Learn what STP Phase 2 means for you
Single Touch Payroll (STP) Phase 2 reporting starts 1 January 2022.
If you employ staff, you’ll need to be ready for this change.
New guidelines that explain the changes are now available to help.
STP Phase 2 reporting means changes to the way you report
- amounts paid to staff – instead of reporting a single gross amount, you’ll separately show items such as overtime, paid leave, and bonuses and commissions
- income types – you’ll include information such as whether a payment is regular salary and wages or income for working holiday makers
- employment conditions – you’ll provide some additional information such as whether your employee is fulltime, part-time or casual and if they leave, the reason they stop working with you.
The way you lodge and the due date of your STP reports don’t change.
Your STP-enabled software will be updated by your software provider. When it is updated the software provider will let you know the next steps you should take.