Richmond MP Justine Elliot is encouraging eligible small businesses on the North Coast to register to use the Australian Government’s new free Small Business Superannuation Clearing House from Monday, 24 May.
“The Small Business Superannuation Clearing House delivers on the Rudd Government’s election commitment to reduce the heavy compliance burden for small business by cutting red tape and freeing them up to focus on getting on with their business,” Justine said.
“The clearing house is a convenient service provided by the Government free of charge for small businesses on the North Coast.
“It will help small businesses to save on time and paperwork by enabling them to pay their employees’ superannuation to a single location in one simple electronic transaction.
“The clearing house will send the contributions to the appropriate superannuation fund and employers will be able to access a record of their contribution history whenever it’s needed.
“This is another example of the Rudd Government delivering for small business.
“I encourage any small business on the North Coast with fewer than 20 staff to visit www.medicareaustralia.gov.au/super and register to use the free online service.”
Mrs Elliot said registering for the service is easy. Small businesses will be directed to enter their business details, and once they receive their login details they can enter their employees’ details and finalise the registration online. The service will commence from 1 July 2010.
The Government will deliver the Small Business Superannuation Clearing House through Medicare Australia, which has a strong electronic payment processing capacity and a track record of security of funds.