Small Business Superannuation Clearing House |
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Date: |
Tuesday, 13 July 2010 |
Content ID: |
1833 |
Abstract: |
On 6 November 2009, the Government announced that its free superannuation clearing house service for small business would be delivered through Medicare Australia. The Small Business Superannuation Clearing House (the Clearing House) commenced operation on 1 July 2010. Registration for the free Clearing House service is now open and any small business with less than 20 staff can register to use the service if they choose. Registered small businesses can pay their employees' superannuation contributions into a single location in one simple electronic transaction. The Clearing House will then send the contributions to the nominated superannuation funds. For small businesses, the convenience of making one easy payment means they can meet their superannuation guarantee obligations and save on time and paperwork. A built-in reporting function means they can access a record of their contribution history whenever it's needed. Small businesses can register for the service online. Further information, including details on how to register, can be found at: Website: www.medicareaustralia.gov.au/super |
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