Recently we shared an article [link below] that Single Touch Payroll (STP) would become mandatory as of 1 July 2018 and that the penalties for underpayment or non-payment of superannuation would be increased significantly

The government has recently announced that they will be providing a one-off, 12-month amnesty period to allow employers to pay super owed to employees, including nominal interest. The amnesty will run from 24 May 2018 to 23 May 2019; however mandatory reporting for employers with 20 or more employees will still be effective from 1 July 2018. Employers with 19 or less employees will begin reporting 1 July 2019.

If you require any guidance with this initiative, please feel free to call your client manager or reception on (07) 3832 7544. Alternatively, you can email us at hello@adriansca.com.au.

 

ALERT: Single Touch Payroll