19 October 2016
Using SuperStream for employer superannuation payments
Members are reminded that all employers are now obliged to make employer superannuation contributions on behalf of employees via a SuperStream-compliant method. This obligation has been in place since 30 June 2016 (earlier for many businesses) but the Australian Taxation Office has allowed “compliance flexibility” for small businesses until 28 October 2016.
Businesses can provide SuperStream-compliant contribution data in a number of different ways, including through their payroll system (all major commercial payroll systems offer a compliant version), through their super fund’s online system, through a superannuation clearing house, or through a messaging portal.
More information on SuperStream requirements is available at this page on the ATO website. Employers with 19 or fewer employees are entitled to use the Government’s Small Business Superannuation Clearing House for free.