Follow us:
  • banner We know our clients' businesses inside out...
  • banner We know our clients' businesses inside out...
  • banner Our team is here ready to help you...
  • banner We know our clients' businesses inside out...
  • banner We know our clients' businesses inside out...
Client Login
Please enter your details below to login to our secure client area. If you would like to register for access, click here.

SuperStream - Please Read if You are an Employer

What is SuperStream?

SuperStream is a government reform aimed at improving the efficiency of the superannuation system. Under this new reform, employers must make and report super contributions electronically.

The contribution data is sent electronically in a message format to the fund and the contribution payment is sent electronically through the banking system.

What is the Implementation Date?

As of 1 July 2015, SuperStream is mandatory for all employers with more than 19 employees making super contributions.

From 1 July 2015 small employers (with 19 or fewer employees) should start making contributions using SuperStream, with 30 June 2016 being the cut-off date for compliance, after which penalties may apply.

What are my options for meeting SuperStream?

Employers can meet SuperStream requirements by either using :
- A software solution that conforms to SuperStream or
- A service provider who can arrange SuperStream compliance on your behalf

Your options may include
- Upgrading your payroll software – For example MYOB
- Using an Outsourced Payroll or Other Service Providers – For example ADP etc
- Using a commercial clearing house
(For employers with 19 or fewer employees, there is a free clearing house option available: Small Business Superannuation Clearing House)
- Using your Default Fund – Example Australian Super, Super Choice etc.

Some of these providers mentioned above may charge a fee for organising and maintaining this service on your behalf.

Do I need to collect additional information to make contributions using SuperStream?

Yes. To support contributions being made using Super Stream standard employers will need to collect and store additional information about the employee's funds as listed below:  

 New information required  Fund type
 Fund's ABN   All funds
 Unique superannuation identifier (USI)
 APRA-regulated funds only
 Bank account details
 All funds
 Electronic service address
 Employee tax file number (TFN)
 All funds


Free Service: Small Business Superannuation Clearing House

The Small business superannuation clearing house is a free online super payment service run by the ATO which is available for small employers (i.e. under 19 employees).  The clearing house lets you pay your super contributions in one transaction to a single location. It is designed to make the payment process easier, reducing red tape and compliance costs. To set up for this service, you will need to register your employees super fund details, and through the clearing house they will distribute the contributions to the various funds.

As this is a free service for small employers, the eligibility to use the service is monitored each time you use the service.

The super guarantee contributions are counted as being paid on the date the clearing house accepts them and you have 21 days to pass an employee's choice of fund on to the clearing house.

Can I still continue to make contributions using cheques?

Funds are investing significantly in systems for automating the reconciliation process and speeding up the allocation of members money to the right account. Cheques are a barrier to payments being processed efficiently and reliably.  If you continue to send cheques, you will not be compliant with Super Stream and may face penalties.

If you are unable to handle electronic payments yourself, you may engage an agent such as a clearing house or payroll bureau who can accept cheque payments and who will then transact electronically using Super Stream on your behalf. 

What happens if the Employer is not ready to use Super Stream by the required implementation dates?

The ATO will consider all genuine attempts to comply with the new reforms provided you are able to show efforts to get ready.

Additional Information Available

Below are links to the ATO websites providing some further details on super stream and also some video clips on how it works:

• Employer FAQ
• Video Clips

As every business is different, you may wish to start considering your options now to ensure you are compliant before 30 June 2016. If you require any assistance with the above please do not hesitate to contact Thorntons.
Our Key Services
  • Accounting, Taxation
    and Other Compliance

    Our team of professionals will ensure your business complies with Australian tax, company and employment legislative requirements. Read more +

  • Specialist Tax

    Our experienced team is available to provide answers to a broad range of questions in all areas of tax. Read more +

  • Superannuation
    Estate & Succession

    We help our clients manage their future through providing practical advice and taking care of superannuation, estate and succession planning. Read more +

  • Business Valuations

    Valuations are vital when making strategic business decisions. Read more +

  • Business Planning
    & Structuring

    We offer full entity structuring advice and guidance and will assist you in finding the best way to structure both your business entities and personal holdings. Read more +

  • Business Development
    & Mentoring

    Our team are passionate about helping our clients achieve business growth through development and implementation of effective business growth strategies. Read more +

Client Testimonials

Thornton's have constantly provided service of the very highest level, are responsive to our needs and are progressive in their offerings without ever being pushy. Importantly, the people we need to speak to are always available when we need assistance or advice on a range of matters and deliver when they say will. They are one of our most trusted partners in business...

Daniel Colgan, Director, Colgan Industries Pty Ltd

Read more +

Our company has found Marie and the team at Thorntons to be extremely helpful in their approach to our business. They are always ready with a reply to our emails or phone calls. Nothing is too much trouble for Marie and the team, they go above and beyond to help us with our taxation. I would recommend them anytime.

Splitrock Farming Co., Kerry Robinson

Read more +

Thorntons has been our business and accounting advisors for more than a decade. Thorntons team of dedicated and experienced staff ensure all of our financial requirements are addressed in a professional and timely manner. No issue is ever too big or small and it has been a pleasure working with them as our family business has grown over the past thirteen years.

Keryn McKinnon, Business Manager, Duraseal

Read more +

On behalf of Aquatec I would like to say that getting Thornton’s to provide management reports and business consulting has been the best thing we ever did. Moving from a “standard” accounting practice that wasn’t really giving us any proper advice to Thornton’s helped us transform our business and gave us a crystal clear picture of our business health on a month to month basis. Overall a great company to work with, would highly recommend them.

Andy Baker, General Manager, Aquatec Equipment

Read more +

I work collaboratively with Troy, Marie and their team in the areas of estate planning, farm succession planning and related party property transactions. Troy and Marie’s attention to detail and professionalism are of the highest standard and they work hard to attain practical and viable business solutions for their clients. They are both clear communicators, accessible and a pleasure to work with.

Julie Murray, Solicitor, Yarramundi Law

Read more +

Over the 5 years that my company has been a client of Thornton's, I have been extremely happy with their level of expertise and service. All of my enquiries have been dealt with in a timely and friendly manner. I would have no hesitation in recommending their services.

Hamish Pryde, Director, GlobalSD Pty Ltd

Read more +