Overview

Single Touch Payroll (STP) regime was introduced to provide the ATO with information on employer PAYG and superannuation obligations. It also provides employees with greater transparency of their salary and reportable superannuation and fringe benefit entitlements.

The question is whether an SMSF needs to comply with STP reporting obligations. 

Explanation 

Single Touch Payroll (STP) reporting obligation is not directly imposed on SMSF trustees as superannuation income streams, annuities or superannuation lump sums are not reportable through STP. These payments are categorised not to be reported through STP as from ATO's Single Touch Payroll employer reporting guidelines as below: 

Class does not support this functionality as it is not required by the current legislation of Single Touch Payroll (STP) reporting or the ATO reporting procedure.