Institute of Certified Bookkeepers Level 27, Rialto South Tower 525 Collins Street, Melbourne Vic 3000 Tel - 1300 85 61 81 Fax - 1300 85 73 93 e-mail : admin@icb.org.au
Hi there,
Xero payroll has generated additional PAYG WHT section for one of the employees in my pay run with label "STSL Component". I have no idea what is is. Could anyone please tell me what is it and why it was generated. I can understand "manual adjustment" but never heard of STSL component.
Thank you.
Mattie
Hi Mattie,
I don't use Xero, but the STSL is the new Student and Trade Study Loan that from the 1/7/19 replaces the HELP and SFSS loans:
https://www.ato.gov.au/individuals/study-and-training-support-loans/
Regards,
Vija
Reckon Accredited Consultant