Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 22 results for "Single Touch Payroll"

ASFA calls for super fairness

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... who are self-employed or in the gig economy. Further to this, ASFA proposed that with the introduction of Single Touch Payroll, there is no reason why superannuation cannot be paid at the same time as wages. "This initiative would make the system more ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... super guarantee charge statement with the ATO as soon as possible." The spokesperson added that introducing Single Touch Payroll (STP), together with super funds' reporting obligations, have increased the ATO's ability to identify employers who ...

SG amnesty deadline nears

ALLY SELBY  |  THURSDAY, 6 AUG 2020
... Senator's office said. Future underpayments are highly likely to be detected, it said, with the roll out of the single touch payroll real time data reporting to the ATO across the country. The ATO has recognised that some businesses may not be able to ...

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... after an application has been processed to ensure the integrity of the program." The ATO said through the Single Touch Payroll (STP) system it has real time information as to whether individuals are employed and how much they are being paid. "Our compliance ...

InPayTech's ClickSuper grows

HARRISON WORLEY  |  MONDAY, 9 MAR 2020
... small businesses expressed concernes with the confidentiality of employee data. The network integrates the Single Touch Payroll and SuperStream systems, and offers "frictionless" communication for payrolls and super funds through the use of a single ...

ATO to crack down on SG non-payment

KRISTI CHENG  |  TUESDAY, 27 AUG 2019
The Australian Taxation Office will start using Single Touch Payroll (STP) system data to identify and warn employers on non-payment of super guarantee, according to ATO deputy commissioner James O'Halloran. Speaking at the 2019 ASFA National Policy ...

Lax regulation worsens lost super benefits: ISA

KARREN VERGARA  |  FRIDAY, 3 MAY 2019
... super guarantee base of ordinary time earnings, it said. ISA raises significant concerns about the ATO using Single Touch Payroll to increase transparency on wages and how effective the new compliance system is. The simple and most effective fix is for ...

Rice Warner predicts super fee-hike

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... changes will put pressure on the revenue of many funds, and their administrators," Rice Warner said. "The Single Touch Payroll process should help to reduce costs, but on balance, administrators will have lower margins. "Fees will need to rise to provide ...

Super fintech chief steps back

JAMIE WILLIAMSON  |  FRIDAY, 8 FEB 2019
... key objectives, InPayTech said, including the generation of greater income streams from ClickSuper and its Single Touch Payroll products and services. It is also looking to release SME payment service PayVu this month. The service aims to bridge the ...

Assistant Treasurer warns super funds to lift engagement game

KARREN VERGARA  |  FRIDAY, 2 NOV 2018
... find their owners." The Government is providing transparency on how much super has been paid via myGov and Single Touch Payroll. It is also putting changes in place so that when an employee joins a new workplace, the employer can log into the portals ...
PAGE:
1
PREVIOUS
NEXT