Expansion of Single Touch Payroll - Salisbury Accountants

Employers to report additional information through STP on or before each payday.

In the 2019-20 Budget it was announced that the data collected through Single Touch Payroll (STP) will be expanded.

This expansion of STP reduces the reporting burden for employers who need to report information about their employees to multiple government agencies and supports the administration of the social security system.

Between 8 December 2020 and 14 January 2021 the ATO released a draft Legislative instrument for consultation. This specified a proposed start date of 1 July 2021.

The ATO has considered the feedback received on the proposed mandatory reporting date and the importance of this government initiative to reduce the reporting burden for employers.

The Commissioner has now decided to proceed with a mandatory commencement date of 1 January 2022.

There is nothing you need to do right now. More information on how to transition to STP Phase 2 will be provided in due course.

Source: ATO