Superstream presentation at Reckon Group Conference

SUPERSTREAMCOMPLIANCE

WHODOES SUPERSTREAMAFFECT?

All employers in Australia

Progressive rollout over the next 2 years.

WHENDOES SUPERSTREAM REALLY START?

20+ Employees – between now and 30 June 2015

19 or less Employees – between 1 July 2015 and 30 June 2016

APRA funds must be ready to receive by 3 Nov 2014

WHERE DOES IT IMPACT?

Payroll software:• Reckon PAYROLL PREMIER and ACCOUNTS with payroll.

• anyone using a software solution will be given the details of what is required

Manual payments and contributions:• One purpose of SuperStream is to stop paper

contributions

WHYSHOULD I MAKE THE CHANGE TO SUPERSTREAM?

Paper payments will be phased out

Faster turn around for contributions and payments

Electronic audit trails

Lost Super data matching

HOWWILL RECKON SUPPORTSUPERSTREAM?

New Fields

Partner with a reputable gateway

Current Reckon Payroll Premier solution

Future Reckon Accounts solution scheduled

WHATDOES IT LOOK LIKE IN ACCOUNTS?

APRA funds:• Addition of USI,

replacing the SPIN.

• Addition of Fund name.

• All other APRA details remain the same as current process.

SMSF’s:• Addition of email as an

electronic address.

• Addition of Fund name.

• Set up SMSF as a supplier. This will add the mandatory bank details for SuperStream.

• Reckon Super Data Reports from PAYROLL and ACCOUNTS

NAB Super Pay VIDEO

QUESTIONS?

For more information, visit www.reckon.com

THANK YOU