News & Views

The Australian Tax Office (ATO) is urging small businesses (with 19 or less employees) to prepare for SuperStream, with the compliance deadline due at the end of is week on 28 October 2016 and a quarter of small business still at risking of non-compliance.

In an ATO Media Release published last week on 17 October 2016, the ATOs Assistant Commissioner, Nicole Dykstra outlined that the compliance deadline had already been extended to 28 October 2016 from 30 June 2016 and that the ATO ”will not be granting any further extensions for businesses who have not implemented SuperStream”.

 
“The ATO is pleased that more than 75 per cent of small businesses are already SuperStream compliant however, there is still a way to go to ensure that everyone has made the switch,” Ms Dykstra said.
 
To see full ATO media release, click here.
 
NESS Super can help participating employers meet the Government SuperStream requirements. This can be either through NESS Super “EmployerAccess” (if paying for all employees only to NESS Super) or the SCH Online clearing house facility (if paying to multiple super funds). Please see the NESS Super website  and click on the “SCH Online” tab or contact NESS Super on 1800 022 067 for more information.

To find out more about how NESS Super can help your business with a SuperStream solution, please contact Mynas Leontios, NESS Super’s employer service representative on 0448 432 443 or by email at mynasl@neca.asn.au.  
 
At NESS Super, we’re here to help… 
 
NESS Super is the superannuation fund totally dedicated to electrotechnology industry.NESS Super, making life super easy for NECA members!
 
Disclaimer:

The information contained in this article is up-to-date at the time of its publication. However, some information can change over time. The contents are for general information only and do not constitute personal advice. We recommend that you consult with a suitably qualified person before making any financial decisions.