Super Stream Changes
28/10/15 14:16 Filed in: Superannuation
A brief note on Super Stream: from 31 October 2015 all entities employing 20 staff or more must use the Electronic Service Address (ESA) of the employee’s superannuation funds when remitting their super contributions.
From 30 June 2016 this will be mandatory for ALL employers. The exception is when you are paying superannuation from a related entity into your own SMSF.
There are specific things you need to know:
- if you have an SMSF
- If you are an employer
We have recently sent out a newsletter to our clients with more information on the specifics of these changes to Super Stream. Our clients can also always contact us for specific advice.