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Single Touch Payroll Deferred

The Government has recently announced that it will defer the implementation of “Single Touch Payroll”.

Under the proposed new system, organisations are to automatically report payroll information to the ATO through accounting software, and payments of PAYG tax are to be made at the same time employee wages are paid. Tax file number declarations and super choice forms are also to be streamlined.

The proposed start date was to be July 2016 but this has now been deferred, to a future date which is yet to be advised.

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