Revisiting Single Touch Payroll
The rollout of Single Touch Payroll (STP) represented a major change to the way employers report employee payments to the Australian Taxation Office (ATO). Although the rollout of Phase one is complete, employers must now prepare for STP Phase 2.
Phase 2 of STP will enable even greater visibility of employee payments and superannuation reporting. With even more detail required for STP reporting, employers have more to do to ensure they remain STP ready.
Join Jason Lucchese, Assistant Commissioner, Economic Stimulus and Single Touch Payroll Program Lead from the ATO, James Frazer, Senior Manager - Oceania Payroll Operate, Global Compliance & Reporting, EY and Nick Southcombe, CEO of Frontier Software as they discuss what the next Phase of STP will require from employers and what you need to do to prepare.
With the mandatory start date for Phase two less than 12 months away, now is the time to revisit STP to ensure ongoing compliance.
Nick Southcombe is Chief Executive Officer at Frontier Software; a role he has held since 2007. Leveraging around forty years of experience, Nick has overseen the development of the Frontier Software brand to ensure it occupies a unique and enviable position in the marketplace. Nick is uniquely positioned to discuss today’s topic, both as the leader of a business which must itself comply with STP Phase 2 and as a provider of payroll technology.
Jason Lucchese is a dedicated senior leader with over 20 years of experience in the Australian Public Service delivering high impact government programs and initiatives to the Australian community.
In his current role, Jason is responsible for the ongoing management of the Single Touch Payroll (STP) initiative, a gamechanger in how employers report their payroll data to the government and one of the biggest changes to the tax and super system since the introduction of the GST. Jason and his team are now focused on delivering STP Phase 2 and supporting industry and employers through implementation.
James Frazer is a Senior Manager at EY Oceania’s Payroll Operate business, based in Sydney. He is working with numerous local and multinational clients, managing their payroll services. Before joining EY in 2018, James had over 15 years working within payroll, remuneration & benefits and HR operations functions in local government, wholesale sales, retail, logistics, manufacturing, professional and financial services industries.
James’ experience includes assisting businesses with developing regional payroll practices, systems and policies, along with providing payroll and system integration expertise for ERP and HRMS system implementations and project management of multi-country time & attendance, payroll and commission calculation systems for a number of businesses.