{"id":569,"date":"2024-10-19T02:45:39","date_gmt":"2024-10-19T02:45:39","guid":{"rendered":"https:\/\/www.epayoffice.com.au\/?p=569"},"modified":"2024-10-22T01:31:33","modified_gmt":"2024-10-22T01:31:33","slug":"dont-get-caught-out-what-employers-need-to-know-about-the-atos-expanded-use-of-stp-phase-2-data","status":"publish","type":"post","link":"https:\/\/www.epayoffice.com.au\/dont-get-caught-out-what-employers-need-to-know-about-the-atos-expanded-use-of-stp-phase-2-data\/","title":{"rendered":"Don\u2019t Get Caught Out: What Employers Need to Know About the ATO’s Expanded Use of STP Phase 2 Data"},"content":{"rendered":"\n
The Australian Taxation Office (ATO) is using data from Single Touch Payroll<\/a> (STP) Phase 2 to scrutinise superannuation guarantee (SG) contributions more closely than ever before. This increased visibility allows the ATO to monitor SG payments in real-time and identify non-compliance with greater precision.<\/p>\n\n\n\n The expanded use of STP Phase 2 data means the ATO can spot non-compliance faster than ever before, so it\u2019s crucial for employers to stay ahead of their superannuation obligations.<\/p>\n\n\n\n With STP 2 now well underway, the Australian Government has announced that from 1 July 2026, employers will be required to pay superannuation for their employees at the same time as paying their salary and wages, commonly known as Payday Super.<\/p>\n\n\n\n At this stage, this is not yet law, however it is expected that superannuation<\/a> contributions will need to be paid within 7 days of the employee being paid.\u00a0 There will be revised choice of fund rules, there will possibly be a change to the Maximum Superannuation Contributions Base (as this is currently a quarterly cap) as well as updates to the Superannuation Guarantee Charge.<\/p>\n\n\n\n Along with Payday Super, the Small Business Clearing House will cease to operate from 1 July, 2026 and the Superfunds will have only 3 days to advise of returns (down from 20).<\/p>\n\n\n\nKey Takeaways:<\/strong><\/strong><\/strong><\/h2>\n\n\n\n
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