Overview

A finalisation event is the last STP submission you lodge for an employer in a financial year. It tells the ATO that the year-to-date figures you've been reporting all year are now final, which makes employee income statements available in myGov.

Under the ATO's Single Touch Payroll rules, you must lodge a finalisation event for each employee by 14 July following the end of the financial year (1 July – 30 June).

When to Finalise

  • After the last pay event for the financial year has been lodged and accepted
  • Before 14 July to meet the ATO deadline
  • For each employer separately
  • Once all YTD totals are correct — review the YTD Summary first

You finalise per employer per financial year. If you have multiple employers, you'll need to lodge a separate finalisation for each.

Creating a Finalisation Event

  1. Go to YTD Summary for the employer
  2. Confirm the year-to-date figures are accurate for every employee
  3. Click Finalise EOFY, choose the financial year, and review the list of employees being finalised
  4. Click Create Finalisation Event — this generates a draft finalisation pay event
  5. Review the draft, then Submit to ATO like any other pay event

The finalisation event reuses the latest YTD totals for each employee, so any corrections you've made via update events will flow through automatically.

What Gets Submitted

A finalisation event is a PAYEVNT.0004 message with the Final Indicator set to true for every included employee. It contains:

  • Each employee's final YTD totals (gross, PAYG, super, allowances, etc.)
  • The employer payment summary for the financial year
  • The finalisation flag that releases income statements in myGov

No new pay period is reported — finalisation only re-states the cumulative YTD figures.

Reviewing Before You Submit

Before submitting the finalisation, double-check:

  • All pay events for the FY have been accepted by the ATO
  • YTD figures match your payroll records — gross, PAYG, super, and allowances
  • No employees are missing from the list (e.g., terminated employees still need to be finalised)
  • TFN and personal details are correct for each employee

If anything is wrong, fix it via an update event before finalising.

After Finalisation

Once the ATO accepts the finalisation event:

  • Employees can see their finalised income statements in myGov (usually within a few business days)
  • The pay event is marked as a finalisation event in the Submissions list
  • You cannot create another finalisation for the same employer + FY without an update first

Corrections After Finalisation

If you need to correct figures after finalising, lodge an update event for the affected employees, then create a new finalisation event for the same financial year. The update + new finalisation will replace the previous figures in myGov.

Important Notes

  • The 14 July deadline is set by the ATO — late finalisation may attract penalties
  • You can only finalise an employer once per financial year (unless updating)
  • Closely held payees have different finalisation deadlines — check ATO guidance
  • Always submit to the ATO after creating the draft — creating a finalisation event alone does not lodge it