Tel – 1300 85 61 81
www.icb.org.au
Bookkeepers helping Bookkeepers helping Businesses
JobKeeper: The temporary impacts of JobKeeper are not included.
Budget 2020/2021: The Federal and State Budgets have been deferred until later in 2020.
Compliance Bookkeeper Deadlines
Dates | Relevance | Activity |
21st |
Every Month |
- Monthly BAS, PAYG, IAS payments
|
15 January |
Lrg/Med Taxpayers |
- Key date for lodgement of Income tax returns for non-individuals if return not required earlier i.e. 1 December
|
28 January |
Qtr 2 (Oct to Dec) |
- Superannuation guarantee to be paid to super funds and provide advice to employees
|
28 February |
Qrt 2 (Oct to Dec) |
|
28 February |
Annual GST Return |
- Key date for lodgement & payment in some circumstances
|
28 February |
Companies & Superfunds |
- Lodgement and payment if not required earlier
|
31 March |
Year 1 April to 31 March |
- Provide car odometer readings for FBT calculations
|
28 April |
Qtr 3 (Jan to Mar) |
- BAS – lodge and pay
- Superannuation guarantee to be paid to superfunds and provide advice to employees
|
21 May |
FBT yr end 31 Mar |
- Lodgement and payment of FBT return
|
Pre 30 June |
Qtr 4 (Apr to Jun) |
- Pay Superannuation guarantee before 30 June in order to obtain tax deduction
|
14 July |
Financial Year |
|
28 July |
Qtr 4 (Apr to Jun) |
- BAS – lodge and pay
- Superannuation guarantee to be paid to superfunds and provide advice to employees
|
21 August |
GST Instalment Choice |
- Final date for monthly GST reporters to elect to lodge annually
|
28 August |
Financial Year |
|
30 September |
Financial Year |
- Payment Summaries to be provided to ATO – if required
|
21 October |
PAYG Instalment |
- Annual PAYG Instalment vary rate, lodge and pay
|
28 October |
Qtr 1 (Jul to Sep) |
- BAS – lodge and pay
- Superannuation guarantee to be paid to superfunds and provide advice to employees
|
28 October |
GST Instalment Choice |
- Final date for quarterly GST reporters to elect to lodge annually
|
31 October |
Financial Year |
- Income tax returns due (if no tax agent)
|
1 December |
Financial Year |
- Key date for payment of income tax for previous year.
Check with tax agent.
|
Marginal Tax Rates 2019–2020 (+Medicare)
Taxable Income | Tax Payable |
$0 – $18,200 |
Nil |
$18,201 – $37,000 |
Nil + 19% of excess over $18,200 |
$37,001 – $90,000 |
$3,572 + 32.5% of excess over $37,000 |
$90,001 – $180,000 |
$20,797 + 37% of excess over $90,000 |
$180,001+ |
$54,097 + 45% of excess over $180,000 |
Public Holidays 2020–2021
Date | Holiday | State |
2020 |
3rd August |
Bank Holiday |
NSW |
Picnic Day |
NT |
25th September |
AFL Grand Final Day |
VIC |
28th September |
Queen’s Birthday |
WA |
5th October |
Labour Day |
ACT, NSW, SA |
Queen’s Birthday |
QLD |
3rd November |
Melbourne Cup |
VIC |
Christmas Eve (Part day) |
24th December |
NT, SA |
Christmas Day |
25th December |
National |
26th December |
Boxing Day |
NSW, QLD, VIC, WA |
Proclamation Day |
SA |
28th December |
Boxing Day Holiday |
National except SA |
31st December |
New Year’s Eve (Part day) |
NT, SA |
2021 |
1st January |
New Year’s Day |
National |
26th January |
Australia Day |
National |
1st March |
Labour Day |
WA |
8th March |
Canberra Day |
ACT |
March Public Holiday |
SA |
Eight Hours Day |
TAS |
Labour Day |
VIC |
2nd April |
Good Friday |
National |
3rd April |
Easter Saturday |
All except TAS & WA |
4th April |
Easter Sunday |
