What is Single Touch Payroll (STP)?

Single Touch Payroll (STP) is a Government initiative for employee Superannuation Guarantee and PAYG Withholding amounts to be automatically reported to the ATO during the payroll process.

Large employers (20 or more employees) had to use Single Touch Payroll from 1 July 2018.

Small employers (19 or fewer employees) may have to use it from 1 July 2019, depending on the passage of legislation.

Design of Single Touch Payroll risks unintended consequences

The Association of Superannuation Funds of Australia (ASFA) has criticised the development of Single Touch Payroll, warning the ATO and Government of unintended consequences. One aspect of Single Touch Payroll, currently under development by the ATO, would allow employees commencing new employment to complete their superannuation standard choice form and… Read More »Design of Single Touch Payroll risks unintended consequences