A clearing house facility allows you to streamline the payment of employee contributions to multiple super funds, reducing the time you spend on super administration.
The clearing house receives the electronic transfer of data and funds from you, and 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
QuickSuper, provided and managed by Westpac, is the clearing house now available free-of-charge to AustralianSuper participating employers .
To be eligible to use the free clearing house:
- employers must be a participating employer of AustralianSuper
- AustralianSuper must be the default fund
- more than 50% of the total number of employees must be members of AustralianSuper.
Think you’re eligible?
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Find out more about how it works with the
QuickSuper guideLess than 20 employees
Are you a small business with less than 20 employees but still want to enjoy the benefits of streamlined super payments? You have access to a free clearing house service provided by Medicare. For information and to register, visit Medicare’s
website.
Becoming eligible
If more than 50% of your employees are members of AustralianSuper, but we’re not the default fund or you haven’t signed up to be a participating employer, becoming eligible is easy.
- To be a participating employer, you just need to join AustralianSuper
- To ensure that AustralianSuper is your company’s default fund:
- nominate AustralianSuper as your workplace default fund on the Standard Choice form
- include a superannuation clause in a Workplace Agreement
Example
Your company has two default super funds - AustralianSuper and Super Fund B.
| Total staff in factory default fund - AustralianSuper | Total staff in office default fund – Super Fund B | Office & factory staff in other funds | Total number of employees |
| 40 out of 50 (67%) | 8 out of 10 (13%) | 12 (20%) | 40 + 8 + 12 = 60 |
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 QuickSuper clearing house.
If you’re not sure whether you currently meet the eligibility requirements, you should contact your Account Manager in your state or territory or call us on 1300 300 273.
How to apply
You can apply online to use QuickSuper. Once you’ve registered your details, we’ll check that you’re eligible and confirm the outcome within two business days.
If you have any questions about your application, please contact us on 1300 300 273.
QuickSuper is a registered trademark and a product owned and operated by Westpac Banking Corporation ABN 33 007 457 141. Westpac’s terms and conditions applicable to the QuickSuper service are available after your eligibility for the free clearing house service is assessed by AustralianSuper. A Product Disclosure Statement (PDS) is available from Westpac upon request.
AustralianSuper Pty Ltd ABN 94 006 457 967, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898. Industry SuperFund logo used with the permission of Industry Fund Services (IFS). This consent has not been withdrawn at the date of publication.
AustralianSuper does not recommend, endorse or accept responsibility for this service. AustralianSuper does not accept liability for any loss or damage caused by the use of the QuickSuper service. AustralianSuper does not receive any commissions from Westpac as a result of employers using this service.