Final SuperStream deadline 28 October 2016

Superstream compliant deadline October 2016

The deadline was extended, but the time is now almost upon us: the final deadline for employers to be SuperStream compliant is 28 October 2016 (SMSFs should already have been compliant before now).

As of this date, all employers should send contributions electronically to super funds using the SuperStream standard.

This also applies to self-managed super funds (SMSFs), which means that SMSFs must be able to receive SuperStream compliant contributions. To enable this, SMSF trustees need to provide these details to their employer:

  • SMSF Australian business number (ABN)
  • SMSF bank account details to receive the contributions
  • An active electronic service address to receive the data associated with the contributions.

SMSF trustees will also need to ensure their electronic service address is active before they give it to their employer. To help trustees provide their SMSF details to their employer, the ATO has prepared an email template you can access here.

If you have any questions about your SuperStream obligations, feel free to call us on 07 3822 7201.