SuperStream
From 1 July 2014, SMSF’s will be required to receive employer superannuation contributions using the Government’s SuperStream Data and Payment Standard (the Standard). The Standard is part of the Government’s Stronger Super initiative and introduces a steamlined method of sending superannuation payments and associated information electronically.
Your SuperStream and Electronic Messaging Solution
To comply, every SMSF that receives employer contributions will need an Electronic Service Address (ESA) that is supplied to employers. To help you comply we have selectedSMSF DataFlow, a free, open and portable SuperStream Electronic Messaging Service as our preferred solution. The ESA for this service is: smsfdataflow
SMSF DataFlow is provided free of charge to you, works with all bank accounts and can stay with your fund regardless of any change in circumstance. Importantly, SMSF DataFlowis also fully integrated with our administration software and will allow us to automatically match your contributions data with your cash transactions and improve the efficiency of the service we provide to you. For details about this service please visit: smsfdataflow.com.au
What you need to do…
Please provide a copy of the attached “SuperStream ESA Notification” to all employers who pay contributions to your SMSF. If you are not employed, you don’t need to do anything at this time. If you might seek employment at a later date, then please retain this information for any future employer.
If you wish to engage an alternative SuperStream messaging service provider, please advise us of your election as soon as possible.
Should you have any questions in relation to the above, please do not hesitate to contact Gary Hinchliffe on Telephone (08) 8364 3246.