Tencia and Arrow SuperStream Compliance Tested
Recently both Tencia and Arrow were awarded the certificate for Certified SuperStream Alternate File Format (SAFF) Compliance via the ATO approved third party certification provider. Both Tencia and Arrow enable the generation of a compliant SAFF for uploading into a third party clearing house or super fund portal of choice.
The ATO released an updated statement on the 10th June 2015 in relation to compliance deadlines for medium to large employers. Phillip Hind, ATO’s National Program Manager, Data Standards & E-Commerce (SuperStream) said the “ATO will extend its compliance flexibility to employers who are not yet SuperStream-ready by four months until 31st October 2015. Employers should be making sure they are putting plans in place now and come up-to-speed as soon as possible.” Mr Hind said the ATO would not be taking compliance action against employers over the next few months. “Those employers making genuine attempts to get ready will be offered some flexibility to become fully SuperStream compliant in the coming months.”
Mr Hind says employers can expect reduced processing costs in the long term, spending less time paying contributions and more time running their business.