Under SuperStream, you need to pay super contributions for your employees electronically (electronic funds transfer or BPAY®) and send the associated data electronically.
The data is in a standard format so it can be transmitted consistently across the super system – between employers, funds, service providers and the ATO. It’s linked to the payment by a unique payment reference number.
This means you can make all your contributions in a single transaction, even if they’re going to multiple super funds.
The deadline for small businesses to be using SuperStream was 30 June 2016. However, we will provide compliance flexibility until 28 October 2016 for businesses that are not yet SuperStream ready.
This means we won’t take compliance action against small businesses that missed the 30 June deadline.
All medium to large businesses (those with 20 or more employees) should already be using SuperStream.
For more information visit – https://www.ato.gov.au/Super/SuperStream/Employers/
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