When you are ready to finalise employee payments for the year, you can complete a final pay event.
To be exempt from completing an annual payment summary you need to submit a final pay event. See the ATO's guidance on final pay events.
To submit a final STP pay event, do either of the following:
a) on the last pay run of the year, change the "final pay event for financial year" to "true"
b) complete a "full year submit"
The STP submission below shows the "final pay event for financial year" set to "True":
Once you successfully submit the STP event, the employee's my.gov account is updated to show a "Tax ready" status:
If you identify the need to amend details after making a finalisation declaration (i.e. Final pay event) you should submit these as soon as possible. You can do this by submitting an update event.
Note: If you have incorrectly submitted an final pay event, then submit a new STP submission with the final indicator removed. This will advise the ATO the current information is not final and should not be used to pre-fill tax returns.
Note: If you are transitioning between job types you will need to do a Final Full Submission for the current CAC (eg VA). Future submissions for the new job type (eg CVL) will be submitted under the new CAC.