Study and training support loans (STSL)

Effective from the 1st of July 2019 the Australian Taxation Office (ATO) combined the tax scales of several educational assistance loan types into a broader category known as Study and training support loans (STSL).

The following loan types are affected in Reckon Accounts.

  1. HELP
  2. SFSS

Accordingly, HELP and SFSS tax calculations have been updated to reflect this change in Reckon Accounts Plus, Premier, Enterprise and Hosted from 2019 R2 onward.

You do not need to make any further changes in Reckon Accounts and can continue to choose HELP/SFSS if they apply to your employees.

For more information on STSL please visit the ATO website

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