NOTICE - ATO HELP / SFSS TAX SCALE CHANGES JULY 19

ATO has introduced a single tax scale "Study and training support loans" effective from 1 July 2019. All study and training loans are covered by one set of thresholds and rates. Additionally, there have been changes to the hierarchy in which compulsory repayments are applied to study and training loans.

Action Needed:

• All members having SFSS Scale need to be changed to HELP / STSL Scale.
• If you want us to perform the change on your behalf, please contact us immediately. The flat cost of this change is $250.

Implementation in EntireHR:

• We have updated the current HELP Tax Scale according to the new slabs given by ATO.
• This means all your current members having HELP Scale will automatically be processed according to the new STSL Scale.

Details of New Scale:

• Obligation: Study and training support loans
• Tax Free Threshold: SCALE STSL - TAX FREE THRESHOLD
• Non-Tax Free Threshold: SCALE STSL - NON TAX FREE THRESHOLD

Upcoming Changes in EntireHR:

• Electronic Tax File Declaration Page: All clients using our Enterprise Version will get this change before 21st July 19.
• Payslips / Reporting: Correct calculations are already in place, but changes in the text from HELP to STSL text will occur before 21st July 19.
• SFSS Scale: We are still keeping SFSS Scale on all reports for you to be able to view past records.

For more updates, you can refer to the ATO website.