A Key Change for Small Business Super
Managing staff superannuation is about to change for many small businesses.
The ATO’s Small Business Superannuation Clearing House will close on 1 July. The free service currently allows eligible businesses to make a single super payment, which the clearing house then distributes to each employee’s super fund.
Once the service closes, businesses will need to make alternative arrangements to manage and pay employee super.
Download Your Records Before Access Ends
Before the closure, there is one important step businesses should take: download your clearing house records.
From 1 July, employers will no longer be able to log in, submit payment instructions, or view their records in the system. That means any historical information stored there will no longer be accessible.
Downloading your records now ensures you have them available for future reference, including audits, employee queries, or record-keeping requirements.
If you manage super payments for clients, it’s also important to ensure they have downloaded their records before access ends.
You can find instructions on how to download your records here.
What Businesses Should Do Next
The closure is part of the Australian Government’s Payday Super reforms, which will require employers to pay super at the same time as wages.
Now is a good time to review your payroll and accounting systems to ensure they can handle super payments going forward. This may include:
- Reviewing your existing payroll or accounting software
- Exploring super payment options offered by super funds
- Investigating commercial clearing houses or payroll providers
Preparing early can help ensure your systems remain compliant and your super payments continue to run smoothly.
Need Help?
If you’re unsure how these changes affect your business or what steps to take next, we’re here to help.
