Single Touch Payroll – Employer Standing Declaration

As part of the 2023–24 Budget, the Australian Government announced a suite of changes aimed at driving collaboration with small business to reduce the time spent complying with tax obligations, including this Single Touch Payroll (STP) measure.

The measure aims to reduce the administrative burden for employers reporting under STP through the ability to make a standing declaration, covering multiple lodgements of STP information by their agent.

This measure received Royal Assent on 10 December 2024.

For more information see:

• Treasury Laws Amendment (2024 Tax and Other Measures No. 1) Bill 2024External Link
• Authorisations to act