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SuperStream Compliance

By Samuel Williamson

0 min read

KeyPay has put together a great article on SuperStream compliance. We have included a snippet of the article below, but you can read the full article here.

There are over 800,000 Australian employers who are required to make super guarantee contributions on behalf of their employees. For many, this can be a complex process, with multiple superannuation funds to contribute to each with their own specifications for accepting the contributions data and payments.  

SuperStream improves the productivity of the superannuation system by introducing common data items, electronic communications, simpler channels and faster business processes for sending employer contributions.

QuickBooks Online Payroll (powered by KeyPay) SuperStream compliance system has fully integrated clearing house processing and also offers fully compliant export file* for other funds / clearing houses that have a manual clearing house processing facility.  KeyPay holds GOLD certification level of compliance with the ATO. 

 

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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