The Australian Government is offering a free online clearing house service to small businesses with fewer than 20 employees. The Small Business Superannuation Clearing House (the Clearing House) is designed to reduce the red tape and compliance costs for small business when meeting their superannuation guarantee obligations. As part of these obligations, businesses may need to make superannuation contributions into numerous different superannuation funds. This process can be time-consuming and result in increased admin costs.
The Clearing House is administered by Medicare Australia and lets small businesses pay superannuation contributions to a single location.
Employers can register their employees' superannuation fund details and superannuation contributions with the Clearing House for processing. The Clearing House will then distribute the super contributions to relevant funds.
NGS Super is registered with Medicare to receive any contributions from employers sent through the Clearing House.
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Superannuation Fund Number (SFN): 1345/339/49. Superannuation Product Identification Number (SPIN): NGS 0001AU. Account Based Pension SPIN: NGS0002AU. NGS Super ABN: 73 549 180 515. This website is provided by NGS Super Pty Limited ABN 46 003 491 487 AFSL 233 154.