SuperStream compliance date extended for medium to large employers (source: ATO media release)

The ATO is reminding all large and medium-sized employers that the 30 June due date for SuperStream compliance is now only weeks away.

Philip Hind, ATO’s National Program Manager, Data Standards & E-Commerce (SuperStream) said the ATO will extend its compliance flexibility to employers who are not yet SuperStream ready by four months until 31 October 2015.

Mr Hind said the ATO would not be taking compliance action against employers who miss the 30 June deadline but will be working closely with employers over the next few months to continue providing education and support. He said many tens of thousands of employers have already implemented SuperStream and are experiencing the benefits, including significantly reducing the processing time it takes to make their contributions.

A variety of options are available for employers to adopt SuperStream, including upgrading their current payroll software, using a clearing house service or their default super fund’s portal.

SuperStream for small employers with 19 or fewer employers starts from 1 July 2015. You have until 30 June 2016 to meet the SuperStream requirements when sending superannuation contributions on behalf of your employees

Source: ATO media release, “SuperStream compliance date extended for medium to large employers”, 9 June 2015.