Are you prepared for the upcoming deadline of 30 June 2016 for all businesses who make superannuation contributions on behalf of employees (including owners) to be Super Stream compliant?
Under Super Stream, employers must make super contributions by submitting data and payments electronically.
The ATO offers its own clearing house which has the advantage of same day clearances. Transfers via other methods may have to be made earlier to ensure they have time to clear.
The ATO’s Employer Checklist: A Step By Step Guide provides additional information in relation to Super Stream.
If you need some assistance in becoming Super Stream ready before 30 June, please contact Toni Brunsgard of our office who will be able to assist.