AustSafe Super has announced it will partner with SuperChoice to provide its employers with a clearing house service.
AustSafe Super chief executive Craig Stevens said offering a clearing house service was becoming increasingly important when operating within a choice-of-fund environment.
“Vast amounts of administrative resources can be consumed in sending cheques and electronic funds transfers to multiple funds. However, we can address these inefficiencies and offer a more valuable service to our employer members by providing access to a clearing house,” Stevens said.
SuperChoice will provide a branded clearing house solution for AustSafe Super’s employers, which can be accessed through the fund’s website.
AustSafe Super employers will be able to make payments to any complying superannuation fund through a payroll upload system.
Grid contribution capabilities will also be made available, and it will have the ability to be scaled to suit the needs of either large or small employers.
