Compliance Update 2021

Stay up to date with your regulatory responsibilities for payroll and HR with our list of major compliance news and alerts.

The legislative and regulatory changes we list here are from Australian territory, state and federal governments, as well as industry regulators such as the Fair Work Commission, Services Australia and the Australian Taxation Office.

Payroll tax exemptions for ACT businesses
Date of enactment: Current
The ACT government has announced in its 2020-21 budget that it will extend payroll tax exemptions and waivers for ACT businesses as part of its coronavirus pandemic recovery plans.

Businesses with payroll under $10 million who are in hardship will have interest-free deferrals of payroll tax extended until June 30. Payroll tax exemptions for wages paid to new apprentices or trainees, who were employed after August 1 last year, will also be extended until June 30.

New payroll tax rebates to support Tasmania’s COVID-19 economy
Date of enactment: Until 30 June 2022
The Tasmanian government has announced various payroll tax rebates for trainees and apprentices, and youth employees.

WA payroll tax exemption for new apprenticeships
Date of enactment: Until 30 September 2021
The Western Australian Government has exempted Western Australian businesses from paying payroll tax on wage subsidies as announced in the 2020-21 Commonwealth Government Budget.

Revised STP Phase 2 mandatory start date
Date of enactment:
1 January 2022
The ATO has extended the proposed mandatory start date for Single Touch Payroll Phase 2 by 6 months to 1 January 2022, in response to industry feedback. From 2022, STP reporting will include a breakdown of gross income and allowances, and more employment data. If a payroll software provider or employer may not be able to meet this deadline, a deferral framework will provide a process for an application for a deferral to be made.

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