Pay any industry and retail super fund
Need control over who gets paid and when
Want to save hours on super admin
No forms, no cheques, no worries
The Australian Government has made changes to the way employers make super contributions. This new initiative is called SuperStream, or Data & Payments Standard.
From 1 July 2014, businesses with over 20 employees* will need to pay employee super contributions electronically. And you’ll need to send details about the payment in a standard, electronic format.
But you don’t need to change anything – by using MYOB M-Powered Superannuation you’re already covered.
M-Powered Superannuation will be updated with a SuperStream service – to make compliance with the super contribution changes super easy. You can find out more at ato.gov.au/datastandardcontributions.
*For businesses with 19 or less employees this change comes into effect on 1 July 2015.
Make paying super, super easy
You can spend a lot of time paying out staff super. We can help you take back that time. MYOB M-Powered Superannuation lets you handle all your super tasks securely, in complete compliance with regulations. You can literally do the job in a few mouse clicks in your MYOB software.
View compatibility with MYOB software.
You still have control over which funds get paid and how they get paid. M-Powered Superannuation will deduct all the contributions you authorise, and then forward them to the appropriate funds automatically. It will even supply contribution advice to each fund.
Advising your employees of these contributions is a breeze too – your MYOB software produces all the reports you need.
"This is not only good for my cash flow management, but what used to take me half an hour is now all done in 2 minutes and I now have the confidence that the contributions I am paying are correct.
It's an absolute bonus to be able to do all of this from within my MYOB software" - John Wagenvoort.
M-Powered Superannuation works with all retail and industry superannuation funds. There are more than 500 eligible funds already set up. Don’t see your fund on the list? No worries – once you’re approved to use the service, we’ll add the fund to our list.*
Have a fund that only accepts cheques? Not a problem. We’ll take care of all the details around your fund requirements, so you don’t have to.
* M-Powered Superannuation does not work with self-managed or DIY funds. However, you can still use your payroll software to calculate your obligations and contribute manually.
Security features for M-Powered Superannuation include payment requests being authorised, using a password, by those people in your business who are entrusted to approve payments from your business bank account, digital certificates to ensure no tampering and encryption (scrambling) using a 128 bit Secure Socket Layer (SSL) internet security protocol – just like the banks.
The advice on this website has been prepared as a guide only. Please read the Product Disclouse Statement (PDF 572KB) for M-Powered Services before applying for M-Powered Superannuation.