All employers should be reporting now unless they only have closely held payees, or are covered by another deferral or exemption.

Quarterly reporting for micro employers

The quarterly reporting concessions for micro employers who needed more time to transition to STP reporting were in place until 30 June 2021.

From 1 July 2021 quarterly reporting concessions will only be available to employers reporting through their tax agents who meet certain eligibility requirements and have special circumstances. These concessions will be limited to a two-year period. Tax agents will be able to apply for this through the online deferral tool from 1 July 2021 for those clients that meet the eligibility requirements.

Refer to ato.gov.au/stp for further information.

Reporting for closely held payees

The STP exemption for small employers with closely held payees will cease on 30 June 2021. After this date, small employers will have the following three options for reporting payments to closely held payees that are required to be reported through STP:
› Reporting actual payments each pay event
› Quarterly reporting based on actual payments
› Quarterly reporting based on a reasonable estimate

Refer to ato.gov.au/stpcloselyheld for further information.