ATO director Michael Karavas said the agency will provide an exemption for closely held payees for the 2019-20 financial year, with STP reporting for these payees to commence from 1 July 2020.
Read more at the Accountants Daily.
ATO grants 1-year STP exemption for closely held payees
Closely held payees will be will be given a one-year exemption from single touch payroll reporting as the ATO works on moving into a quarterly reporting framework from 1 July 2020.
