The Australian Taxation Office is reminding local government payroll managers to transition to the new Single Touch Payroll (STP) Phase 2 reporting requirements.
STP Phase 2 reporting began on 1 January 2022, however individual transitions will depend on the readiness of your digital service provider (DSP).
Either they are:
- ready for you to start reporting STP Phase 2 information, or
- they require additional time to get their product ready and have a DSP deferral in place that also covers their customers.
The additional information collected in the STP Phase 2 report and shared, will primarily support administration of the welfare system by Services Australia. The changes also aim to streamline a range of employer reporting obligations, making it simpler to comply and reduce duplication.
The Tax Office Employer STP Phase 2 checklist will provide you with the necessary detail and steps to take to transition.
Posted 6 May, 2022