Let's talk about ... making life easier for small businesses

Next week’s roster is done... check!

Wages have been paid... check!

Signed up for the new Small Business Superannuation Clearing House... check!

If you run a business with fewer than 20 employees, why not take advantage of the new Small Business Superannuation Clearing House (the Clearing House) that lets you pay all your employees’ superannuation in a single electronic payment?

The service was introduced to help small businesses meet their superannuation guarantee obligations.

The Clearing House, administered by Medicare Australia, offers significant benefits for small businesses:

• it’s free
• it’s simply to use
• it’s optional
• it helps you meet your superannuation guarantee obligations
• it reduces administrative burden and paperwork in paying contributions to numbers superannuation funds
• you only have to make one electronic payment to the Clearing House.

To use the Clearing House, first you need to register online—it’s easy!

1. Go to the Clearing House website, enter your details and a user ID and password will be mailed to you.
2. Once you receive your user ID and password, logon and complete your registration.
3. Enter the details about each of your employees—this only needs to be done once and will take about approximately three minutes for each employee.
4. Each time you make superannuation payments, enter the contribution amounts for each employee and submit this to us. We will then generate and distribute the total contribution amount to each superannuation fund. It’s that simple!

Using the Clearing House will give you more time for other things, like... growing your business!

For more information call 1300 660 048, go to www.medicareaustralia.gov.au/super or email SBSCHenquiries@medicareaustralia.gov.au

Last updated: 31 August, 2010