With employers with 20 or more employees required to be STP-compliant from 1 July 2018, the 12-month transition period has now run its course, meaning penalties are now in effect.
Read more at the Accountants Daily.
Over $500m in penalties detailed for STP non-compliance
Large employers can face up to over $500 million in penalties for missed or late Single Touch Payroll reports as the transition year for bigger businesses tapers out.
