Are you super stream ready?
Not sure what is super stream or how to set it up?
From 30th June 2016, the government requires employees’ superannuation to be paid via a superannuation clearing house. Direct payment to employees’ superannuation funds will no longer be possible.
With super stream, you will be paying the total of employee super to the clearing house, it will then distribute the payment to each superannuation fund account as per the details specified by you in their system.
The government small business super clearing house is available for small businesses at no cost.
Xero* and MYOB Account Right Live have also provided the super stream functionality to enable you to pay employee superannuation direct from the software.
Below are links to videos to help you in getting super stream up and running. Please contact your account manager if you have any queries or need any help
MYOB Superannuation
Xero Superannuation
https://player.vimeo.com/video/60050140
Small Business Superannuation Clearing House
The ATO has created six videos to guide you on how to use the small business superannuation clearing house system . Click on the menu to select the video from the playlist
https://www.youtube.com/watch?v=jOUBiOEB98s&list=PL5-ESUNqws-NXzhyIunMOsX2YESb1N0ef&index=1
*Automatic Superannuation Payments for Xero is only available if you use the payroll function and have more than five employees.