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Get started now so you are ready by 30 June
If you are an employer it’s important you know about some changes in the way you pay super and that you take action now.
All employers need to use SuperStream when paying super. This means paying super and sending employee information electronically in a standard format.
If you are not already paying super using SuperStream it’s important you get started soon. The next quarterly super payment cycle is due in April and that is a good opportunity for you to start using SuperStream so you can ensure everything is in place by the 30 June 2016 deadline.
What you need to do:
There are a number of options you can choose to implement SuperStream. Depending on what works best for your business you can choose to use:
– your super fund’s online system
– a clearing house
– a payroll system that is SuperStream ready
– a messaging portal.
The ATO also offers the Small Business Superannuation Clearing House as a free online service that you can use. If you are already using this service you can rest easy that you are SuperStream ready.
Get Started with the SuperStream employer Checklist: Step by Step Guide