FastTrack360 Version 12 Online Help

TFN Declaration Basis of Payment Change (Payroll AU only)

Description

The option S-Superannuation income stream has been removed from the Basis of Payment field, which appears on the Payroll Australia > Payee > Payee Entry > PAYG Tax Details screen, as highlighted in the example below.

The S-Superannuation income stream option only applies where an individual is receiving income from their superannuation and is therefore not relevant in the context of a worker receiving payments from a labour hire/staffing agency.

When a new Payee record is created, the S-Superannuation income stream option will not be available for selection in the Basis of Payment field. Likewise, when a new validity period is added to an existing Payee record, the option will be unavailable for selection and if the option had been applied to the previous validity period, the Basis of Payment field will be cleared by default for the new validity period, thereby forcing a new option to be selected.

Benefits

This enhancement prevents the inadvertent selection of an invalid basis of payment option, which can otherwise cause downstream issues when reporting payments made to payees via Single Touch Payroll.

Configuration

No configuration required.

 

Classification-Public