• Peer Wealth


Are you SuperStream Ready?

  • The final stage of the ATO administered SuperStream commences 1 July 2016. SuperStream will affect ALL small businesses that employ regardless of their size. Please read on to make sure you are ready.

What is SuperStream?

  • The purpose of SuperStream is to deliver Australian businesses with a fully digital process used to meet their superannuation obligations. It will remove risk of error, reducing long processing times and unnecessary member fees.

  • Every employer needs to be across SuperStream to ensure they are meeting their superannuation obligations from 1 July 2016. There will be no other alternative.

What do you need to do?

  • Under this new regulation, businesses must make all super contributions electronically in a standardised ATO accepted format. Paper based businesses or business using non cloud based accounting software, may need to consider a switch to cloud based software or take advantage of the ATO clearing house services if you have less that 19 staff.

  • Those businesses currently using cloud based accounting software, such as Xero can most likely access a software update offered by the supplier. For an example of how cloud based accounting software handles super contributions, watch this video.

How will this benefit your business?

  • SuperStream will improve productivity of the superannuation system, reduce the administration time processing of employer contributions and ensure an error free approach is maximized.

Peer Wealth has been assisting business in this area since the initial SuperStream commencement. If you wish to discuss your options, please contact our office.


2 views0 comments

Recent Posts

See All

2017 SNB Business of The Year


Professional Services Award

Contact Information:

(02) 8014 7608


PO Box 444 Manly NSW 2095

Office Locations:

Peer Wealth Manly

Suite 202b, 39 East Esplanade

Manly NSW 2095

Peer Wealth Forster

Shop 2, 12 Wallis Street

Forster NSW 2428

Peer Wealth Pty Ltd is a Corporate Authorised Representative (Representative No, 001281977) ABN 24 115 294 463 of Futuro Financial Services Pty Ltd, Australian Financial Services Licensee (AFSL 238478)

Financial Services Guide

Privacy Policy

This website contains general advice only. You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Futuro Financial Services Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website.

Liability limited by a scheme approved under Professional Standards Legislation.* *Other than for the acts or omissions of financial services licensees.