Software Industry Welcomes New STP Legislative Instrument
ABSIA welcomes the ATO's release of the new STP Phase 2 legislative instrument which delays the mandatory start date to 1 January 2022 and includes a deferral scheme for developers and employers. Please find the new legislative instrument here.
On behalf of the software industry and its stakeholders, ABSIA would like to thank the ATO for listening to the industry's feedback and concerns surrounding the initial legislative instrument. This delayed start time is much more feasible for the industry and with the deferral scheme, it will allow developers and employers to become compliant when they are ready to be.
ABSIA will continue to keep our members and community up to date with STP Phase 2 happenings. Members are invited to provide feedback on the legislative instrument through the Forum.