Govt urges online use for super
DARLING Downs and south-west Queensland small businesses interested in cutting the time and paperwork associated with their employees’ superannuation are being urged to register for a new Federal Government service.
The Australian Government’s free Small Business Superannuation Clearing House is about to go live on July 1 and eligible small business operations are being invited to register online.
Human Services portfolio general manager Hank Jongen said yesterday with the clearing house going live soon, he strongly recommended all eligible Darling Downs and south-west Queensland small businesses register for this service sooner rather than later.
“Any business with fewer than 20 staff can register for the clearing house,” Mr Jongen said.
“This great new service will make it easier for small businesses to meet their superannuation obligations.
“Through the clearing house, small business can pay their employees’ superannuation into a single location in just one simple electronic transaction.
“The clearing house will then send the contributions to the appropriate superannuation fund on behalf of the employer.”
Mr Jongen said employers could also access a record of their contribution history whenever it was needed.
He said the clearing house would be delivered by Medicare Australia, which processes about 500 million transactions and $30 billion in payments annually through multiple delivery channels.
Registering for the clearing house service is simple, with eligible small businesses able to sign up online at www.medicareaustralia.gov.au/super.