ANSWER ID:35953

AccountRight Plus and Premier, Australia only

SuperStream is a government reform aimed at improving the efficiency of the superannuation system. Under SuperStream, employers must make super contributions on behalf of their employees by submitting payments electronically in a consistent and simplified manner.

SuperStream is mandatory for all employers making super contributions, and all APRA-regulated super funds and self-managed super funds (SMSFs) receiving contributions.

When does my business need to implement a SuperStream compliant solution?

• If you have 20 or more employees you need to be compliant now.
• If you have 19 or fewer employees you have until 30 June 2016.

For all the details on SuperStream, including when your business needs to be compliant, and exactly what those requirements are, see the Employer FAQs and video on the ATO website.

If you've got a current AccountRight subscription and you're not able to upgrade to the new AccountRight, then you can sign up to use MYOB's super portal. It's SuperStream compliant and will help you easily meet your super obligations. No need to work with individual APRA funds, it's all managed in one place, and it's included for free with your MYOB subscription. Learn about MYOB's super portal.

For more information on superannuation reporting, see the AccountRight help.