STP Finalisation
Annual finalisation of Single Touch Payroll data to confirm year-to-date amounts for each employee. Must be completed by 14 July following the financial year end. If an employer finalises through STP, it does not give employees a payment summary and does not lodge a payment summary annual report. Employees see their income statement in myGov once the employer finalises.
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Who this applies to
- All Australian employers reporting via STP (essentially all employers)
- Closely-held payees have an extended date (next 31 October)
What to file
Mark each employee's STP record as final via accounting software, which sends the finalisation declaration to the ATO.
How to file
From payroll software such as Xero or MYOB: use the STP finalisation flow.
Payment due
No payment: finalisation is reporting only.
Penalties for missing this deadline
FTL penalty applies to STP reports including finalisation. Employees can't access their pre-filled tax return data until finalisation is complete. The ATO can also apply a penalty to the employer for late STP reporting using the same penalty unit rules, which is A$364 per unit for documents due on or after 1 July 2026.
Filing checklist
- Reconcile YTD wages and tax to general ledger
- Confirm RFBA (Reportable Fringe Benefits Amount) for any employees
- Identify closely-held payees (separate finalisation by 30 September)
- Mark each employee as 'final' via STP software
- Notify employees once finalised (their myGov updates)
Documents you'll need
- Year-end payroll summary by employee
- Reconciliation of payroll to the general ledger
- Employee details for reportable fringe benefits and allowances
- Records of any termination payments
Common mistakes to avoid
- Forgetting RFBA for employees with FBT-attracted benefits
- Not finalising for closely-held payees (extended to 30 Sep, then 31 Oct or normal lodgement date)
- Reconciliation errors flowing into employee tax returns
Never miss a Australia deadline
AccountsOS tracks every Australian Taxation Office (ATO) and ASIC (Australian Securities and Investments Commission) deadline and reminds you weeks ahead.
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