Are you SuperStream ready?

Don’t risk non-compliance – Register your funds today!

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Our SuperStream Service

We have partnered with Australia Post to provide SuperStream Services to our
Simple Fund 360 and Simple Fund Desktop clients.

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What is SuperStream?

SuperStream is the new standard for super transactions designed to improve the quality of data and improve processing efficiency for both employers and super funds. Our SuperStream SMSF Gateway Service will collect your contribution data from employers and distribute this data to your SMSF.
As part of this, all trustees of SMSFs must comply with a new data and e-commerce standard from 1 July 2014. This means that employers will be able to send superannuation contributions and data to multiple funds in one standard electronic format, instead of sending information to separate funds in multiple formats. Find out more about SuperStream data standards.

Simple Fund 360 Users

Simply access the SuperStream page in Simple Fund 360, select the funds and click register. Within seconds the fund(s) will be registered with the Australia Post gateway and the status confirmed without leaving your Simple Fund 360 software. The SuperStream service with Simple Fund 360 is provided free of charge.

Following registration your clients (SMSF trustees) will need to provide the following information to their employer in order to receive contribution in accordance with the new SuperStream standard:

  • Self Managed Super Fund name
  • ABN
  • The BGL Electronic Service Address (ESA) AUSPOSTSMSF
  • BSB and Account Number

Contribution data is then delivered to Australia Post. BGL will collect SuperStream data from Australia Post for all your registered funds. Simple Fund 360 will then automatically load and allocate this data. If your clients (SMSF trustees) register directly with Australia Post they will be charged $50 plus GST per annum for the service.

Simple Fund Desktop Users

Simple Fund Desktop users must register and pay through Simple Fund Desktop before any contribution data can be received. Australia Post will charge only $7 plus GST per fund, per annum for the service.

Following registration your clients (SMSF trustees) will need to provide the following information to their employer in order to receive contribution in accordance with the new SuperStream standard:

  • Self Managed Super Fund name
  • ABN
  • The BGL Electronic Service Address (ESA) AUSPOSTSMSF
  • BSB and Account Number

Contribution data is then delivered to Australia Post. BGL will collect SuperStream data from Australia Post for all your registered funds. You can then download the data into Simple Fund.

If your clients (SMSF trustees) register directly with Australia Post they will be charged $50 plus GST per annum for the service.

Invoicing and renewals will be handled by Australia Post.

Important

There is no proper inter connectivity between SuperStream Gateways. Therefore, if you or your clients do not register with Australia Post ie register with another SuperStream Gateway, you will not be able to load SuperStream data into Simple Fund 360 or Simple Fund Desktop software.