Any business that needs to make superannuation payments can use the service.
Any qualifying superannuation funds that can receive a choice-of-fund payment can be paid through S-Pay. S-Pay reserves the right to reject payments to funds which do not meet compliance checks or legal criteria.
Smaller employers may prefer to administer multiple transactions through their online banking solution, while others prefer to handle it as one transaction through a Clearing House like S-Pay.
Simply complete the online application form and request a Product Disclosure Statement (PDS) at Get S-Pay.
Depending on how quickly it takes for S-Pay to receive the completed paperwork, the set-up process may take from 3 to 5 working days before you can start making payments.
Generally it will take from 3 to 5 working days from the time the contribution data and funds are submitted, to the day the payment is received by the fund.