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.
When does SuperStream take effect?
SuperStream is now up and running and SMSFs are required to receive employer super contributions using the SuperStream data and payment standard.
To comply, every SMSF that receives employer contributions needs an electronic service address (ESA) and the software to receive their SuperStream data.
Trustees need to provide the ESA to their employer in order to receive their contributions.
What do I need to do now?
All Class users will automatically be registered through our fully integrated SuperStream solution, SMSF DataFlow. This solution is provided free of charge to all users and provides the ESA you need for your SMSF clients. Click here for further details.
If you’re a non-Class user, click here for next steps and details on the free, public SMSF DataFlow solution.