Small business now has until 28th October to become SuperStream compliant.
Solutions that can be used to become compliant include upgrading payroll software, using a super fund’s online system, a messaging portal, or using a clearing house.
The ATO's Small Business Superannuation Clearing House (SBSCH) is a free solution for small business clients to comply with SuperStream. It is a consistent, simple way to send super payments electronically in a standard format, saving time and money.
If you require any assistance in relation to SuperStream please contact Toni Brunsgard of our office on 9387 5637.
For more information see:
Please Note: Many of the comments in this article are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances.