Does your reporting date fall between 7 and 18 December 2020?

10 November 2020

You may need to make a one-off calculation when you report due to changes to income reporting.

From 7 December 2020, the way you report your employment income is changing.

This change means you may need to make a one-off calculation when reporting between 7 and 18 December 2020. This will make sure you don’t report the same income twice.

You’ll need to do this one-off calculation if both of the following apply:

  • you reported earned employment income for a period before 7 December 2020
  • your employer paid you the income after 7 December 2020.

We have an online calculator you can use to help you make this one-off calculation.

You won’t need to use this calculator if you report using either your:

Our online services will help you make this one-off calculation.

Example

Your last reporting day was 1 December 2020. On this day you reported the income you earned between 18 November and 1 December.

You did this because under the old rules you reported income you earned, that your employer hadn’t paid you yet.

On 10 December, your employer paid you $800 gross for the period 27 November to 10 December.

So that you don’t report the income you earned between 27 November and 1 December twice, you need to do a one-off calculation.

Do this by adding up how much you earned between 27 November and 1 December. Take this amount away from the gross amount your employer paid you on 10 December.

The calculation would look like this:

  •    $800 of gross income paid to you
  • - $200 of earned income you reported on 1 December
  • = $600 which you report on 15 December.

This is a calculation you’ll only do once, for your reporting period that includes 7 December 2020.

Next steps

For more information, read about:

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Page last updated: 11 November 2020