10/07/2026
【 Pay attention for 14/07 STP Finalisation Deadline 】
The 2026 financial year has ended, but your payroll reporting is not quite finished yet.
In most cases, Australian employers need to complete their FY2026 STP Finalisation by 14 July 2026 through their payroll software.
Once finalised, employees’ Income Statements in myGov will change from: “Not tax ready”
to: “Tax ready”
This allows employees to prepare their individual tax returns using the final confirmed salary and PAYG withholding information.
✅ What does STP Finalisation mean?
STP Finalisation is the employer’s formal confirmation that the employee’s:
- salary and wages;
- PAYG withholding; and
- other payroll information for the financial year are complete and accurate.
🔍 Before clicking “Finalise”, check:
Gross wages for the full financial year are complete;
- PAYG withholding is correct;
- Bonuses, allowances, commissions and salary sacrifice amounts are classified correctly;
- There are no missing or duplicated pay runs;
- The final payroll payment has been recorded in the correct financial year;
- Payroll records agree with BAS W1/W2 and the accounting records; and
- Any reportable fringe benefits have been included where required.
If you find any discrepancies, investigate and correct them before completing the finalisation.
Do not confirm incorrect payroll data simply to meet the deadline.
The financial year may be over, but payroll reporting is not complete until STP has been finalised.
Completing STP Finalisation on time is the final step in closing out the payroll year properly.
