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 services.
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.
The reporting requirements will apply from 1 July 2019, with the first annual report required in August 2020.