SuperStream and SMSFs explained

What is SuperStream? SuperStream is a government reform aimed at improving efficiency of the superannuation system. Under this system, SMSFs must be able to receive contribution payments and contribution data electronically. What’s needed to integrate SuperStream with the SMSF? To meet these obligations, members of an SMSF should provide their employers with: SMSF’s ABN SMSF’s bank account … Continue reading SuperStream and SMSFs explained