With the SuperStream deadline of the 30th of June rapidly approaching, the ATO Deputy Commissioner James O’Halloran has said that now is the time for employers who are not yet using SuperStream to cross it off their to-do list.
SuperStream is the new way employers must pay super. It means paying super and sending employee information electronically.
More than 60% of all Australia’s small businesses are now using SuperStream.
“Employers who are using SuperStream have reduced the time they spend on super by an average of around 70%, each cycle,” says Mr O’Halloran.
“We are encouraging the remaining employers who have not yet adopted SuperStream to do so before 28 April.” “By taking action now employers will have a chance to test their SuperStream solution and ensure things are running smoothly and eliminate any stress around the 30 June deadline”, says Mr O’Halloran.
If you would like more help, you can access the ATO’s step-by-step instructions for signing up to SuperStream here.