Examples – SMSFs and SuperStream


Example 1: Unrelated employer

You're an SMSF trustee receiving contributions from a small employer (19 or fewer employees). Your employer plans to:

  • use a clearing house that will make super contributions on their behalf in the SuperStream standard
  • start making contributions using SuperStream from 28 April 2016.

Your employer asks you to provide your SMSF details by 28 February 2016 (60 days before the start date) to help them get ready. As requested, you advise your employer of your SMSF's ABN, bank account details and electronic service address, and they update their payroll records.

Your employer sends their contribution data and payments to the clearing house for processing. The clearing house will use your SMSF details to send your contributions payment to your nominated SMSF bank account. The associated contributions message will be sent to the electronic service address you provided to your employer.

As the trustee, you will be able to login to your administrator’s portal to view the message and confirm that the payment and data reconcile.

Example 2: SMSF receives contributions only from family business

SuperSavings SMSF has been established for your family, and all the members of the SMSF are either owners or employees of the family business. No members receive contributions from other employers.

Because of the direct link between ownership of the family business and amembership of the SMSF, the SMSF meets the related party exemption. This means the SMSF doesn't need to receive contributions sent using SuperStream.

Your family business also has other employees who belong to other super funds. Your business will need to use SuperStream to send employer contributions to their funds.

Example 3: SMSF receives contributions from family business and other employers

The SMSF has three members. You're self-employed (and meet the related party exemption) and your wife and son work for other (non-related) employers. Because the SMSF receives contributions from non-related party employers, it needs to be able to receive employer contributions sent using SuperStream.

Your wife and son must provide their employers with details of the SMSF's ABN, bank account and electronic service address so their employers can implement SuperStream.

End of example
Last modified: 17 Dec 2015QC 47553