ACT, NSW, QLD, VIC |
5th April |
Easter Monday |
National |
6th April |
Easter Tuesday |
TAS |
25th April |
ANZAC Day |
National except ACT & QLD |
26th April |
ANZAC Day (Additional day) |
ACT, NT, QLD, SA, WA |
3rd May |
May Day |
NT |
Labour Day |
QLD |
31st May |
Reconciliation Day |
ACT |
7th June |
Western Australia Day |
WA |
14th June |
Queen’s Birthday |
All except QLD & WA |
School Holidays 2020–2021
State | Term 3 2020 | Term 4 2020 | Term 1 2021 | Term 2 2021 | Term 3 2021 | Term 4 2021 |
ACT |
20 Jul – 25 Sep |
12 Oct – 18 Dec |
1 Feb – 1 Apr |
19 Apr – 25 Jun |
12 Jul – 17 Sep |
5 Oct – 17 Dec |
NSW |
20 Jul – 25 Sep |
12 Oct – 18 Dec |
27 Jan – 1 Apr |
29 Apr – 5 Jul |
12 Jul – 17 Sep |
5 Oct – 17 Dec |
NT |
21 Jul – 25 Sep |
12 Oct – 18 Dec |
1 Feb – 9 Apr |
23 Apr – 28 Jun |
20 Jul – 24 Sep |
11 Oct – 16 Dec |
QLD |
13 Jul – 18 Sep |
6 Oct – 11 Dec |
27 Jan – 1 Apr |
23 Apr – 28 Jun |
12 Jul – 17 Sep |
5 Oct – 10 Dec |
SA |
20 Jul – 25 Sep |
12 Oct – 11 Dec |
27 Jan – 9 Apr |
29 Apr – 5 Jul |
19 Jul – 24 Sep |
11 Oct – 10 Dec |
TAS |
20 Jul – 25 Sep |
12 Oct – 17 Dec |
3 Feb – 9 Apr |
30 Apr – 6 Jul |
20 Jul – 24 Sep |
11 Oct – 16 Dec |
VIC |
13 Jul – 18 Sep |
5 Oct – 18 Dec |
27 Jan – 1 Apr |
23 Apr – 28 Jun |
12 Jul – 17 Sep |
4 Oct – 17 Dec |
WA |
20 Jul – 25 Sep |
12 Oct – 17 Dec |
1 Feb – 1 Apr |
29 Apr – 5 Jul |
19 Jul – 24 Sep |
11 Oct – 16 Dec |
Payroll Tax
Payroll Tax Thresholds 2020–2021
State | Wage Thresholds | Rate |
Annual | Monthly |
ACT |
$2,000,000 |
$166,667 |
6.85% |
NSW |
$1,000,000 |
$83,333* |
5.45% |
SA |
$1,500,000 |
$125,000 |
0%–4.95% |
WA |
$1,000,000 |
$83,333 |
5.50% |
QLD |
$1,300,000 |
$108,333 |
4.75% |
NT |
$1,500,000 |
$125,000 |
5.50% |
TAS |
$1,250,000–$2m |
$106,164 |
4.00% |
$2,000,000+ |
$169,863 |
6.10% |
VIC |
$650,000 |
$54,166 |
4.85% |
Payroll Tax: www.payrolltax.gov.au/harmonisation/payroll-tax-rates-and-thresholds
Most states have provided Payroll Tax Relief or deferral in response to COVID-19
* Specific rules apply to these items – check the state PTX websites
ATO Rates and Thresholds 2020–2021
Type Asset | Threshold | Conditions |
Capital Acquisitions SME System |
>$100 (Inc GST) <$30,000 (Ex GST) <$150,000 (Ex GST)
|
<$300 12 March COVID-19 stimulus package |
Superannuation |
$450 per month ($350 for Hospitality) |
9.50% |
Car Limit Fuel Efficient Car Limit Luxury Tax |
$57,581 $75,526 $67,525 |
$5,234 max GST |
Wage Tax Free Annual Threshold |
$18,200 |
|
Type Super | Threshold | Conditions |
Superannuation |
Maximum Contribution Base for Super Guarantee
Concessional contributions |
Per Quarter: $57,090
$25,000 All ages |
Motor Vehicles (Non-Rotary Engine) |
Flat rate |
72c per km |
Typical Tax Code Usage
Tax Code | BAS | Simpler BAS | Description | Typical Uses |
GST |
G1 G11 |
G1/1A 1B only |
Goods and Services Tax |
- GST transactions where claimable by the business
|
ITS INP |
G4 |
G1 only |
Input Taxed Sales |
- Interest Income
- Residential rent received
|
EXP |
G2 |
G1 |
Export Sales |
- Sales to overseas customers
|
Tax Codes Info: icb.org.au/Resources/GST--BAS/Comparing-Tax-Codes-in-Software
Allowances
Allowance Type | PAYG | Super | STP Field |
Working Conditions, Qualifications or Special Duties |
- Site, danger, crib, shift
|
Yes |
Yes |
Gross |
- Trade, first aid, safety and other
|
Yes |
Yes |
Gross |
- Higher duty ie leading hand, acting foreman
|
Yes |
Yes |
