What is a clearing house facility?

A clearing house facility allows you to make just one payment when paying contributions for your employees to multiple superannuation funds.

The clearing house receives the electronic transfer of data and funds from you, then distributes the various payments to the other funds chosen by your employees.  

The clearing house facility available through AustralianSuper is an administrative service designed to assist participating AustralianSuper employers.

The AustralianSuper clearing house offer

Depending on your particular circumstances, we may offer the clearing house service free of charge or on a preferential pricing scale.

To be eligible for AustralianSuper to pay all your clearing house costs you must:

i Be a participating AustralianSuper employer, and

ii Nominate AustralianSuper as the default fund for more than 50% of your employees, and

iii Have more than 50% of the total number of your employees as members of AustralianSuper.

Example
Your company has two default super funds - AustralianSuper and Super Fund B.

In this example, AustralianSuper is the default fund for more than 50% of your total staff AND more than 50% of your total employees are members of AustralianSuper. Your company would be eligible to use the clearing house to allocate contributions for the 20 staff not using AustralianSuper, at no cost to you.

This means you would send payment and contribution dates as follows:

a) for the 40 AustralianSuper members, send direct to AustralianSuper through your choice of available options (electronic, payroll file, paper forms, etc); and

b) for the 20 non-AustralianSuper members, send to the clearing house (a service provided to you directly by Automatic Data Processing Limited).

How do I apply for the clearing house facility?

To apply to use the clearing house facility, complete the application form.

Once you have completed the form, AustralianSuper will advise whether the clearing house can be provided free of charge to your business, or if the preferential fee structure outlined below would apply.

What if my business does not meet all of the eligibility requirements?

If you have nominated AustralianSuper as your default super fund, but less than 50% of your employees have chosen AustralianSuper, then you may be eligible for our preferential pricing. (I.e you have met conditions i and ii, but not iii. See above).

The preferential fee structure is outlined below:

These prices are subject to change from time to time.

Who is the clearing house services provider?

All clearing house services will be provided to you directly by Automatic Data Processing Limited ABN 70 003 924 945 (ADP) Employer Services, not AustralianSuper.

ADP Employer Services has over eight years' experience providing payroll and clearing house facilities to Australian businesses of all sizes.

Please note that AustralianSuper is not responsible for the service, views or actions of ADP, and you should obtain the terms and conditions relating to the facility from ADP and review these carefully before taking up the offer. You will need to enter into a formal agreement with APD and provide bank account and other details to enable the service to be provided to you.

For further information about AustralianSuper's clearing house solution call AustralianSuper weekdays 8am-8pm (EST).

AustralianSuper does not recommend, endorse or accept responsibility for these products or services. Terms and conditions apply – these should be obtained from the relevant third-party organisation. AustralianSuper does not accept liability for any loss or damage caused by the products and services provided by this/these third party/ies. AustralianSuper may invest in this/these third party/parties but does not receive any commissions from this/these organisations as a result of members using their products and services.