What is SuperStream?

SuperStream is a government standard for processing superannuation data and payments electronically.  It is part of the Australian Government’s Stronger Super reforms which are designed to improve the efficiency of the superannuation system.

With SuperStream compliant payment methods, employers can save time by making all their employee super contributions in a single transaction, even if contributions are going to multiple default accounts, choice funds and Self-Managed Super Funds.

Larger employers with 20 or more employees had a SuperStream compliance date of 30 June 2015.

Smaller employers with 19 or fewer employees should be compliant by 30 June 2016. For employers not compliant, the ATO extended this deadline to 28 October 2016 to help ensure businesses meet their obligations.

What you need to do

You will need to make sure that you are paying super contributions in a compliant way. If you’re a business Essential Super customer, you’ll be able to do this by making super contributions through a dedicated Essential Super business page in NetBank.

If you’re not already a business Essential Super customer and are looking for a straightforward, SuperStream compliant solution, you can find out more about Essential Super here.

More information to help you SuperStream your business

Download Factsheet

SuperStream - The Essentials

Read our factsheet on what SuperStream means for employers.

Download Factsheet

SuperStream FAQ

How will it affect your business?

Read more
Employer checklist

Employer checklist

A guide to preparing for SuperStream from the Australian Taxation Office.

Read more

Essential Super for business

Save time on super in NetBank

Things you should know

Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of interests in Commonwealth Essential Super ABN 56 601 925 435. This information is not financial product advice and does not take into account any person’s individual objectives, financial circumstances or needs. You should read the Product Disclosure Statement (PDS) for Commonwealth Essential Super and consider talking to a financial adviser before deciding whether to acquire or continue to hold this product. Click here to download the PDS, collect one from any branch of the Commonwealth Bank or call us on 13 4074 and we’ll post one out to you. Colonial First State is a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (‘the Bank’). The Bank and its subsidiaries do not guarantee the performance of Essential Super or the repayment of capital by Essential Super. An investment in Essential Super is via a superannuation trust and is therefore not an investment in, deposit with or other liability of the Bank or its subsidiaries. An investment in Essential Super is subject to risk, loss of income and capital invested. 

Terms and Conditions for NetBank should be considered before making any decision about this product.