Treasury Laws Amendment (2020 Measures No. 2) Act 2020 (79 of 2020)

Schedule 2   Single touch payroll reporting - child support information

Taxation Administration Act 1953

6   Section 389-1 in Schedule 1

Repeal the section, substitute:

389-1 What this Division is about

This Division establishes the "Single Touch Payroll" reporting framework.

Employers must (unless they are exempt) notify the Commissioner of certain amounts that relate to payments in respect of their employees.

Employers may notify the Commissioner of certain other amounts on a voluntary basis.

In many cases, this Division has the effect of bringing forward the due date for notification or reporting under other provisions. Notifying under this Division may satisfy an employer's obligations to notify or report under the other provisions.