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The Single Touch Payroll flight plan

The Budget Savings (Omnibus) Bill 2016 was enacted on 16 September 2016 – making Single Touch Payroll (STP) a legislative requirement in Australia. STP will lead to transparency in payroll reporting and level the playing field to ensure that all employers are meeting their employer taxation obligations. Advantages include, Auto reporting, Activity statement compliance efficiencies, and Validated new hire data.

This legislation along with other Federal Government initiatives such as MyGov and SuperStream, are momentous leaps forward in the Australian Government’s Digital by Default agenda. Not since the introduction of PAYG in 2000 have we seen a piece of legislation with this level of impact for all employers and employees. The ATO’s direction is that every employer is going to need an STP solution.
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Calling Australian businesses to board for STP reporting’

There are two boarding calls for STP.  The ATO has stipulated mandatory STP reporting commence for businesses with 20 or more employees (known as ‘substantial employers’), on 1 July, 2018.

The second boarding call is for all businesses with 19 or less employees, you can opt to report via STP from 1 July, 2018. The ATO has proposed that it will be mandatory for employers with 19 or less employees to commence reporting from 1 July, 2019.  This proposal is subject to legislation being passed in parliament.
Some businesses are exempt – find out if this applies to you.
Calling Australian businesses to board for STP reporting’

What changes for my business?

STP reporting will result in some changes for employers and the payroll process.

But….not everything will change

Some things will remain the same after the introduction of STP.  Employers do not need to change:
  • Current payroll frequency - Employers can continue to pay employees weekly, fortnightly or monthly.
  • Payment due dates for PAYG withholding and superannuation contributions.  However, you can choose to make these payments earlier.
But….not everything will change

Key STP Dates

16 September 2016
Budget Savings (Omnibus) Bill 2016 was enacted, making Single Touch Payroll (STP) a legislative requirement in Australia.

1 April, 2018
Head count day – you need to count the number of employees in your business. For more information on Head count day, refer to ADPs Head count guide.

1 July, 2018
STP mandatory reporting commences for businesses with 20 or more employees.

1 July, 2019
ATO proposed STP mandatory reporting to commence for employers with 19 or less employees (this is subject to legislation being passed in Parliament).
Key STP Dates

More Resources

 

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