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  • Finalise your Single Touch Payroll data by 14 July

    If you employ 20 or more employees, you have until 14 July to make a finalisation declaration for your employees' end of financial year (EOFY) payroll information. This is done through your Single Touch Payroll (STP)-enabled payroll solution after your last pay run for the financial year. Employers with 19 or fewer employers must finalise by 31 July.

    When you have reported and finalised your employees' information through STP, you are exempt from:

    • providing payment summaries to your employees
    • lodging a payment summary annual report to us.

    For payments to your employees that were not reported through STP, you still need to:

    You will also need to let your employees know that they will no longer receive a payment summary from you. They will be able to access their EOFY information (now called an income statement) through their registered tax agent or ATO online services using myGov. We have a factsheet to help your employees understand these changes.

    Corrections to your employees' finalised EOFY information should be made through your STP-enabled payroll solution.

    Next steps:

    See also:

    Last modified: 26 May 2020QC 62720