A Clearing House makes managing multiple super funds a breeze

MTAA Super accepts contributions from clearing houses. If you need to pay contributions to multiple super funds each month, a clearing house allows you to submit a single payment along with contribution details for all staff. The clearing house then remits your payment and data electronically to each of the funds, as chosen by each employee.

In Australia there are many clearing houses to choose from, and you should consider the various benefits of each clearing house before deciding which one is right for you. Your current payroll provider may have a clearing-house facility available for your use, and you may wish to consider their offering.

When a clearing-house facility is used, the ATO determines that for Superannuation Guarantee (SG) purposes, the contribution is made when the payment or cheque for payment is received at the super fund, not the date it is received by the clearing house.

Since the clearing-house facility you elect to use is not provided by the Trustee of MTAA Super, you should read the product information guide for the clearing-house facility you are considering, before making a decision about the product.

If you have fewer than 20 staff members the Australian Government provides a free clearing-house facility via the Small Business Superannuation Clearing House, which is administered by Medicare Australia. Details of this clearing house can be found at www.medicareaustralia.gov.au/super.