12 May 2022
Single Touch Payroll (STP) reporting has been expanded. This expansion is known as STP Phase 2. If you have employees, you will need to start reporting extra information to us each time you run your payroll.
Some digital service providers needed more time to update their products and have applied for deferrals, which cover their customers. This means that when you can start Phase 2 reporting depends on when your payroll product is ready. If you haven't already started Phase 2 reporting, make sure you ask your provider when their product will be ready if you don't already know.
As an employer, it's important that you're across the changes required, and you're getting ready to start Phase 2 reporting. This includes:
Amounts paid to closely held payees should now be reported through STP. There are concessional reporting options for closely held payees reporting which include:
We have resources to help you understand the changes. You can also seek the advice of your tax or BAS professional or payroll provider.
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