ATO happy with SuperStream compliance despite extension
The ATO is encouraged by the number of small businesses that have met their SuperStream obligations ahead of the original deadline.
With only days to go until the original 30 June SuperStream deadline, more than 450,000 small businesses have implemented the required changes.
The ATO yesterday announced it will provide compliance flexibility to small businesses that are not yet SuperStream ready until 28 October 2016.
Deputy Commissioner James O’Halloran says it is nevertheless encouraging that so many small businesses have implemented SuperStream ahead of the deadline.
“We expect that many more small businesses will be SuperStream compliant when they make their super contributions for the June quarter,” Mr O’Halloran said.
“Through the ATO’s ongoing engagement with small businesses, we understand some need more time to implement their SuperStream solution or to work with a SuperStream expert to find a solution that suits their needs.
“The ATO will not be taking compliance action against small businesses who miss the 30 June deadline and will continue to work to support them to get SuperStream ready.
“By providing this flexibility, small businesses will have another four months to make the changes and ensure they are compliant by 28 October.”