A: Superstream has been deferred until 1 July 2015.

The purpose of Superstream is to standardise the way employers exchange information about contributions to super funds.

For super funds, this means that they need an electronic service address.

With the deferral, all super funds (including SMSFs) will need to be ‘Superstream ready’ by 1 July 2015. However, there are 2 important provisos:

a) small employers (19 or fewer employees) don’t have to be ready until 1 July 16; and

b) for SMSFs, contributions from a related party employer are not required to be in the Superstream standard – they can be made the old way – Superstream will be optional for these contributions.

Bottom line – there is going to be a lot more on Superstream – I think you can park this for at least 6 months.