Getting ready for SuperStream

What is SuperStream?

SuperStream is a government reform aimed at improving the efficiency of the superannuation system.

Under SuperStream, employers must make super contributions on behalf of their employees by submitting data and payments electronically in a consistent and simplified manner.

19 or fewer employees: If you have 19 or fewer employees (small employer), SuperStream starts from 1 July 2015. You have until 30 June 2016 to meet the SuperStream requirements when sending superannuation contributions on behalf of your employees

Employers have options for meeting SuperStream – either using software that conforms to SuperStream; or using a service provider who can meet SuperStream on your behalf. We recommend that you start investigating your options now.

For further information see the ATO Employer FAQs here https://www.ato.gov.au/Super/SuperStream/In-detail/Contributions/Employer-FAQs-Getting-ready-for-SuperStream/

Or watch this short video

https://www.youtube.com/watch?v=-nL7rknAoxI&utm_source=Responsys&utm_medium=Email&utm_campaign=BD_CR_AU_20150615_eofy2015-au_UPWB_June_NL&rid=74803523&custid=1-4TI-5673#1-50Q-2228