On 28 December 2014, the Minister for Small Business, Bruce Billson, and the Assistant Treasurer, Josh Frydenberg, announced that the government will cut red tape for employers by simplifying tax and superannuation reporting obligations through Single Touch Payroll.
Under Single Touch Payroll, employers will be required to electronically report payroll and super information to the ATO when employees are paid, using Standard Business Reporting-enabled software.
The ATO has now published a discussion paper on Single Touch Payroll containing a number of consultation questions.
The closing date for submissions is 6 March 2015.
For a copy of the discussion paper and for more information, go here