Superannuation fund details are set up and maintained (updated) in Superannuation Funds Maintenance. You must set up details for every superannuation fund into which contributions are made. Ensure that you complete all mandatory fields, as described below.
To set up a superannuation fund
Choose Setups, Payroll, Superannuation funds, Maintain.
Type a Superannuation Fund Code of your choice and click Enter.
Enter the Superannuation Fund Name.
Enter the address details.
Complete all mandatory fields, as required:
An ABN is required for all superannuation funds.
For self-managed funds, the mandatory fields are BSB, Account Number, and Electronic Service Address (Alias) fields, and select the SMSF check box.
For retail superannuation funds, enter the USI (Unique Superannuation Identifier) in the SPIN/USI field, so that the superannuation clearing house can correctly identify the fund.
Note: If you intend to select the fund as the default fund for employee onboarding, then you must also complete the Website address and Telephone fields.
Choose Accept (F9) to save the fund set up.
To update superannuation fund information
Choose Setups, Payroll, Superannuation funds, Maintain.
Select the Superannuation Fund Code.
Update the required information.
Choose Accept (F9) to save the changes.
Connect Super Fund to Employee Super/Other Account
Once you have entered this information, the Super Fund needs to be connected to the employees Super/Other Account in the Masterfile. The employee super member code is also stored in the Super/Other Account. See Setting up Employee Super/Other Accounts.