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28 May 2014   -   Self Managed Super Funds – Super Stream
Super Stream is a government reform managed by the Australian Tax Office (ATO) designed to increase the efficiency of the superannuation system.

The main purpose of implementing this initiative is to –
• Ensure that employer contributions are paid in a consistent timely and efficient manner
• Remove complexities associated with the variety of arrangements that individual funds require.
• Standardization of process and channel.

Firms of 20 or more employees must implement the scheme as from 1 July 2014.  Employers with 19 or less employees need to meet the Super Steam criteria from 1 July 2015, and must be on system by 30 June 2016.  All employers are encouraged to commence from 1 July 2014.

The ATO web site below provides the following links -
Getting Ready for Super Stream:

Using Super Stream:

more info at 

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