SuperStream for ALL Employers from July 2016

From 1st July 2016 all employers in Australia will have to be "SuperStream ready", meaning that they have set up a system for processing superannuation data and payments electronically that meets the SuperStream standard, and are ready to make contributions through this system.

Employers with more than 19 employees would already be using the SuperStream standard, either through their payroll system, employer superfund, an online clearing house or a messaging portal, however, the exemption for small businesses (19 and fewer employees) will expire on 30th June 2016.

For more information on the SuperStream standard, and how to set up a free clearing house account through the Small Business Superannuation Clearing House (SBSCH), please visit ATO website.

If you have any questions about SuperStream, electronic service address for your SMSF or whether you are an exempt employer, please email our office with your inquiries.