STP data-sharing with Services Australia
The introduction of Single Touch Payroll (STP) allows the ATO to share data in real-time with other government agencies to help them deliver government services to the Australian community.
As part of the ATO data-matching program, STP data-sharing arrangements with Services Australia help administer Australia’s welfare system. This means that people who are on an income support payment from Services Australia and need to report their employment income fortnightly to Centrelink will now see their employer details are pre-filled.
In you business be prepared for questions from your employees.
If your business is yet to start reporting through STP you can help them get on board.
- Data-matching programs
- What Single Touch Payroll means for customersExternal Link on the Services Australia website
Ref: ATO Tax professionals website