Are you SuperStream ready?

All employers with 19 or fewer employees should be SuperStream ready by 30 June 2016. SuperStream is the Australian Taxation Office (ATO) mandatory superannuation reporting scheme.

More than 125,000 employers across Australia have already made the change and are now enjoying the time-savings that SuperStream offers.

If you have not yet made the change to SuperStream don’t leave it to the last minute!

To get started you will need to ensure that you have an option to make super contributions electronically. These include: your payroll system, your super fund’s online system or a super clearing house. Make sure that these options are SuperStream ready.

Next you need to collect key information on your employees, including their tax file number and a unique super identifier and enter these into your system.

Finally you will need to process your next super contributions using SuperStream.

The ATO has a step by step guide to help you prepare for the deadline on 30 June 2016.