Businesses must now be ATO SuperStream compliant
What is SuperStream?
SuperStream is a Government reform aimed at improving the efficiency of the superannuation system. Under SuperStream, employers must make super contributions on behalf of their employees by submitting payments electronically in a consistent and simplified manner.
Why do I need to be SuperStream compliant?
SuperStream is mandatory for all employers making super contributions, and all APRA-regulated super funds and self-managed super funds (SMSFs) receiving contributions. If you're not compliant, you could be penalised by the ATO.
Visit the ATO websiteBecoming SuperStream compliant
MYOB online accounting software includes a SuperStream solution built-in for subscribers, so it’s easier than ever to meet your super obligations.
MYOB helps you stay SuperStream compliant:
- A single channel for dealing with multiple super funds
- Spend less time dealing with employee data issues and fund queries
- Reduce the cost of processing contributions and payments
Looking for accounting software?
MYOB Essentials and AccountRight have a SuperStream compliant solution built right in.
Want to find out more? Compare our products, and find the right one for your business.
We have a SuperStream compliant solution for every AccountRight subscriber.
Check which AccountRight version you use before following the steps below:
In your software click the “help” menu, then click “about”. Your version will be listed there.
AccountRight 2017
Pay Super is the SuperStream compliant solution for AccountRight subscribers. Pay Super is an integrated solution which lets you pay super directly from your software. There are just a few tasks you need to complete before you can sign up.
Great news – MYOB Essentials subscribers have a SuperStream compliant solution ready to go.
All you need to do is sign up for MYOB's super portal within MYOB Essentials.
Click "pay superannuation" in your product to get started.
Great news – MYOB AccountEdge subscribers have a SuperStream compliant solution ready to go.
If you’re not a subscriber, we recommend upgrading to the latest version of AccountEdge here.
All you need to do is sign up for MYOB's super portal.
Click "pay superannuation" in your product to get started.