Small Business Superannuation Clearing House

Small Business Superannuation Clearing House is a free tool for small businesses that employ less than 20 employees. It helps businesses to meet their superannuation obligations by providing an online platform that is easy to use with an electronic audit trail. Definitely better than crunching this out on excel spreadsheets or manual handwritten workings!

The most powerful and convenient benefit offered by this tool is that it brings ALL superannuation lodgements under a single reporting platform. No more of businesses trying to remember multiple login names and their passwords due to the varied superannuation choice funds of their employees!

It used to be offered by Department of Human Services where there is a ‘migration’ of this tool to the Australian Taxation Office. This migration has not caused any change to the actual online tool or its existing features.

The only limitation behind this tool is that it is restricted to no more than 19 employees – so if you do employ more than that, you might want to stick with a software package like Xero or MYOB who can handle such superannuation processing. I have recently designed and created a tool that allows MYOB users to meet their superannuation needs via a single platform offered by Westpac where you may process a much larger number of employees / staff.

How to use the Superannuation Tool

    Initial Registration

  1. You have to first register to use this free tool by providing your entity name and ABN.
  2. Once registered, they will send an email to you for verification. In that email, they will also assign you with a User ID with your business name.
  3. You will also be provided with a link in that email to set up your password. There will also be a series of security questions to further improve the authentication process which should only be known to yourself.
  4.  

    Setup Bank Details

  5. You will also be provided with a link in that email to set up your password. There will also be a series of security questions to further improve the authentication process which should only be known to yourself.

Services

Payroll services and consultation are available. Check out my free Excel payroll software which you may enquire for your business use. Please also feel free to contact us or leave a comment if you need assistance with the superannuation clearing house.

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