There is an exemption for small employers (those with 19 or fewer employees) meaning they don’t need to report what the ATO calls ‘closely held payees’ through Single Touch Payroll enabled software until 1 July 2021.
A closely held (related) payee is someone who is directly related to the business, company or trust that pays them, such as:
- family members of a family business
- directors or shareholders of a company
- beneficiaries of a trust.
In response to the COVID-19 crisis, the ATO has extended the exemption deadline from 1 July 2020 to 1 July 2021.
To view the ATO information in full, click here