The Australian Taxation Office (ATO) is urging hospitality business owners with 19 or fewer staff members to begin paying their superannuation obligations with SuperStream.
SuperStream is the new superannuation payment mechanism for all businesses across Australia, allowing operators to make super contributions electronically.
The service came into effect on 1 July, 2015, and allows those paying superannuation on behalf of hospitality employees to pay contributions to multiple super funds in one transaction.
Philip Hind, the ATO’s national program manager, Data Standards & E-Commerce (SuperStream), said the ATO is assisting the caf, restaurant, catering and take away industry over the coming weeks, sending information to registered business owners via email, text message, contacting relevant industry associations and holding a dedicated SuperStream webinar.
“There are many options available to get ready for SuperStream and I encourage those responsible for making superannuation contributions to ensure that they ready for the 30 June 2016 compliance deadline,” he said.
The ATO is hosting a webinar to help employers, accountants, BAS agents, bookkeepers and anyone responsible for paying superannuation for caf, restaurant, catering and take away businesses on Tuesday 27 October and a step-by-step checklist to help employers with the changes can be found here.
Employers with 20 or more staff members have until 31 October to ensure they’re SuperStream compliant (the original cut-off was 30 June).