Managing Compliance
The diversity of super fund contribution business rules is compounding the complexity and cost of managing super for employers. Employers do not have the time to learn each fund's special rules to ensure they comply.
Many employers are learning many months after payments come back, that the funds their employees choose are not able to accept contributions or have special rules that prevent payment in particular circumstances.
Helping Adhere to Your Compliance Obligations
Because employers are liable to meet Superannuation Guarantee and Superannuation Choice obligations, SuperChoice Direct conducts rigid provider compliance checks to protect your liability.
SuperChoice Direct displays Fund Alert warnings, before the payroll office connects and pays to any APRA fund; we block payments to funds that aren't eligible to accept contributions (around 250 of the 600 products under APRA jurisdiction).
SuperChoice's fund database is based on live feeds from over ten different industry and government sources - keeping the fund data up to date.
How Does SuperChoice Supersede Manual Processing?
The service takes all non-default superannuation contributions and transfers the contribution data and funds via a secure connection to the correct administrator which eliminates the need to process, validate, write and post cheques manually.
I no longer cringe everytime superannuation comes around.
Carmel Bull, National Payroll Manager, WORKFORCE