Payment Method Explained (Superannuation Funds)

Aimee Slatter

Sep 27, 2024

1350

🎯 Payment Method is the second section within the Superannuation Fund Master File and details the relevant information about the Super Fund, which is used when creating a SuperStream Submission.

Superannuation Fund Generate Employer Identifier allows you to enter the unique Employer ID issued to you by the Superannuation Fund.

Payment Method defines the method in which you will forward payment for Superannuation.

👉 If Direct Credit is selected, the following fields are displayed.

BSB enables you to store the BSB for the Superannuation Fund.

Account Number enables you to store the Bank Account Number for the Superannuation Fund.

Account Name enables you to store the Bank Account Name for the Superannuation Fund.

👉 If BPay is selected, the following fields are displayed.

BPay Biller Code enables you to store the BPay Biller Code for the Superannuation Fund.

Customer Reference Number (CRN) enables you to store the CRN for the Superannuation Fund.