STP: Disaggregation of gross & Phase 2 reporting | Video

In STP Phase 1, the gross amount you reported contained different types of amounts depending on the particular income type. This approach has changed in STP Phase 2 and all payment types are now reported consistently for each income type.

Instead of reporting a single gross amount, you will now separately report:

• gross
• paid leave
• allowances
• overtime
• bonuses and commissions
• directors’ fees
• lump sum W (return to work)
• salary sacrifice.

For a detailed article on the subject, click here.