“It was an important milestone for the superannuation industry when MYOB became the first payroll solution to be certified to send SuperStream contributions,” said Alison Lendon, ATO Deputy Commissioner for Superannuation.
Cross-certification means the MYOB software has been independently tested, with a focus on the software’s payments and reporting to superannuation funds.
“I’m delighted that MYOB was the first to achieve ATO’s cross-certification for compliance on its ‘pay superannuation’ features. It is a testament to our customer-centric approach. MYOB strives to make business life easier by introducing innovative features that change the game for small businesses, saving them time and money,” said James Scollay , MYOB SME Solutions General Manager.
Designed to comply with SuperStream, MYOB expects the feature will make it easier for businesses to meet their superannuation obligations. It can currently make superannuation payments to “over 290 APRA funds,” and will soon support payments to SMSFs.
“Our customers report significant cost and time savings for their business, when they pay and report superannuation as part of their pay run within AccountRight,” said Mr Scollay.
The ‘pay superannuation’ feature was released in June 2014 for AccountRight Plus and AccountRight Premier subscribers, and is currently being rolled out to MYOB Essentials Accounting users.
“It’s free for customers that use payroll with their subscription, and there are no limits on the number of employees paid, the number of super funds paid, or the number of transactions,” Mr Scollay said.
Update: the ATO has released a SuperStream certified product register, which “enables employers to identify the readiness of payroll software and other service providers to meet SuperStream requirements.”
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