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“The extended terms of the scheme provide small businesses more affordable credit over a longer period so they can invest in their future.”
Legislation has passed requiring Australian businesses with 19 or less employees to report payroll data directly to the ATO with each pay run from 1 July 2019.
The AIST hopes the legislation will lead to a decline in the estimated $3.6 billion of unpaid superannuation each year.
Nearly 7,000 small businesses set to benefit
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