Rosny Park accountant logo
P. 03 6244 5144 | E. Client loginRosny Park accountant
Rosny Park accountant

17/12/2010; Free superannuation clearing house for small businesses

The Australian Government is offering a free super clearing house service to small businesses with less than 20 employees.

This service is free, optional and is designed to reduce red tape and compliance costs for small businesses when meeting their superannuation guarantee obligations.

The Small Business Superannuation Clearing House is administered by Medicare Australia and enables you to pay your employees’ superannuation benefits into one location in a single transaction, after which the Clearing House will distribute the employees’ benefit to their nominated financial institution.

This service also provides a reporting function that allows you to access records of your contribution history.

Essentially the service whilst aiming to reduce the administration costs also hopes to reduce the associated time when businesses must contribute into numerous superannuation funds.

It has been in place since July 10, and businesses need simply to register via the Medicare website.

So get on board and use this service to help you meet your superannuation obligations, minus the financial and time costs

Hobart accountant OFFICE LOCATION

Suite 4, 1st floor
30 Bayfield Street

Hobart accountant MAILING ADDRESS

PO BOX 526

Hobart accountantGET IN TOUCH

Phone: 03 6244 5144
Fax: 03 6244 5065