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Single Touch Payroll for streamlined reporting

From 1 July 2018, employers with 20 or more employees will report payments to the Australian Taxation Office at the same time as they pay their employees, using the Single Touch Payroll reporting system.

This reporting system will keep track of payments such as:

The introduction of this new reporting measure does not incite changes to an employer’s payroll cycle; you can still make payments as you were, i.e., weekly, fortnightly, monthly, etc. When you do make these payments, the super and tax details of employees will be passed on, creating a more streamlined approach to make reporting and compliance more manageable.

For businesses with less than 20 employees, the single touch payroll reporting system will be in place by 1 July 2019.

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News

Protecting yourself from super scams

January 14, 2021

Superannuation is an attractive target for scammers as a significant volume of funds are placed into super funds by Australians.

There are some straightforward steps you can take to protect yourself from super scams.

Know the rules

Check your balance and contact details

Stop identity theft