Budget Savings (Omnibus) Act 2016 (55 of 2016)

Schedule 23   Single touch payroll reporting

Part 1   Reporting by employers

Division 2   Other amendments

Taxation Administration Act 1953

16   Subsection 16-160(2) in Schedule 1

Repeal the subsection, substitute:

(2) The payer must comply with the request within 14 days after receiving it, unless:

(a) the recipient is an individual and has a *reportable fringe benefits amount, for the income year ending at the end of that *financial year, in respect of his or her employment (within the meaning of the Fringe Benefits Tax Assessment Act 1986) by the payer; or

(b) the payer has made *reportable employer superannuation contributions, in respect of the recipient's employment, during the financial year.