ATO Introduces STP Phase 2 to Capture Comprehensive Employee Payment Details
The ATO is looking to patch knowledge gaps in the payroll submission process to support social security purposes and get a better understanding of employee payment details.
So, in addition to the payroll and employee information you’re already sharing through STP Phase 1 (salaries, PAYG, superannuation), Phase 2 will involve the capture of the following pay items, employee records and new fields:
- employment basis
- paid leave
- allowances
- overtime
- cessation details and termination reasons
- child support deductions
- salary sacrifice
- lump sum payments
- country codes
Under STP phase 2 reporting you will also be required to separately itemise the components which make up the gross earnings amount. You will need to report all allowances separately, not just expense allowances that may have been deductible on your employee’s individual income tax return. Learn more >