Post offices News
Super clearing house
Posted: July 16, 2010 at 2:06 pm
The government is offering a free superannuation clearing house service to small businesses with less than 20 employees.
This service is optional and is designed to reduce red tape and compliance costs for small businesses when meeting their super guarantee obligations.
The Small Business Superannuation Clearing House (SBSCH) is administered by Medicare Australia and lets employers pay their super contributions to a single location in one simple electronic transaction.
Small businesses that register to use the service will have their super guarantee obligation discharged when payment of the correct amount is accepted by the clearing house by the super payment cut-off date (so long as the payment is not rejected by the fund).
The SBSCH service will be available to eligible small businesses from 1 July 2010.
Register online for the service by visiting the Medicare website at www.medicareaustralia.gov.au/super or phoning Medicare on 1300 660 048.
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