Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW
Search ResultsShowing 11 - 20 of 21 results for "Single Touch Payroll"
Unpaid super reaches $6bn
DARREN SNYDER  |  MONDAY, 4 JUN 2018
... penalties and even jail time . Linden said while the draft legislation introduced enhanced penalties and extended single touch payroll to small businesses, it did not adequately address the scale of the problem. "The Bill does not reflect the changing ...
WA Super awards admin mandate
KARREN VERGARA  |  THURSDAY, 19 APR 2018
... build its cloud-based platform capabilities, embedding new functionalities to meet ATO requirements such as Single Touch Payroll (STP). SuperChoice chief executive Stuart Korchinski said the digital investment means the SuperChoice platform can quickly ...
New law tightens unpaid SG penalties
KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... ordered penalties, including up to 12 months imprisonment," O'Dwyer said. The legislation will also extend to Single Touch Payroll (STP) to cover all employers from 1 July 2019, where the reporting functionality will provide the ATO up-to-date information ...
O'Dwyer proposes compulsory unpaid super law
KARREN VERGARA  |  THURSDAY, 25 JAN 2018
The Federal Government is proposing all employers transition to the Single Touch Payroll (STP) system from 1 July 2019 under its superannuation guarantee reform package. What previously applied to employers with 20 employees or more is now being extended ...
Intervention from trustees can address unpaid super: IFS
EMMA RAPAPORT  |  WEDNESDAY, 6 SEP 2017
... down on non-compliance by employers. The package of proposed reforms includes tougher penalties, extending single touch payroll to small business, increased super fund reporting, and legislation to close a legal loophole that currently results in workers ...
Government funds ATO superannuation taskforce
DARREN SNYDER  |  TUESDAY, 29 AUG 2017
... report contributions received more frequently to the ATO - at least monthly. There will also be the rollout of Single Touch Payroll (STP) where employers with 20 or more employees will transition to STP from 1 July 2018. Smaller employers will come on ...
Government cracks down on salary sacrifice loophole
EMMA RAPAPORT  |  FRIDAY, 14 JUL 2017
... require employers to pay super more frequently, and for the Government to green light small businesses in Single Touch Payroll, adding: "Without taking these extra steps millions of Australians will continue to be shortchanged billions in super, with ...
ATO blamed for SG non-payment
KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... recommends harsher penalties for deliberate and repeated acts of non-compliance by employers, and to expand Single Touch Payroll to all businesses. ISA public affairs director Matt Linden said the findings were a "wake-up call." "This is an issue that ...
SG non-payment is an 'easy fix': ISA
KARREN VERGARA  |  TUESDAY, 2 MAY 2017
... problem is for superannuation guarantee payments to align with wage cycles. The government should also extend single touch payroll coverage to all employees or tighten enforcement and penalty regimes, he said. "Both the senate committee and an inter-agency ...
ATO payroll system tracking unpaid super
KARREN VERGARA  |  THURSDAY, 16 MAR 2017
The Australian Taxation Office is tackling the growing $3.6 billion unpaid super problem with its Single Touch Payroll (STP) system that closely monitors employers' inability to pay superannuation entitlements, with the first phase due to roll out on ...
Link to something YMYHCEBK