Payroll providers are continuing to update their products to support Payday Super and may release new features at different times. The functionality your payroll provider offers can help you meet your super obligations.
By now, many software providers should have services that offer:
- updated Single Touch Payroll (STP) reporting of qualifying earnings and super liability
- the new SuperStream data requirements
- member verification request (MVR), so you can validate employee super fund details before contributions are made
- integrated error messaging to identify and resolve rejected payments quickly.
You should check with your provider whether your software supports the New Payments Platform (NPP). This allows for faster payments to funds. You may also need to contact your bank and update or change accounts to make payments via the NPP.
These functions can help you reduce the risk of errors and pay super in full, on time and to the right fund for each payday.
If your payroll provider does not offer these functions, or can't confirm when they will be available, consider looking at alternatives on the Super Product registerExternal Link. Note, this register is not exhaustive — there may be other products available which are not listed here.
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