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.