In the 2019–20 Budget, the Government announced that Single Touch Payroll (STP) would be expanded to include additional information. The expansion of STP, also known as STP Phase 2, will reduce the reporting burden for employers who need to report information about their employees to multiple government agencies.
STP Phase 2 will introduce changes in the Employee Maintenance and PAD Code Maintenance functions to enable extended reporting as required by the ATO. Your Sympac Payroll system has been updated with the additional fields containing the additional information required by the ATO once STP Phase 2 reporting commences.The attached document details the changes and the actions required to prepare your business for the new reporting requirement introduced with STP Phase 2. Please note STP Phase 2 reporting will not commence until 1st July 2022. The current STP process will continue to operate as normal until the cut over.
For more information on the STP Phase 2 changes please visit https://www.ato.gov.au/Business/Single-Touch-Payroll/Expanding-Single-Touch-Payroll-(Phase-2)/If you have any questions about Single Touch Payroll Phase 2 please contact our Client Services Team on 1300 361 732