Salary Sacrifice Company Data Sharing

I was talking to a friend who was considering doing salary sacrifice through their employer (via a provider Smartsalary or Salary Solutions or similar) and they were curious about how much data sharing there is between these companies and others like Banks/Veda/ATO/Other Govt agencies?
Anyone got any idea?

 

That should be outlined in the contract terms and conditions I would guess.

Smartsalary terms and conditions | Smartsalary

 

I'd say it would be safe to assume that the ATO, like God, is all knowing. The others I don't know about.

 

And here too: Privacy Policy

 

With Single Touch Payroll its full on data sharing in REAL TIME. The ATO know things before the employee gets their payslip. But thats it. The ATO can share with other agencies but its quite limited but Centrelink are getting more access. Privacy policies dont apply to the ATO receiving data. Its an obligation. Statutory protections deal with the ATO keeping all that information secure.

Banks and third parties etc receive jack. Nada nil zilch. Payroll & HR is generally so locked down its not funny.

 

Thanks for all your comments. Ive always found somethings funny about FBT and Salary Sacrifice like some things are non reportable so does this mean ATO, centrelink, childsupport whatever dont know this exists as its not reported or put on your group certificate?
With the single touch payroll does the ATO (and presumably centrelink etc) get the same info as your payslip or just the taxable income and tax withheld? This could make a huge difference for someone who is salsaccing lots of their pay.
On another slightly different point with banks being super twitchy on living expenses i wonder if they are looking at the meals and entertainment and other special sal sac cards people may run there expenses through.

 

Under STP the ATO get a bit of info including gross, pre-tax deductions, reportable super and reportable fringe benefits (these two items are reported at year end) and tax paid and concessional super

Centrelink do get LIMITED STP data from the ATO in real time. Its used to identify fraud and stop payments in real time now and from July will get worse.
Federal Budget 2019: Centrelink recipients feel the whip of data matching
Otherwise Centrelink rely on the ATO Adjusted Taxable Income data when a return is lodged as that is the correct value for entitlements.

DHS now also get real time tracking of people who depart the country. If you dont tell DHS they cut many pensions when you leave after 2 weeks. Ditto students who depart with HELP debts. They can be refused departure too. Same with parents with child support debt arrears.

 

Those with reportable fringe benefits may be able to explain the issue to the lender. They may (?) reduce living expenses under HEM if its paid by other proven means. Some lenders will just ignore it and its tough luck.