SuperStream – simplifying employer contributions.
There are over 800,000 Australian employers who are required to make super guarantee contributions on behalf of their employees.
For many, this can be a complex process, with multiple superannuation funds to contribute to – each with their own specifications for accepting the contributions data and payments.
From 1 July 2014:
Employers with 20 or more employees started making contributions using SuperStream – they have up to 12 months to make the change.
From 1 July 2015:
Small employers (with 19 or fewer employees) will start making contributions using SuperStream – they will have up to 12 months to make the change.
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