If your organisation now reports through Single Touch Payroll (STP), and you choose to provide reportable fringe benefits amount (RFBA) and reportable employer super contributions (RESC) for your employees, then there are two ways you can report this information:
Option 1
If you choose to provide your employee’s RFBA and RESC amounts at each payroll or update event, you’ll need to include the year-to-date amounts for each subsequent payroll event, even if the amounts remain the same.
Option 2
You can choose to provide RFBA and RESC amounts through an update event as part of the finalisation process at the end of the financial year.
To view more detail on these reporting options, click here.
