superstream

SuperStream deadline is approaching

SMSF trustees must get ready to process rollovers via SuperStream by 1 October 2021. This means trustees will no longer able to send and receive paper rollover benefit statements and cheques between superannuation funds. SuperStream requires employers to pay superannuation and send employee information electronically in a standard format. This links the data to the

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ATO warns small businesses: Time running out to meet super payment compliance

The ATO has warned that time is running out for small businesses to start paying their superannuation contributions via the new and mandatory electronic standard SuperStream. The October 28 deadline is only one week away, meaning small businesses (those with 19 or fewer employees) have just one super guarantee payment date left. Assistant commissioner Nicole

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Small business to get a break on SuperStream deadline

With the June 30 SuperStream adoption deadline upon us, the ATO has announced that any small business that has had trouble doing so will be given consideration. While around 450,000 small businesses have implemented the required changes, according to deputy commissioner James O’Halloran, he says it has become apparent that some small businesses may need

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Industry specific (free) SuperStream webinars

The Tax Office has begun contacting employers in specified industry groups with tailored support to help them understand and start using SuperStream. The Tax Office says it will be making contact over the coming months with small business employers that may not yet be using SuperStream to make super contributions. In all there are 22

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