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How you submit super contributions will change

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We're here to help you get ready

Under the Government’s SuperStream reforms, employers will be required to make employee super contributions in accordance with the Superannuation Data and Payment Standards (the Standards) – paving the way for a simpler, more consistent way of making contributions in a timely manner.

Rest will progressively cease accepting paper instructions and cheque contributions from employers (depending on their size). The Australian Taxation Office (ATO) may impose penalties on employers for failure to comply with the Standards.

Below we explore the SuperStream reform in more detail, including impact on employers as well as some options and key dates to be aware of.

We're here to help you get ready

Under the Government’s SuperStream reforms, employers will be required to make employee super contributions in accordance with the Superannuation Data and Payment Standard (the Standards) – paving the way for a simpler, more consistent way of making contributions in a timely manner.

SuperStream is a government reform designed to improve the quality of information that is recorded in the superannuation system and encourage a more uniform approach to how employers and super funds interact. An element of SuperStream is to ensure employer contributions are paid in a consistent, timely and efficient manner to a member’s account.

The key aspect of the Standards that will affect you is the requirement for all employers to submit contribution data and payments electronically.

All employee super contributions in the future will need to meet the Standards. Therefore your payments and supporting data will need to be provided to Rest electronically. So too will be the initial registration of your Rest default fund employees and ongoing maintenance details of those employees that are members of Rest. This means Rest will not be able to accept:

  • payments by cheque
  • paper instructions
  • instructions via email

The ATO has provided key dates, depending on employer size, that you will need to comply by. To view these, please go to the ATO website.

We’re here to help and we understand that it can take some time to get new processes up and running. It is for this reason that Rest has developed earlier cut off times to assist Rest Employers with transitioning to the Standards. Please refer to the below schedule for more information. If you are unsure about which one applies to you, please call us for assistance.

Rest's proposed key cut off dates to transition to the Standards

Employer size Current contribution methods and Rest's proposed key cut off dates
  I currently use 'File Upload' on EmployerAccess I currently send contributions via email I currently send contributions by paper (& cheque payments)
Employers with 1 to 19 employees 31/1/2015 1/4/2015 1/5/2016
Employers with 20 or more employees 31/1/2015 1/4/2015 1/5/2015
  1. Amend your processes: You will need to amend your processes to ensure that all future super contribution data and payments are provided to Rest electronically in a way that conforms to the Standards. This includes initial registration of your Rest default fund employees and ongoing maintenance of details of those employees who are members of Rest. There are ramifications for employers who do not conform to the Standard. Please go to the ATO website (refer to the case study) for more information regarding potential penalties to employers.
  2. Source an electronic solution: You will need to submit your contribution data and payments in an electronic format that conforms to the Standards. EmployerAccess is a secure self-service web portal that offers a convenient way to submit and pay your employees’ contributions online. This electronic portal is progressively being updated to comply with the Standards. Registration is quick and simple and can be done online. In addition to this, access to a third party clearing house is available through EmployerAccess. Please call 1800 639 410 if you need further information on this.

If you currently use EmployerAccess, you can continue to do so. However, the ‘File Upload’ function will be switched off shortly (see Rest's proposed key cut off dates).

When it is switched off, two new options to upload super contribution details will be made available to you in your EmployerAccess account, Manual Grid and Import File. Which you choose depends on factors such as the number of employees that you have.

  • Manual Grid – enter contribution details directly into EmployerAccess for Rest member employees
  • Import File – upload all your Rest member employees’ details simultaneously, saving you time and hassle.

View the online tutorial or download the Import File user guide.

We understand that it can take some time to implement new processes and we therefore encourage you to start using the new functionality now. By calling 1800 639 410 you can arrange with our Rest team to activate the upcoming options in your EmployerAccess account before Rest's proposed key cut off dates.

If you need any help registering with EmployerAccess or finding your way around, call us on 1800 639 410, 8am to 8pm weekdays.

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For further information about the methodology used by Chant West, see www.chantwest.com.au
This information doesn't take into account your circumstances. So, before acting on it, you should consider whether it is appropriate for you. Before making any decision about your super, please read our Product Disclosure Statement at www.rest.com.au or call 1800 639 410. This information is provided by Retail Employees Superannuation Pty Ltd ABN 39 001 987 739 as trustee of Rest (Retail Employees Superannuation Trust ABN 62 653 671 394).