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Super made easy – SuperStream

The ATO will be assisting general practice, dental and specialist business industry over the coming weeks to transition over to SuperStream.

Small business owners with 19 or fewer employees need to start paying super contributions and sending member information electronically through SuperStream.

The process which came into effect 1 July provides a consistent and simplified way for employees to make super contributions on behalf of their employees.

Under the system – those responsible for paying super guarantee for general practice, dental and specialist business will be able to pay super to multiple super funds through one channel.

The ATO is holding a webinar to help practice managers, employers, accountants, BAS agents, bookkeepers and anyone responsible for paying superannuation for general practice, dental and specialist businesses on Tuesday 20 October.

The ATO has an employer checklist can help employers prepare visit www.ato.gov.au/SuperStreamChecklist

Kirsty Waterford