Are you Superstream ready?

Written December 5th, 2013 by
Categories: Payroll, Product Release
Comments Off on Are you Superstream ready?

As you may have seen the ATO super reform rollout is ramping up, and come 1st July 2014 all employers with 20 or more employees will need to be superstream compliant1. The super stream compliance necessitates the implementation of data and payments standards, in simple terms it means you can no longer send paperwork and cheques to superfunds; and must instead submit these details electronically.

The great news is we have already completed all of the hard work and through our partnership with ClickSuper have developed a super remittance module that is already SuperStream Ready

As a payroll officer this means no more tedious and laborious form filling and cheque sending.. sounds good right! Instead the process of making super contributions will form part of your existing payroll process using the data directly from your pay run and payslips, and seamlessly submitting the remittance details to the super funds along with all relevant employee details including TFN (tax file number).

The great news is we have already completed all of the hard work and though our partnership with ClickSuper have developed a super remittance module that is already SuperStream Ready. The process is simple; we take the super remittance details that are yet to be paid; and electronically send the details to ClickSuper. ClickSuper validate the information, direct debit the total remittance amount from your nominated account and send remittance detail and payments to the super funds2.

ClickSuper is a proven super remittance partner with huge experience in flexible e-commerce solutions that simplify employer-to-fund processing. ClickSuper is a signatory to the Superannuation Data and Gateway Service Standard and is one of only 7 active Superstream gateways. It is also a founding member of the STN (Superannuation Transaction Network) Working Group established to guide the implementation of Superstream Gateways.

What to do next?
If you are an existing customer we will be contacting you in the next month or so with some more information to let you know what needs to be done to transition you to the super remittance module.

If you aren’t already using our cloud payroll and are interested in finding out more, fill in our contact us page and we will get in touch.

1 – Employers with 19 or less employees can wait until 1st July 2015, but you don’t have to!
2 – ClickSuper charge a nominal fee per contribution that will be billed directly to you the customer

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