New Superannuation laws to be introduced
On the 10th of February 2022, parliament agreed to enact new laws in relation to superannuation, previously announced in the last federal budget. These new laws aim to provide greater flexibility for members to get more monies into their funds over their lifetime. A summary of the changes are below: Removal of superannuation guarantee (SG) […]
Single Touch Payroll – Phase 2 to begin in 2022
All employers have to report payments made to employees and closely held payees to the ATO using Single Touch Payroll reporting from July 2021. Single Touch Payroll (STP) Phase 2 was initially planned for 1 July 2021 to align with the mandatory reporting for all employers, but it has been postponed to 1 January 2022. […]
