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More time to get SuperStream ready

Friday, August 12, 2016

The Australian Tax Office (ATO) recently announced that they are allowing more time for small businesses to get ready for SuperStream.

The new deadline for SuperStream submissions or changes is 28 October 2016.

The ATO recognised that it can take some time for small businesses with 19 employees or less to get organised for SuperStream. It’s also worth noting that this new deadline will allow extra time for small businesses to ensure that information that has already been submitted is correct and complete. If any submissions do not meet criteria set out by the ATO or are incomplete, the super payment may be rejected.

If you’re yet to get started on your SuperStream submission, you’ll need to choose an online system to make super contributions electronically. These can be:

  • Your payroll system
  • Your super fund’s online system
  • A messaging portal
  • A super-clearing house

An experienced accountant or bookkeeper can help you choose a system that is SuperStream ready and ensure you are prepared for the new deadline.

If you want to know more about how SuperStream works or how we can help, please contact us.

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