The Australian Taxation Office’s new SuperStream initiative is a new way to pay superannuation for your business and organisation’s employees. Through SuperStream businesses can now pay electronically. ‘Normal’ superannuation means that super is paid to different funds in different ways. With SuperStream all over this work is streamlined with employers able to make payments through one channel.
We encourage all our members to have a look at the SuperStream Employer Checklist to see you Superstream will benefit you.
Do you own an Indigenous business that employs 19 or fewer people? If so, it’s time for you to get ready for SuperStream. The SuperStream deadline was 30 June 2016. But small businesses with 19 or fewer employees have been given more time, and now have until 28 October 2016 to have everything in place. Start now and realise the benefits sooner. #superstream