays calendar.
Minimum wage changes
Increase from 1 April 2024:
2023-24 tax year value | 2024-2025 tax year value | |
|---|---|---|
Adult | $22.70 | $23.15 |
Starting and Training | $18.16 | $18.52 |