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  • Pay family, directors or trust beneficiaries?

    21 June 2021

    Since 1 July 2021, employers must report any closely held payees through Single Touch Payroll (STP).

    A closely held payee is someone directly related to the entity they receive payments from, including:

    • family members of a family business
    • directors or shareholders of a company
    • beneficiaries of a trust.

    You should already be reporting any other payees through STP. Employers who haven't started reporting through STP and don't have a deferral or exemption in place need to start reporting now.

    We hosted a free webinar on Wednesday 2 June to help you understand how this change affects you and what your reporting options for your closely held payees will be.

    A recording of the webinar can be accessed using the link below.

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