Australia Income Tax Treaty exempts superannuation from U. We can provide a Tax Opinion to secure the legal exemption. The free SMSF DataFlow ESA (Electronic Service Address) service and website are no longer available. To use the SMSF DataFlow ESA you must have an Accountant or Adviser that has a Class Super license and uses Class Software to process your SMSF. You will need to change to another service provider Westpac QuickSuper SMSF Gateway offered by Westpac Bank. The smsfdataflow solution is provided by listed SMSF software company Class Limited.
For the electronic messages to be received (and NOT cause any rejection messages) the SMSF must be administered on the Class SMSF software platform. The SuperStream data and payment standard is part of the Government’s Stronger Super initiative and introduces a streamlined method of sending superannuation payments and associated information electronically. All SMSFs that are administered on Class will automatically be registered with SMSF DataFlow.
New data standards which are part of the SuperStream reform require superannuation funds to accept employer contributions and other information from employers electronically. YOUR SUPER: Anywhere. Become an SMSF Specialist AdvisorGain a valuable and highly regarded industry designation, while reducing your FASEA obligations and education costs. (more…)