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Super Stream Deadline Approaches

Sep 24, 2015

31 October Deadline...

... but only for employers with 20 or more employees

You need to be using SuperStream no later than 31 October 2015.

There's not much on the employer checklist - but you need to start!

1. Choose an option

 To be SuperStream compliant  you need to pay super electronically.  Choose the option that suits your business and check that it's SuperStream-ready.

  • 1. Super fund services

Large super funds have online payment services you can use. Check with your fund.

  • 2. Super clearing house

A clearing house pays super to your employees' funds for you. You make a single payment to the clearing house and they do the rest.

You can also choose from several commercial options. Your super fund may have a clearing house you can use. Talk to your fund to see what they offer.

  • 3. Payroll system

If you use a payroll system, check with your system provider that it is SuperStream ready. You may need to update your system.

  Accountant or bookkeeper services

You can also ask your bookkeeper to handle your super payments, using one of the options above.

Remember : Even though others may pay super for your employees, you're still responsible to ensure they pay it correctly.

2. Collect information

 You'll need to collect some information from your employees. Once you've got the information, enter it into your system and you're ready to start using SuperStream.

3. Use SuperStream

Start using SuperStream well before the deadline. This will allow you to enjoy the benefits sooner and ensure everything is running smoothly.

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