SuperStream is a government initiative designed to simplify and streamline the super process for small to medium businesses.
You can find out more about SuperStream here: ATO - re SuperStream compliance
Small employers (19 or fewer employees) must meet the SuperStream standard by 30 June 2016 (extended to 28 October 2016). Larger employers should have been using SuperStream since 31 October 2015.
We get asked a lot of questions by employers if they can use KeyPay to ensure SuperStream compliance and if so, how do they do that. Below is a list of commonly asked questions:
Is KeyPay SuperStream compliant?
Yes. KeyPay has been GOLD CERTIFIED by the ATO and are listed on the certified products register
Do I need to be using SuperStream?
If you're a business employing more than 20 employees, yes, you need to be using SuperStream by July 1 2015.
If you employ less than 20 employees, then you have to July 1 2016 (extended to 28 October 2016).
How do I ensure I'm SuperStream compliant when using KeyPay?
If you're using KeyPay to process super payments via our ClickSuper integrations, you're already 100% compliant. If you're not using ClickSuper, the easiest way to ensure you're compliant is to register for a ClickSuper account and begin processing super via our automated integration.
If I'm already using ClickSuper, are there any other steps I need to take to ensure I'm compliant?
For 99% of ClickSuper users, no, there's nothing you'll need to do. For a small number of users, you will be required to update your employee fund details to ensure the correct USI is being sent, however if this is required, we will contact you directly with instructions on how to do this.
Are there any costs associated with using ClickSuper for SuperStream
If you pay super quarterly, there are no additional costs at all.
If you pay super more frequently than quarterly, there is a 25c / employee / payment cost associated.
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