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:
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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