Budget 2018 update – Reportable payments system extended: security providers, road freight transport and computer design

The Government will extend the taxable payments reporting system (TPRS) to the following industries:

  • security providers and investigation services;
  • road freight transport; and
  • computer system design and related service

This will extend the TPRS requirements already applying to the building and construction industry.

The TPRS requirements will also be extended, from 1 July 2018, to the cleaning and courier industries under measures contained in the Treasury Laws Amendment (Black Economy Taskforce Measures No 1) Bill 2018 (see 2018 WTB 6 [148]).

Date of effect

The reporting requirements will apply from 1 July 2019 (ie next year), with the first annual report required in August 2020.

Source: Budget Paper No 2 [p 22]

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