Oly is here to help

Got questions? Oly’s got answers!

These FAQs are here help you transition to the new Oly Business hub.

Please find below the key operational differences between the legacy platform and the Oly Business hub, including the process changes that you will need to make as an employer.

The Oly Business Hub provides you with:

Streamlined payroll processing with less manual input
Improved accuracy with automated deductions
Simplified BAS reporting (no separate Input tax credit and GST on employee contribution method reports required)
Access to all reports via the Oly Business Hub
Enhanced security, visibility and control through user roles

General questions

How do I access to the Oly Business hub?

As an Employer, your team will have individual logins with role-based access, allowing you to assign permissions across payroll, HR, and authorised contacts. The Oly Business Hub supports a multi-factor authentication login, providing an additional level of security for your business.

Where can I find the reports, I need?

All reports are now securely housed in the Oly Business Hub under reports and are accessible on when needed.

What happens to the payroll adjustments & deduction process?

The ‘Novated Lease Report’ is now called the ‘Payroll Adjustment Summary’. The Payroll Adjustment Summary will be available in the Oly Business Hub 3 days prior to each pay cycle.

Manual payroll deductions and deduction listings are no longer required. Instead, employee deductions will now be paid automatically via direct debit on the nominated pay cycle date. The employee deductions now include the GST (ITC component) within the total.

What is the GST & Input Tax Credit (ITC) process?

In the Oly Business Hub input tax credit (ITC) will transition from being calculated on actual spend to a projection and it will be included in each employee deduction.

After each employee deduction, an invoice will be provided, detailing the total deduction amount and the GST (ITC) component. This GST amount can now be claimed directly in your BAS, removing the need for monthly ITC reports.

Input tax credit reconciliation reports will be available via the Oly Business Hub throughout the lease term to ensure projections remain aligned with actual amounts.

What is the GST on Employee Contribution Method (ECM) process?

All GST on ECM will be collected within the employee deduction and remitted back to you on a quarterly basis. GST on ECM reports will be available via the Oly Business Hub in line with these payments.

What a happens with the Fringe Benefits Tax (FBT) reporting?

Annual FBT reporting will be simplified into a single report, which will be available via the Oly Business Hub at the end of the FBT year.