e-PayDay Pty Ltd

SuperStream Explained

What is SuperStream?
SuperStream is a government reform which came into effect on 1 July 2015 that requires Employers to report and pay superannuation contributions electronically in a standard format. Find out more here…

What is Super Manager?
Super Manager tracks all of your Superannuation Contributions, whether they are mandatory Employer (10.50%) or optional Employee (before or after tax) contributions.

Why does it matter?
In simple terms, it is your legal obligation as an Employer. Fairwork Australia has outlined what information is mandatory on the Employees payslip, which must be provided either physically or electronically within 1 working day of the Employee receiving payment.

Keeping Super Manager up to date ensures that the mandatory information is displayed on the Employees Pay Slip every pay period and is included as part of your mandatory Single Touch Payroll reporting.

What do I have to do to be SuperStream compliant?
As long as you are reporting your Employees Superannuation Contributions and payments electronically (Online either through a Super Fund, Clearing House or Gateway), you’re SuperStream compliant.

How often do I have to report?
For contributions accrued from 1 July to 30 September, payment must be received by your Employees Superannuation Funds by 28 October
For contributions accrued from 1 October to 31 December, payment must be received by your Employees Superannuation Funds by 28 January
For contributions accrued from 1 January to 31 March, payment must be received by your Employees Superannuation Funds by 28 April
For contributions accrued from 1 April to 30 June, payment must be received by your Employees Superannuation Funds by 28 July

You do have the option to pay more frequently (eg, Monthly instead of quarterly as outlined above), you are simply required to ensure all 3 monthly payments are still received by your Employees Superannuation Funds before the cut-off dates above. For more detailed information, read more here…

Is e-PayDay® SuperStream ready or compliant?
Yes, we are and have been since October 2015. You can see our Bronze Certification here and you can also use the SuperStream certified product register here to confirm your software is compliant.

So…. What’s next?

  1. Gather Employment Records
    1. Locate the Employees physical Employment record, including their TFN Declaration and Superannuation choice form) (or similar depending our your business requirements).
  2. Confirm all Employees are set up correctly & correct any issues
    1. Is the Employee linked to the correct fund in e-PayDay®? Does their set up match the paperwork they returned?
      1. Print the Employee Masterfile report to confirm which Super Fund your Employees are assigned to and add any new Super Funds that are required, update existing Super Fund details, reassign Employees to the correct Superannuation Funds and update Employee records as required.
      2. If applicable, ensure all Concessional and Non-Concessional Superannuation Contribution Deductions are set up correctly, so they are included as part of your SuperStream File.
  3. Decide what’s best for your business
    1. How do you currently pay your Superannuation obligations and are you already SuperStream compliant?
      1. Decide on the Superannuation Fund provider/s that you wish to upload your SuperStream File and payment through. As there are many options available including our own e-PayDay® SuperStream Gateway, which is included free of charge in all e-PayDay® Subscriptions, we recommend contacting all of the Superannuation Funds you currently pay contributions to, to find the best solution for you.
  4. Implementation
    1. If you have chosen to use the e-PayDay® Gateway, please follow How do I start with SuperStream for the e-PayDay® Gateway?
    2. If you have chosen to use another provider, please follow How do I start with SuperStream for a Superannuation Fund or Clearing House?
Revision: 16
Last modified: Jul 25, 2022