Payroll Update &
Key Dates to Remember

30th June (Friday)

Last day to have payments received by super funds via electronic payment for the Superannuation paid to be Tax Deductible in the 2022 financial year. 

*Tip - make sure superannuation payments are made by 22 June. If your final pay is scheduled for the week commencing 27 June 2022 please contact Brentnalls SA for advice. 

1st July (Saturday)

Start of the 2023 financial year.


Superannuation Guarantee rates will change from 10.5% to 11%.

14th July (Friday)

Single Touch Payroll (STP)  Finalisation Declarations due and PAYG Payment Summaries must be issued to employees (for non-STP employers).

28th July (Friday) 

Payroll Tax remittance is due for June and Reconciliation for the 2023 year.


Last date for superannuation funds to receive Superannuation Contributions for June 2023 quarter to avoid paying Superannuation Guarantee Charge (this charge incurs penalties and amounts paid are not tax deductible).

14th August (Monday)


Payment Summaries must be sent to the Tax Office (for Non-STP employers).


28th August (Monday) 


Taxable payment reporting (TPAR) due to the ATO for businesses who are in the following industries:

  • Building and construction
  • Cleaning services
  • Courier services 
  • Road Freight services
  • Information Technology (IT) services
  • Security, Investigation, or Surveillance services
  • Government Entities


Date for lodging Superannuation Guarantee Statement and paying Superannuation Charge (if applicable).

Graphic of a laptop computer with two people. One person is pushing a button on the laptop screen that says Pay while the other is directing.

15th September (Friday)


The 2022-23 Return to Work SA employer remuneration return is due for all payers.

30th September (Saturday)


STP Finalisation Declarations are due for all closely held employees.


Superannuation Guarantee Contribution (SGC)


The SGC rate will increase from 10.5% to 11% for the 2024 financial year. 

Graphic of a person sitting on a pile of reports while working on a laptop.

Reporting employees' extra super

You must include all reportable employer super contributions you make for an employee on their payment summary. 


Reportable employer super contributions are those contributions you make for an employee where these include:

  • Salary sacrifice superannuation;
  • Additional amounts paid to an employee's super fund (for example an annual bonus paid to super); and
  • An employee negotiating for increased superannuation contributions as part of their salary package (for example under individual employee and package contracts).


Compulsory employer superannuation payments such as superannuation guarantee are not reportable employer superannuation contributions.


The table below compares the requirements for Salary/Wages, Superannuation, Return to Work SA & Payroll Tax

Remuneration Superannuation RTWSA Payroll Tax
Salary and Wages Payments Yes Yes Yes
Sick Leave Yes Yes Yes
Overtime No Yes Yes
Commissions Yes Yes Yes
Annual and Long Service Leave Taken Yes Yes Yes
Accrued Annual and Long Service Leave paid on Termination No No Yes
Employer and Sacrificed Superannuation No Yes Yes
Allowance by way of unconditional extra payment (e.g. first aid, site, dirt) Yes Yes Yes
Expense allowance expected to be fully expended *Yes/No *Yes/No *Yes/No
Shift Loadings Yes Yes Yes
Performance Bonus Yes Yes Yes
Christmas Bonus Yes Yes Yes
Parental Leave No No No
Work Reimbursements No No No
Lump Sum Payments on Termination e.g. Eligible Termination Payments, payment in lieu of notice, redundancy pay Payment in lieu of notice - Yes Redundancy Payment - No No ETP's - Yes (5% of pre 83) (100% of post 83) Tax Free Portion of Redundancy Pay - No

Please refer to the below link if you require any additional information in relation to the above.


https://www.brentnalls-sa.com.au/resources/fact-sheets/business-advice/salary-wages 


* Note that there are a number of different allowances which may or may not accrue superannuation and also be included in the remuneration calculations for workers compensation and payroll tax. Please speak to your Brentnalls SA team member if unsure of any treatments. 

Fair Work Australia Annual Wage Review

On 2 June 2023, the Fair Work Commission ("FWC") handed down its annual wage review decision for 2022-2023. The new national minimum wage will be $882.80 per week for full time workers or $23.23 per hour, which is effective from the first full pay period starting on or after 1 July 2023. 


The 5.75% increase will apply to workers who have their pay set by the national minimum wage or modern award. The national minimum wage applies to employees who aren't covered by an award or agreement. 


Employers and employees covered by a registered agreement, should check to see if the increase affects them.

 

The current casual loadings in the modern awards and for award/agreement free employees will remain at 25%.

 

Check the FairWork Ombudsman website for more details. 

Discuss Further?

If you would like to discuss this, please get in touch.

Disclaimer:
The information provided in this information sheet does not constitute advice. The information is of a general nature only and does not take into account your individual financial situation. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you contact Brentnalls SA before making any decision to discuss your particular requirements or circumstances.

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