The Australian Tax Office (ATO) has a service called the Small Business Superannuation Clearing House, designed to help small business (with less than 19 employees) meet their super obligations as employers. Here is what the ATO site says –
The Small Business Superannuation Clearing House (SBSCH) is a free service you can use to make Super Guarantee (SG) contributions. Eligible businesses are those with 19 or fewer employees or an annual aggregated turnover of less than $10 million.
Your business can pay your SG contributions as a single electronic payment to the SBSCH. If you make super payments by EFT or BPAY using your credit card account, you may be charged a fee by your financial institution.
The SBSCH will then distribute the payments to each employee’s super fund. Your SG obligations are met as soon as your payment and instructions are accepted by the SBSCH. The SBSCH is SuperStream compliant.
Accessing the SBSCH
How you access the SBSCH depends on your business situation. The clearing house can be accessed via:
- The Business Portal (BP) if you are a business with an ABN and BP account;
- ATO Online Services via myGov if you are a business or sole trader with an ABN or withholding payer number (WPN) but no BP account. Please note you should log in using your business account (ABN), not your personal account (TFN);
- The Tax Agent and BAS Agent Portals if you’re a tax professional.
- Use the SBSCH flowchart to work out which online service and authentication credential fits your business situation or read How to access theSBSCH depending on your situation;
- From our home page banner choose who you want to log in as, and then select the yellow ‘Login’ button.
Features of the SBSCH
The SBSCH allows you to:
- Pay super the SuperStream way – money and data is sent electronically in a standard format;
- Nominate a regular contribution amount for an employee;
- Make all your super contributions in one transaction – the SBSCH distributes super contributions to your employees’ nominated super funds securely;
- Ensure your SG obligations are met as soon as your payment and instructions are accepted by the SBSCH (please refer to the terms and conditions);
- Access your transaction history.
Note: Any employee you have paid super for will remain on your SBSCH account for historical purposes. If you are no longer required to pay super for an employee you should go into the system and add an end date against that employee’s record. This will make them ‘inactive’ in the SBSCH.
See also –
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