Content Updates to Budget Measures and New Developments Payday Super Has Arrived – What Employers Need to Know ATO Cracks Down on Personal Services Income Arrangements: Is Your Business at Risk? Tax Ombudsman Sees 127% Surge in Complaints: What It Means for You Get Ready for 2026–27: Practical Steps SMSF Trustees Must Take Now This…
Summary Payday Super (PDS) comes into effect from 1 July 2026 which will require employers to pay employee superannuation contributions earlier than the previous quarterly deadlines to ensure they are received by the employee’s superannuation fund no later than 7 business days after the qualifying earnings day. Employers need to allow time for superannuation contributions…
ATO’s compliance approach The ATO works with employers by providing tools and calculators to help them understand and meet their super guarantee (SG) obligations and ‘get it right’. The ATO’s compliance approach supports employers who engage with them and want to get things right. They do take firmer action for those unwilling to meet their…
New domestic violence leave entitlements come into force A Fair Work Commission decision created a new entitlement for most Australian employees; unpaid family and domestic violence leave. The Fair Work decision provides five days’ unpaid leave per annum to all employees (including casuals) experiencing family and domestic violence. The leave will also be available in…
Successful start for Single Touch Payroll Single Touch Payroll (STP) reporting is off to a successful start, with around 40,000 employers already sending tax and superannuation information from their payroll software each time they pay their employees. The STP transition year for employers with 20 or more employees started on 1 July, delivering on the commitment to streamline reporting obligations and…
One-off Super Guarantee Amnesty Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 12 months to “self-correct” under a new amnesty announced late last month. The ATO estimates that $2.85 billion is currently owed in late or missing SG payments. Running from 24 May 2018 for 12 months, the amnesty encourages…
Single Touch Payroll: what employees need to know Single Touch Payroll (STP) – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – comes into effect from 1 July 2018. For employees While the Government and ATO are promoting STP as a way to improve the efficiency of payroll processes…
Single Touch Payroll: what employers need to know Single Touch Payroll (STP) – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – comes into effect from 1 July 2018. For employers Employers with 20 or more employees at 1 April 2018 must use standard business reporting-enabled software from 1…