Larger employers should have been using SuperStream since 31 October 2015.
Under SuperStream, you need to pay super contributions for your employees electronically (EFT or BPAY) and send the associated data electronically.
The data is in a standard format so it can be transmitted consistently across the super system – between employers, funds, service providers and the ATO. It’s linked to the payment by a unique payment reference number.
This means you can make all your contributions in a single transaction, even if they’re going to multiple super funds.
Step 1: Choose an option
To use SuperStream, you need to pay super and send employee information electronically. If you’re already doing this, you may only need to refine your system to send the contribution data in the standard format. You can use:
- a payroll system that meets the SuperStream standard
- your super fund’s online system
- a super clearing house
- a messaging portal.