SuperStream was introduced in 2014 to make the back end of super guarantee contributions more streamlined and efficient for employers and funds. Standardised reporting of contribution information is mandatory for all employers (except for self-employed people paying themselves).
Standard data reporting
Standard data reporting means you, as an employer, can provide all funds with the relevant data in the same format. This should save you time and make managing your super obligations easier.
All data must be supplied to funds electronically under the new rules – no paper based data or payment can be accepted once the rules are in place. Penalties will apply to employers not providing the appropriate information or formats.
Any detailed questions about the reporting standards can be directed to the ATO’s business phone line.
What is included in the required data?
For each employee, you must provide their Fund with the following information about the employee:
- Full name
- Date of birth
- Tax file number (TFN)
- Residential address
- Contact phone number
Providing the following information is optional:
- Email address
- Fund member number
- Employee number
- Employment start date
- Employment end date
You also need to provide the contribution pay period and details of the types of contributions included (eg SG, salary sacrifice, personal).
The data must also be provided with details about your business, including:
- Full name of a contact person
- Phone and email of the contact person
- Bank account details
Note that if you are using a clearing house (including the ATO’s Small Business Super Clearing House if you have fewer than 20 employees) you may need to provide additional information to meet the data standards.
How to provide the required data
Each time you make a super contribution on behalf of your employee(s), you need to report the data to the relevant super fund(s) or clearing house on the same day.
For contributions to AvSuper member accounts, simple complete our online form and take note of the registration number. You can then use that registration number as your reference when making the direct deposit into our bank account.
Note that we must receive the correct information to process your contributions correctly, and missing or incorrect data may lead to delays and subsequent failure to meet your SG obligations.
AvSuper helps you stay informed about your super obligations with our employer updates
– contact us if want to be included as an AvSuper employer.
Email: firstname.lastname@example.org | Local call: 1300 128 751 | Phone: 02 6109 6888 | www.avsuper.com.au
This information is of a general nature only and does not take into account your personal objectives, situation or needs. Before making a decision about AvSuper, you should consider your own requirements and the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD). For a copy call us or visit the AvSuper website, www.avsuper.com.au. AvSuper Pty Ltd (ABN 46 050 431 797, AFSL 239078) is the Trustee of the AvSuper Fund (ABN 84 421 446 069). FS3000.5 02.2021