The Australian Taxation Office’s (ATO) decision to extend the deadline for small businesses to become SuperStream compliant to 28 October has been welcomed by the SMSF Association.
The SMSF Association’s managing director and chief executive, Andrea Slattery, said the ATO should be applauded for adopting a flexible approach to the original 30 June deadline.
“Extending this deadline is an acknowledgement that some small businesses do need extra time and assistance to implement the changes required to become SuperStream compliant, especially as the end of financial year is particularly busy,” Slattery said.
“Once again the ATO has demonstrated it is willing to work with all superannuation sector participants, including employers, to deliver the best outcome.”
