Are you SuperStream compliant

Are you SuperStream Compliant?

Employers, are you SuperStream compliant? With only 15 days until the end of the financial year, as an employer, you need to ensure you are complying with the new SuperStream rules for employee super contributions. Super contributions made after 1st July, 2016 Any superannuation contributions made post 1st July, 2016 need to be: Reported electronically. Paper contribution forms are no longer an option. MUST be paid electronically. Cheque payments are not…

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Australian Federal Budget 2019

Is your self managed super fund SuperStream ready?

From 31st October 2015, employers with 20 or more employees need to comply with SuperStream standards. This means employers will have to process employee contributions via electronic payment. If you have a SMSF, you need to get SuperStream ready and make sure that your fund is able to receive payments from your employer under the SuperStream standards.

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