“SuperStream” is the name given to measures introduced by the Federal Government to ensure employer contributions are paid in a consistent, timely and efficient manner. Under SuperStream, employers must make superannuation contributions electronically.
You need to have the following information in order to process the payments:
|Information Required||Type of Fund|
|Tax File Number (TFN)||All Funds|
|Fund ABN||All Funds|
|Unique Superannuation Identifier||APRA Regulated Funds only|
|Bank Account Details||SMSF only|
|Fund Electronic Service Address||SMSF only|
You have 4 options with regards to how the payment can be made:
Compliance dates are as noted below:
To find out more about your compliance obligations or how to use SuperStream contact Infinity Group on 9792 2772.
Established in 1999, Infinity Group is a multi-service firm that specialise in the areas of Finance, Property, Accounting & Taxation, Insurance and Migration Services.