Hi @Paul-Tarago,
The payments will go into each employee’s super fund once their fund receives the money from the Small Business Superannuation Clearing House (SBSCH).
These payments don’t go to the employee’s super fund as soon as the employer makes a payment towards their SGC ATO payment plan.
Here’s how the SBSCH process works:
- When the employer sends payment instructions and makes a payment to the SBSCH, the clearing house then sends that money to each employee’s super fund.
- It can take up to 7 business days for the money to move through the SBSCH and then through the super fund before it shows in the employee’s super account.
It's important to remember that if the employer pays the correct SG amount on or before the due date, their SG obligation is met as soon as the SBSCH receives and accepts the payment. This is true even if the employee won’t see the money in their super account until later.
If the employer is under an ATO payment arrangement, and the SG wasn’t paid by the original quarterly due dates, then SGC rules apply instead. The SGC process is separate from SBSCH payments. When SGC is paid to us, we send the SG amount and interest directly to the employee’s super fund.
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