10 Weeks until SuperStream compliance! - 14.04.16

Act NOW!! This is a PRIORITY!!

SGC Super must be paid via a superannuation clearing house

from 1 July 2016

More than 60% of all Australia’s small businesses are already on board with SuperStream. If your business is not one of them, you’ve got just 10 weeks remaining to get it done.

With the 30 June 2016 rapidly approaching, the Australian Taxation Office (ATO) is encouraging small businesses to make becoming SuperStream ready a priority.

SuperStream – the standardisation of how employers make super contributions on behalf of their employees – involves employers sending all super payments and employee information electronically in a standard format.

Deputy Commissioner James O’Halloran says now is the time for employers dwelling on SuperStream to make it number one on their to-do list.

“By taking action, now employers can use the coming months to set up SuperStream. This will ensure things are running smoothly in you will be able to avoid any last minute stress as the 30 June deadline approaches.”

If you need any help setting up, admintechniQs can help you get it right!

The ATO has provided employers and employees with all relevant information on their website