• Self-managed super funds

    Self-managed super funds (SMSFs) must be able to receive employer contributions and the associated data electronically using the SuperStream standard.

    SuperStream offers the following benefits for SMSFs:

    • more timely and reliable flow of payments and information about contributions
    • an electronic record to support your accounting and tax obligations (including your SMSF annual return)
    • fewer data and payment errors.

    Next steps:

    Exemptions

    Your SMSF doesn't need to use SuperStream if it doesn't receive any employer contributions, or the only employer contributions are from a related-party employer. For example, if you're an employee of your family business and your super guarantee contributions go to your SMSF, these contributions are exempt from the SuperStream standard.

    SuperStream also doesn't apply to:

    • personal contributions made by members
    • rollovers to or from an SMSF.

    See also:

    Last modified: 17 Dec 2015QC 47548