What is SuperStream?
The SuperStream data and payment standard is part of the Government’s Stronger Super initiative and introduces a streamlined method of sending superannuation payments and associated information electronically.
All SMSFs that are administered on Class will automatically be registered with SMSF DataFlow.
This integrated SuperStream solution will be provided as part of your Class Super service and at no additional charge.
Class Super users will receive a direct-connect data feed from SMSF DataFlow so you don’t need to retrieve and load the data. SuperStream data will be loaded overnight as the data arrives. The data will then be automatically matched with your direct-connect bank transaction feed and the associated journals will be automatically posted.
What about new funds loaded to Class?
All new funds loaded to Class will automatically be registered with SMSF DataFlow. Please note that any new fund members may need to provide the ESA notification, or a choice form with the ESA, to any contributing employers if they need to switch to the integrated solution from another provider, or if the SMSF has been newly established.
Class includes integrated document generation to enable SuperStream correspondence to be automatically generated and sent easily and quickly.
I’m a Class user, but I have some non-Class SMSFs – what should I do?
We would, of course, be happy if you moved all your SMSFs onto Class – if there’s anything we can do to help with that, just let us know.
Important: You should not try to register your non-Class SMSF clients using this process.
What if I am not a Class user?
Superstream is exclusively available to Class users. If you are interested in becoming a Class user, book in a demo.