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Macquarie Wrap Consolidator
Macquarie Wrap Manager
As part of the SuperStream reforms, employers are required to send super contribution payments and related contribution data electronically to super funds using the new Data and Payments Standard (the Standard).
We encourage you to familiarise yourself with your obligations under the SuperStream reforms. We have included below several videos and FAQs by the Australian Taxation Office (ATO) to help you understand the SuperStream reforms. For more information, please visit the employer section of the ATO website.
Macquarie-administered superannuation funds are able to receive SuperStream contributions.
We will continue to accept contributions using existing methods during the transitional period for those employers who have not transitioned to the Standard and are not yet ready to send contributions using an eligible SuperStream method.
Employers or their service providers can obtain the appropriate crediting details (bank details for EFT payments and biller codes for BPAY) from the ATO Fund Validation Service.
Employers will require the following fund information to send contribution information and payments via the Standard:
Employers or their service providers can use the USI to assist with identifying the individual super product on the ATO’s Fund Validation Service in order to obtain the crediting details for that super product. Please refer to the ATO resources on this page for more information.
Please note our existing direct debit, direct credit (direct deposit facility) and BPAY payment options for employer contributions are not eligible SuperStream contribution formats. However, we will continue to offer existing contribution methods for employers to meet Superannuation Guarantee (SG) obligations while they preparing to upgrade to an eligible SuperStream method.
We recommend employers transition to a SuperStream compliant method as soon as practical (as outlined in the previous section ‘Sending contributions under the new Standard’).
The ATO has advised employers have several options for meeting the Standard for contributions, such as:
Please view the ATO’s Prepare now for SuperStream flyer for a summary of what you need to do.
If you have any questions regarding how to make employer contributions to our super product, please contact us.