SuperStream update

Clients are reminded that the SuperStream system is now in full swing. This is a system which requires employers to pay and report details of superannuation contributions electronically. The introduction of SuperStream has had its delays, but all employers must now be compliant. The system commenced on 1st July 2015 for smaller employers (19 or fewer employees) although they have until 30th June 2016 to be fully compliant. Some employers have been using their payroll packages to report details of contributions. Employers with 19 or fewer employees are able to use the ATO’s Small Business Clearing House, which is a free service. Further information is available from the ATO here or by contacting our office.

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