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.
Businesses with 20 or more employees needed to implement Superstream by 30th June 2015. Businesses with 19 or fewer employees may start implementing Superstream from the 1st of July 2015 and need to meet the requirements by the 30th June 2016.
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