There are some rules around how employers must pay super:
You can read more about paying super and your obligations as an employer on the ATO’s website here.
Our preferred method of payment is via a clearing house as this is the most SuperStream compliant method and ensures we have all the information required to allocate member contributions correctly.
A clearing house can also make paying super much easier as it allows you to make contributions for multiple employees and across various super funds in one payment.
If you use a payroll software, you may wish to ask your system provider if it is SuperStream compliant. Some payroll systems cover both information and payments, but some cover information only and you may need to pay super contributions to each super fund separately. Even if you are already paying super contributions by EFT or BPAY, you may not be reporting your SuperStream data electronically in a standard format.
You can use the ATO’s SuperStream certified product register to check if your payroll software is compliant or find another SuperStream compliant solution.
The ATO also has a handy Step-by-Step Guide for ensuring you are paying super contributions compliantly.