2024.01 release notes - NZ

The 2024.01 release makes MYOB Exo Employer Services NZ compliant with the tax updates for the 2024–2025 financial year. It also changes the password reset process for administrators.

Installing your upgrade

Pre-install requirements

Requirements for PCs running Exo Employer Services components are detailed on the Minimum System Requirements page.

Installing Exo Employer Services

Information on installing and upgrading MYOB Exo Employer Services is maintained on the MYOB Enterprise Knowledgebase. See the following articles:

Check the release

To check that this release installed successfully, check that the versions displayed on the About window (Help menu > About) match the versions listed here:

Application	Version
MYOB Exo Employer Services	2024.01
MYOB Exo Payroll	2024.01
MYOB Exo Employee Information	2024.01
MYOB Exo Time and Attendance	2024.01
Runtime Files	09.00.0000.7423

Tax updates

MYOB Exo Employer Services NZ applies the following changes from your first pay with a payment date on or after 1 April 2024.

ACC earner levy changes

We've updated the ACC earner levy rates and thresholds for the 2024-25 financial year.

	New value for 2024-25	2023-24
Rate	1.6%	1.53%
Maximum ACC earner levy	$2,276.52	$2,132.57
Max. liable earnings threshold (self-employed people only)	$142,283	$139,384

Student loan threshold changes

We've updated the student loan thresholds for the 2024-25 financial year.

Frequency	2024-25 threshold
Annual	$24,128
Monthly	$2,010.67
Half-monthly	$1,005.33
4-weekly	$1,856
Fortnightly	$928
Weekly	$464