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Single Touch Payroll (‘STP’) is a Government initiative aimed at cutting red tape for employers and improving visibility of compliance with business obligations such as: salary and wages and similar payments , Pay As You Go (‘PAYG’) withholding , certain superannuation related information
by requiring ‘real time’ reporting of payroll information directly to the ATO.
Importantly, STP is designed to extract information that already exists in an employer’s payroll system.
As such, it is not intended to impose any additional burden on employers, other than requiring them to report the information to the ATO sooner.
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