We are joined by the Australian Taxation Office (ATO) to discuss SuperStream, a new system for employers in monthly program, Tax Talk.
SuperStream is aimed at improving the Superannuation system by streamlining the process for employers when they make super contributions.
Under SuperStream, employers must make super contributions for their employees by submitting payments, and data electronically through one channel, saving time and effort.
Employers with 20 or more employees should already be using SuperStream.
Employers with 19 or fewer employees, have until June 30, 2016 to be SuperStream ready, however time is running out so we encourage these employers to prepare now to ensure everything is running smoothly before the deadline.
If you would like to have some advice in specific circumstances please contact your tax adviser or ATO.
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