ATO says Small Business Super Clearing House issues fixed

The ATO says it has fixed issues with the Small Business Superannuation Clearing House (SBSCH), and sought to reassure employers.

The Small Business Super Clearing House has had issues since it was moved from the Department of Human Services to the ATO’s systems in late February.

These issues resulted in superannuation contributions from small business not going through to the super funds of their employees, in some cases for weeks. The ATO did not detail the extent of the impact of the problems with the clearing house, but it has been reported as potentially affecting tens of thousands of employers. Read more...

Disruptions as Small Business Super Clearing House moves to ATO

There will be disruptions and changes to the Small Business Superannuation Clearing House as it moves from the Department of Human Services to the ATO.

“On 26 February, the Small Business Superannuation Clearing House (SBSCH) will join our online services. This will streamline how you use the SBSCH on behalf of your clients. It will also include extra functionality, such as the ability to sort employee listings and payment by credit card,” says the ATO.

The ATO says the SBSCH will be unavailable from February 20 to 25 while the data is transferred to the ATO’s online services. Read more...

Super Clearing House to be accessible by more employers

Small Business Super Clearing HouseThe Government has announced that from 1 July 2015 more employers will be able to use the Small Business Superannuation Clearing House.

Currently the super clearing house is restricted to employers with 19 or fewer employees. The Government intends to remove this limitation and replace it with an annual turnover test. From 1 July 2015, if implemented as announced, the super clearing house will be accessible by employers with an annual turnover lower than the small business entity turnover threshold, which is currently set at $2 million. Read more...

Small business superannuation clearing house

Small business superannuation clearing house

The Small Business Superannuation Clearing House is a government-run online service for small businesses, which helps with the administration of making superannuation guarantee contributions for employees.

The small business superannuation clearing house allows employers to make a single electronic payment, with the clearing house distributing the individual contribution amounts each employee’s superannuation fund.

Businesses are eligible to use the small business superannuation clearing house if they have under 20 employees, defined as “an individual who is employed on a full-time, part-time or casual basis.” Read more...

Superannuation Clearing House: ATO How-to Videos

The ATO has uploaded several videos explaining how to use the Small Business Superannuation Clearing House, which recently moved from the Department of Human Services to the ATO.

According to the ATO the Small Business Superannuation Clearing House is:

“a free online super payments service that helps small businesses with 19 or fewer employees meet their super guarantee obligations.”

The Superannuation Clearing House offers the following features:

  • Make a single transfer, which the clearing house splits into the individual super payments for your employees
  • Saves for your employees details
  • Decreases paperwork

Employers can register for this service on the Small Business Superannuation Clearing House website. Read more...