As you may already be aware, new superannuation payment standards are currently being implemented called “SuperStream”. These standards are aimed at improving the efficiency of the superannuation system by ensuring employers make superannuation contributions for their employees electronically.
For medium to large employers (with 20 or more employees) the change has been in effect since 1 July 2014. However, for small employers (with 19 or less employees), the SuperStream standards apply from 1 July 2015 with full compliance required by 30 June 2016.
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