New Rules On Your Payment Summary (Group Certificate)

Employers have to give employees a summary of their income for the past year at the end of each financial year (EOFY). This is ‘payment summary’, also known as ‘group certificate’ or ‘pay as you go (PAYG) payment summary’.

Payment summaries are required by the Australian Taxation Office (ATO) for record-keeping.

Currently, payment summaries are required to be issued to employees by 14 July — covering earnings in the previous year to 30 June.

The employer should lodge the information with the Tax Office, which allows the release of electronic information to myTax for taxpayers who lodge their own tax return online.

Those without a tax agent have to lodge their tax returns on or before the 31 October. Otherwise, most registered tax agents have a special lodgment program and can lodge returns for their clients after the usual October 31 deadline.

Part-year payment summaries

Employee leaving before the end of the financial year (30 June) may request a part-year payment summary be issued before the deadline (14 July).

The request must be in writing and made before 9 June, 21 days before the EOFY.

Employer has to provide the payment summary within 14 days, unless the employee has received a reportable fringe benefit — calculated at the end of the fringe benefits tax (FBT) year (31 March).

New rules on payment summaries

The way you get your payment summary is changing. Depending on how your employer reports your income, tax, and super information to ATO, you will be provided with either:

  • Income statement — if employers report their employees’ income, tax, and super information through Single Touch Payroll (STP), they are no longer required to give payment summaries to employees. This information will be made available through ATO online services via myGov and finalised by 31 July.
  • Payment summary — employers will continue to provide payment summaries by 14 July if they haven’t adopted the STP reporting system yet.

Chase up your employer if you haven’t received your payment summary by the due date, as advised by the Tax Office.

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Single Touch Payroll

Single Touch Payroll works by sending tax and super information from the accounting or payroll software to the ATO. STP reporting is currently available through accounting, payroll, and business management software. STP-enabled products are now offered by most software providers.

Most employers are now required to report your income, tax, and super information directly to ATO each payday via STP — which will phase out payment summaries.

STP applies to employers who have:

  • at least 20 employees (required to adopt from 1 July 2018)
  • 19 or less employees (required to adopt from 1 July 2019).

All employers will eventually adopt the STP reporting system, so all your relevant information can be found in one place. Tax agents will also have online access to this information.

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No credit loans in Australia

Short on cash this month or in need of a financial boost — but you have a bad credit history or no credit history at all?

You can find yourself without a substantial credit history for all sorts of reasons.

At Cigno, you can apply online for bad credit loans via their quick application.

Cigno is a responsible lender and may ask you for other personal identification to ensure that you qualify. This may include:

  • Passport Number
  • Drivers Licence
  • Proof of Age card
  • Birth certificate, etc.

Note: Bank Accounts must be in your name and cannot be for online savings accounts or online only accounts.


Ordered by the Federal Court of Australia

The Federal Court of Australia has found that Cigno Australia Pty Ltd (Cigno Australia) and BSF Solutions Pty Ltd (BSF Solutions) have breached the law by engaging in unlicensed credit activity and charging prohibited fees.

In the period from July 2022 to 3 October 2023, over 100,000 consumers have been lent a total of $34 million, and charged fees of over $70 million, under the ‘No Upfront Charge Loan Model’ operated by BSF Solutions and Cigno Australia. At no time has either BSF Solutions or Cigno Australia held an Australian Credit Licence.

The Court also found that Mark Swanepoel (director of Cigno Australia) and Brenton James Harrison (director of BSF Solutions) were involved in these breaches of the law.

With effect from 24 May 2024, the Court has granted permanent injunctions preventing Cigno Australia and BSF Solutions from:

  • demanding, receiving or accepting fees or charges, including amounts of loan principal, from consumers in relation to credit provided under the ‘No Upfront Charge Model’; and
  • engaging in further credit activity pursuant to the ‘No Upfront Charge Loan Model’, including by entering into new agreements with consumers, for so long as they do not hold an Australian Credit Licence.

Cigno Australia was ordered by the Court to, by 5th July 2024, send written communications to consumers who between July 2022 and December 2022 entered into agreements with Cigno Australia and BSF Solutions under the ‘No Upfront Charge Loan Model’.

The Court will later determine whether (among other things) Cigno Australia and Mark Swanepoel ought to pay a pecuniary penalty in respect of this conduct, and whether Mark Swanepoel should be restrained from carrying on a business engaging in credit activity.

Cigno Australia, BSF Solutions, Mr Swanepoel and Mr Harrison intend to appeal the decision of the Court and have filed an application for leave to appeal. If the appeal is successful, some or all of the orders of the Federal Court of Australia may be set aside.

Where can you get more information?

Where to go for further support

You can access legal advice in your state at: Free legal advice –

If you are experiencing trouble with debt, or money worries in general, contact:

  • the National Debt Helpline on 1800 007 007 or online chat (9:30am to 4.30pm, Monday to Friday).

If you need someone to talk to, contact:

  • Lifeline on 13 11 14 (24 hours) or their crisis support online chat or
  • Beyond Blue on 1300 22 46 36 (24 hours) or their webchat