If you have an SMSF, and you are an employee, you have an obligation to meet the SuperStream requirements for standards of contributions to your fund. As such you are required to provide your employer with the following information:
- Your SMSF’s Australian Business Number (ABN)
- Your SMSF’s bank BSB and account number for receipt of contribution payments
- An electronic service address for receipt of a contribution data message.
If you have not already set up an electronic service address from an SMSF messaging provider, you will need to do so.
We can do this on your behalf, or you can arrange this yourself by contacting a service provider directly. Our preferred provider is the free service offered by SMSF DataFlow.
For more background information about the electronic service address or SuperSteam visit the ATO site.
You will need to act immediately, as SMSFs should have been ready to receive employer contributions in the new SuperStream format from 3 November 2014. Contact us if you need assistance.