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Home.GovNews and FeaturesSmall Business Superannuation Clearing House

Small Business Superannuation Clearing House

Tuesday 25 May 2010

Are you a small business with less than 20 staff? You can now register to use the new Small Business Superannuation Clearing House, which will be fully available through Medicare Australia from 1 July 2010.

The new service is free, optional 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. The service also provides a reporting function that allows you to access records of your contribution history.

For further information on how the Clearing House can help reduce your red tape and compliance costs, or to register online, visit the Medicare Australia website.

This content is supplied to Flying Solo via business.gov.au, the Australian Government's principal website for business information and resources.

Small Business is Australia's fastest growing sector – this business community site was created for those running a small business of one to five people. Here the solo and micro business owner will find small business forums, a small business directory, free resources, help, tips and advice on: starting a small business; working smarter when working from home; effective small business marketing; small business networking; the solo psyche; staying balanced as a small business owner; small business technology advice and small business finance tips.