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SuperStream Overview

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 data and payments electronically in a consistent and simplified manner. 

When do I have to start using SuperStream?

All businesses are required to use SuperStream from 1/7/2016

SuperStream requirements

You have the option of using the Small Business Superannuation Clearing House (SBSCH) which is a free online super payments service to help you meet super guarantee obligations.

  • If you have not already done so, register your business with the SBSCH
  • You will need to contact your employees’ super funds to obtain their Member Number and the employees’ Unique Superannuation Identification Number (USI) for each super fund
  • Add all of your employees, including the employees’ Member Number and USI, on the SBSCH website

 For further information, please discuss with your accountant or visit the ATO website

What to do when remitting superannuation

Overview for Wage Easy/Wagemaster Users

  1. Generate your superannuation reports in Wage Easy Payroll. Read more 
  2. Import your superannuation for the period into Agrimaster into EFT
  3. Reconcile the figures between Wagemaster and Agrimaster. Read more
  4. Login to your superannuation clearing house website (e.g. SBSCH)
  5. In your superannuation clearing house website
    • Update the employee details with their superannuation amounts for the period
    • A report will be generated, giving you a BSB and Account Number to pay the TOTAL of the superannuation remittance
  6. In Agrimaster, edit the EFT details for the superannuation clearing house by adding or updating the BSB and Account Number from Step 5 above

Overview for Agrimaster Users

  1. Manually calculate your Superannuation for each employee
  2. Create the superannuation clearing house (e.g. SBSCH) as a Name in EFTs. Leave the BSB and Account Number blank for now
  3. Manually create an EFT payment for each employee with the BSB and Account Number and details for their super funds
  4. Login to your superannuation clearing house website (e.g. SBSCH)
  5. In your superannuation clearing house website
    • Update the employee details with their superannuation amounts for the period
    • A report will be generated, giving you a BSB and Account Number to pay the TOTAL of the superannuation remittance
  6. In Agrimaster, edit the EFT details for the superannuation clearing house by adding or updating the BSB and Account Number from Step 5 above

 For more information about processing the superannuation remittance, click here. 

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