Your Superstream Obligations
SuperStream represents the streamlining and standardisation of superannuation contributions made by employers. Employers and super funds have been transitioning for some time under this initiative to sending and receiving super contributions electronically (eCommerce) in accordance with a consistent regulated Superannuation Data and Payment Standard (the Standard).
For employers of 20 or more employees, SuperStream transitioning occurred over the 2015 financial year. If you are an employers with 19 or fewer employees you will need to transition to an electronic means of making super contributions and member updates, which comply with the Standard, between by 30 June 2016.