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Government Announces SuperStream Extension

02-Jun-2014 The government has announced that the date by which superannuation funds must comply with the SuperStream contributions data standards has been pushed back, a move which is said to provide “more time and greater certainty” for employers and SMSF trustees.  Superannuation funds will now have up to 1 July 2015 to meet the new standards.

The shift to 1 July 2015 also aligns this date with the proposed date for “small employers” to comply with SuperStream. However, we will be awaiting confirmation that this date will still apply to small employers.

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