News & Tips

SuperStream Ready? - 19.08.15

Is your business compliant with the Governments new SuperStream reforms? admintechniQs pty ltd can help you save time and money by getting your business up to date with all of the Governments reforms for 2015.
SuperStream is a government reform aimed at improving the efficiency of the superannuation system. Under SuperStream, employers must make super contributions on behalf of their employees by submitting data and payments electronically in a consistent and simplified manner. The benefit of SuperStream for employers include:

• The opportunity to use a single channel when dealing with super funds, regardless of how many funds your employees contribute to.
• Less time spent dealing with employee data issues and fund queries.
• Greater automation and reduced cost of processing contributions and payments.
• More timely flow of information and money in meeting your superannuation obligations.

Businesses that have less than 20 employees  and turn over less than $2 million as at June 2014 are required to be SuperStream ready by June 2016. All other businesses must be fully compliant by 31 October 2015.

Why wait till the last minute to become SuperStream ready. Save time and money by letting the team at admintechniQs pty ltd get you ready NOW!

For more information check out the ATO website or Give Pam a call on 0417133144