One of the advantages of the Single Touch Payroll (STP) initiative is for employers to do away with the need to issue Annual Payment Summaries to employees given the ATO will have the relevant information by way of what is provided to it under the STP system.
What is the position though for Reportable Superannuation Contributions and Reportable Fringe Benefits?
The explanatory material outlining the STP proposal confirms:
‘It is not mandatory for reportable employer superannuation contribution (RESC) and reportable fringe benefit (RFB) amounts to be reported through STP, however an employer may choose to do so by 14 July. In these circumstances, the employer would not be obliged to provide an annual payment summary covering these amounts.’