Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_2:p6
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 6/6)
Character Range: 1744256–1747071

out in the form are to be expressed in whole dollars, you truncate the amounts to the nearest whole dollar.
Example: Stefan Pty Ltd calculates that its PAYG instalment for a quarter is $8,496.73. Because the approved form requires amounts to be truncated, the amount would be reported in its BAS as $8,496.

Division 389—Reporting by employers

Guide to Division 389

389‑1  What this Division is about

      This Division establishes the "Single Touch Payroll" reporting framework.
      Employers must (unless they are exempt) notify the Commissioner of certain amounts that relate to payments in respect of their employees.
      Employers may notify the Commissioner of certain other amounts on a voluntary basis.
      In many cases, this Division has the effect of bringing forward the due date for notification or reporting under other provisions. Notifying under this Division may satisfy an employer's obligations to notify or report under the other provisions.
      Employers may make a declaration that authorises an agent to give the Commissioner one or more notifications of an amount under this Division for a period of up to 12 months.

Table of sections
Operative provisions
389‑5 Required reporting by employers
389‑10 Exemptions
389‑15 Voluntary reporting by employers in relation to taxation laws
389‑20 Effect on reporting requirements under Subdivision 16‑C
389‑25 Grace periods for correcting false or misleading notifications
389‑30 Voluntary reporting by employers in relation to child support laws
389‑35 Declaration where agent gives notification under this Division

Operative provisions

389‑5  Required reporting by employers
 (1) An entity must notify the Commissioner of an amount of a kind referred to in column 1 of an item in the following table on or before the day referred to in column 2 of that item, if the amount arises as a result of conduct of the entity (such as payment of an amount or provision of a benefit).

Amounts to be notified to the Commissioner
Item                                        Column 1                                                                                                                                                                                                                                                                                                                                                  Column 2

                                            The following must be notified …                                                                                                                                                                                                                                                                                                                          … on or before this day