ATO reminder about 30 June SuperStream deadline
SuperStream is the standardisation of how employers make super contributions on behalf of their employees, and involves employers sending all super payments and employee information electronically in a standard format.
Using it is mandatory.
Note: Unless the employer and the SMSF are related parties . . .
Options for becoming 'SuperStream ready' include using:
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a payroll system that meets the SuperStream standard;
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a super fund’s online system; or
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a messaging portal or a super clearing house like the ATO’s Small Business Super Clearing House (SBSCH).
The SBSCH is a free, optional service for small business with 19 or fewer employees, as well as businesses with an annual aggregated turnover of $2 million or less.
If you’re worried you won’t be able to use SuperStream as you don’t operate electronically, there is a SuperStream option to suit every business, including using third parties to pay your super using SuperStream on your behalf.
If you have any questions, please contact us on 02 9318 6400 and we'll help you out.