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SuperStream - Free Employer Webinars from the Tax Office - 2nd February 2016
Employers with 19 or fewer members of staff have still got until June 30, 2016 before they need to comply with the new SuperStream standard for superannuation payments.
Under SuperStream, you need to pay super contributions for your employees electronically and also send the associated data electronically.
The new system requires a standard format so it can be transmitted consistently across the super system - between employers, funds, service providers and the Tax Office. The data is linked to the payment by a unique payment reference number.
The Tax Office says this will mean:
- employers can make all their contributions in a single transaction, even if they're going to multiple super funds
- contributions and rollovers can be processed faster, more efficiently and with fewer errors
- people can be more reliably linked to their super, reducing lost accounts and unclaimed monies.
To help employers, the Tax Office is hosting free webinars, which are designed to help employers understand SuperStream and the steps necessary to prepare. It advises employers to register soon as places are limited.
SuperStream for employers webinars
1. Wednesday 10 February 2016 3:00pm
Register for
this webinar here
2. Tuesday 8 March 2016 4:00pm
Register for
this webinar here
3. Wednesday 13 April 2016 3:00pm
Register for
this webinar here
