SBSCH – Small Business Superannuation Clearing House
The Small Business Superannuation Clearing House has had a major overhaul this year and accessing it with a User ID and password is no longer possible.
Many people are up in arms over the change as it doesn’t make sense, but unfortunately, as with all governmental changes, we adapt and adopt the changes.
So how does one access the SBSCH? Head to ato.gov.au and select the appropriate login.
We pulled the following directly from the Tax Office update:
New features of the SBSCH are listed below:
- the SBSCH bank account details have changed. The new details are available on the Payment Options screen when completing a Payment Instruction – update any saved BPAY payment references in your internet banking or other banking services
- the SBSCH is no longer accessible with a user ID and password authentication. Find out how to access the SBSCH via online services
- using our online services gives you access to a range of tax and super services with one logon
- web addresses for the old system have been redirected to this page – update any bookmarks that you have saved to the appropriate online service
- payments can now be made by credit card. We use the Reserve Bank’s Government EasyPay service
- a payment reference number will be provided to you for paying by BPAY, Credit Card, or Direct Credit
- you can now save and manage multiple draft payment instructions – however you can only submit them one at a time
- sort function on employee listings
- SMSF details are checked for accuracy and a selectable list of SMSF electronic service addresses are available to choose from.
Note: If you make super payments by EFT or BPAY to the SBSCH using your credit card account, you may be charged a fee by your financial institution.