Gross |
On Call Allowance |
|
Yes |
Yes |
Gross |
- Worked outside normal hours
|
Yes |
No |
Gross |
Travel, Meals, Car Allowance |
- Travel - part day - no overnight away from home
|
Yes |
Yes |
Gross |
- Meals (not covered by Award)
|
Yes |
Yes |
Gross |
- Car - home to work (cents per km can apply)
|
Yes |
Yes |
Gross |
Tools/Uniform |
|
Yes |
No |
Other |
|
Yes |
No |
Other |
- Compulsory uniform or dry cleaning
|
Yes |
No |
Other |
Travel - Motor Vehicle |
- Motor vehicle related travel
|
Yes |
No |
Other |
- Travel cents per km ATO rate or up to 5,000km
|
No |
No |
Car |
- Travel cents per km amount OVER ATO rate or OVER 5,000km
|
Yes |
No |
Car |
Award Transport |
|
Yes |
Yes |
Transport |
- Un-deductible at year end
|
Yes |
Yes |
Gross |
Laundry |
|
No |
No |
Laundry |
|
Yes |
No |
Laundry |
Award Overtime Meal Allowance |
|
No |
No |
No |
|
Yes |
No |
Meals |
Travel Overseas or Domestic (Overnight Stay) |
|
No |
No |
No |
|
Yes |
No |
Travel |
|
Yes |
No |
Travel |
BAS Agent Only Services
Only BAS Agents and Tax Agents can provide BAS services of:
- Advice and lodgement of PAYG Withholding, BAS, TPAR and SGC Statement
Are you being relied on to give the client confidence that their BAS provision obligations are being met? Then YES you are providing a BAS Service.
If you ask questions of others for interpretation or explanation of the system then NO you aren’t being relied on and you aren’t providing a BAS Service. Unless you are a registered agent or an employee of the business you may not complete or lodge a client’s BAS.
National Fair Work Standards for Payroll
Standard | Hours/Days/Weeks | Conditions |
Maximum Weekly Hours |
38 hours |
+ Additional hours if required, paid as per award or agreement |
Parental Unpaid Leave |
Up to 12 months |
|
Annual Leave |
4 weeks / 152 hours (38wk) |
Additional week for certain shift workers
Unused annual leave accrual will carry over to next payroll year
|
Personal Leave / Carers Leave |
10 days
+2 days unpaid carers leave (if required)
|
|
Family and Domestic Violence Leave |
5 Days |
Unpaid leave |
Compassionate Leave |
2 days paid each time family / household member dies. Separate to Personal Leave |
Unpaid for casuals |
Long Service Leave |
As per State legislation and relevant award |
States provide for ability to pay out LSL pro-rata after certain amount of service; refer to State guidelines for detail |
Community Service Leave |
Up to 10 days jury service. Unpaid leave for voluntary emergency service |
|
Notice of Termination |
Up to 4 weeks (5 weeks if over 45 and 2 years continuous service) |
Based on length of service |
Redundancy Pay |
Up to 16 weeks |
Based on length of service |
Provide Fair Work Information Statement to any New Employee |
www.fairwork.gov.au/employee-entitlements/national-employment-standards/fair-work-information-statement |
Paid Parental Leave |
Up to 18 weeks |
Government funded DHS
$753.80 per week before tax
|
Fair Work Minimum Wage |
$19.84 per hour |
$753.80 per week |
Starting Employment Kit

Reference icb.org.au/Resources/Payroll/New-Employee-Guide for complete checklist
Reference icb.org.au/Resources/Payroll for all things payroll
All Employees
For any queries relating to pay rates, conditions, allowances, terminations, entitlements and so on, you must refer to the Industrial Instrument, (i.e., Modern Award or EBA), Fair Work Ombudsman and State Body
ICB Resources