In STP Phase 1, the gross amount you reported contained different types of amounts depending on the particular income type. This approach has changed in STP Phase 2 and all payment types are now reported consistently for each income type.
Instead of reporting a single gross amount, you will now separately report:
- paid leave
- bonuses and commissions
- directors’ fees
- lump sum W (return to work)
- salary sacrifice.
For a video overview of handling disaggregation of gross, click here.
For a detailed article on the subject, click here.