A. What to consider as an employer
Single touch payroll
The Australian Taxation Office will start using Single Touch Payroll (STP) system data to identify and warn employers on non-payment of super guarantee.
With the introduction of STP, the ATO has access to data around employer compliance in reporting obligations, giving the office an "unprecedented" level of visibility of super information at the account and transaction level.
Importantly for super, the ATO can now check what was reported as owed by the employer as a superannuation guarantee contribution has actually been paid into the super fund of an employee.
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Last modified: Monday, October 26, 2020