We can consider a deferral or extension of time to lodge. This has the effect of extending the due date for lodgment for the specified reporting period/s.
Each application is considered on a case-by-case basis, taking into account the individual circumstances of the EDP.
Some examples for granting a deferral or exemption can include where the EDP:
- has only just become aware of their SERR reporting obligation and is unable to implement system changes in time to meet the reporting due date
- requires additional time to prepare their report in the approved form, which is the SETP XML Schema
- will be able to report all data values for the period but require additional time to prepare and submit the report
- is in the process of implementing system changes but will be unable to obtain and report historic values (past data) once system changes have been implemented.
There may also be an additional interim option available where an EDP has collected all required data except for one mandatory field which is preventing them from lodging. In this instance, we would need to liaise directly with the EDP to better understand their circumstances and provide the most appropriate support option.
To have an application for an exemption or deferral considered, email the deferral or exemption request to sharingeconomyreporting@ato.gov.au. Ensure you include the:
- client name
- ABN/ARN
- reporting period
- proposed lodgment date
- reason for the deferral exemption request.