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TWUSUPER - Employer News (April 2016)

26 Apr 2016 10:41 AM | Administration (Administrator)

SuperStream deadline approaches

From 1st July 2016 every employer must be SuperStream compliant, meaning no more cheques, paper instructions, or email instructions when making super contributions. It also means potential penalties from the ATO.

TWUSUPER has been helping businesses get SuperStream compliant for over two years now, and we can help your business too. This includes providing free access – through TWUSUPER’s secure Employer Access site – to a super clearing house* that allows you to pay all your employees’ super with a single login and one payment.

If you’re not yet SuperStream compliant (or aren’t sure):

  • call TWUSUPER on 1800 241 877 8am to 8pm (AEST/AEDT) weekdays, or
  • register for Employer Access by visiting www.july1.twusuper.com.au (if you use Employer Access to make contributions, you’re automatically SuperStream compliant).

* SCH Online is a financial product operated by The Superannuation Clearing House Pty Limited (Authorised Representative Number 290290) (TSCH), an authorised representative of Pacific Custodians Pty Limited (Australian Financial Services Licence Number 295142) (Pacific Custodians).

Super payments due 28th April

By law, employers must pay Super Guarantee payments of at least 9.5% to eligible employees at least four times a year. The ATO can apply the Super Guarantee Charge if payments are not made by the quarterly deadlines.

Quarter – 1st January to 31st March                           Payment date – 28th April

QTA Ltd CEO, Peter Garske is a Trustee Director of TWUSUPER

This information is of a general nature only and does not take into account your objectives, financial situation or needs. Before acting on this information, you should consider its appropriateness having regard to your objectives, financial situation and needs. A copy of TWUSUPER’s current Product Disclosure Statement should be obtained from us (by calling 1800 222 071 or visiting twusuper.com.au) and considered carefully before you make a decision in connection with TWUSUPER. TWU Nominees Pty Ltd ABN 67 002 835 412, AFSL 239163, is the trustee of TWUSUPER ABN 77 343 563 307 and the issuer of interests in it. Transuper and TransPersonal are divisions of TWUSUPER.



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