SMSF Electronic Payments – “SuperStream” Requirements

[Update 30 Sept 2018] Following a short period of consultation, regulations have been approved for SuperStream to be fully extended to SMSFs from 1 December 2019. Until then, SMSFs only need to be able to receive arms-length contributions and rollovers through SuperStream. Explainer here.

[Update 22 June 2016] The Tax Office has announced that small businesses will have another four months to 28 October 2016 to comply with the SuperStream requirements. Compliance action will not be taken against small businesses who miss the 30 June 2016 deadline.

[Update 10 June 2015] The Tax Office announced an extended due date for SuperStream implementation for employers with 20 or more employees to 31 October 2015: “the ATO will not be taking compliance action against employers who miss the 30 June deadline but will be working closely with employers over the next few months to continue providing education and support”

For small employers (with 19 or fewer employees) the SuperStream standard applies from 1 July 2015 which becomes mandatory from 1 July 2016. The Tax Office has indicated flexibility for businesses making a genuine attempt to comply. “We will provide flexibility for you on your start-up date, provided you do your best to implement after this date and have a firm plan to do so no later than 30 June 2016.” – see Step-by-step-guide and checklist

SuperStream is essentially an efficiency measure, requiring the electronic processing of super contribution data according to a prescribed data standard.

Contributions sent to an SMSF from a related-party employer are currently exempt from SuperStream, but will include all contributions from 1 December 2019.

To meet the Superstream requirements, an SMSF will need to provide contributing employers with their ABN, details of an electronic-enabled bank account, and electronic service address for the contribution data message.

Message Service Providers

The Tax Office has a register of SMSF message service providers  –  see Register of SMSF messaging providers

See also

Employer SuperStream FAQs


This page was last modified 2018-10-02