Superannuation Funds (AU)

Form ID: (MP.PP.21.52)

The Superannuation Funds form lets you set up APRA funds and Self-Managed Super Funds (SMSF).

Form Toolbar

The form toolbar includes standard and form-specific buttons. For the list of standard buttons, see Form Toolbar and More Menu. The form-specific buttons are listed below.
Element Description
Register previously saved funds If any self-managed superannuation funds were set up before you registered for the MYOB Pay Super service, these funds will not be registered for the service, and you will encounter errors when trying to submit batches to the service. Click this button to register any pre-existing funds with the Pay Super service.

Summary Area

This area lets you choose the type of superannuation funds you want to manage. A link in this area indicates whether your system is configured to use the MYOB Pay Super service, or to generate a SuperStream Alternative file (SAFF) for manual submission. Clicking on this link opens the Payroll Preferences (MP.PP.11.00) form, where you can change this option on the Pay Superannuation tab.
Element Description
Fund Type Select the type of funds you want to add or edit:
  • APRA Funds - regulated superannuation funds supervised by the Australian Prudential Regulation Authority (APRA).
  • Self Managed Funds - self-managed superannuation funds supervised by the Australian Taxation Office (ATO).

Main Table

The main table displays details of all superannuation funds that have been set up.
Element Description
Fund ID Enter a unique ID code for the superannuation fund.
ABN Enter the Australian Business Number of the superannuation company.
USI Enter the Unique Superannuation Identifier (USI) for the superannuation provider. Each Superannuation Fund's USI must be unique.
Fund Name A descriptive name for the superannuation fund.
In Australian companies, when setting up an APRA fund, this field is a dropdown containing a list of approved APRA funds. Select the appropriate fund.
Note: You can create multiple Superannuation Funds for the same APRA fund, as long as each fund's USI is unique.
When setting up an SMSF fund in Australian companies, this field is read-only, and is populated automatically after the ABN is entered.
Override For APRA funds, you can tick this option to manually enter an APRA fund that is not available in the Fund Name dropdown. For SMSF funds, ticking this box lets you enter a fund name that differs from the automatically-populated one.
Note: It is only possible to override the name when adding a new fund—once the fund has been added and saved, you can no longer tick this option.
Override Fund Name If the Override box is ticked, enter a new fund name for the fund.
Account Name SMSF only. Enter the name on the superannuation provider's bank account.
BSB SMSF only. Enter the Bank, State and Branch portions of the superannuation provider's bank account number.
Account Number SMSF only. Enter the account portion of the superannuation provider's bank account number.
ESA SMSF only. Select the Electronic Service Address for your superannuation service. This field is required for SMSFs.
Supplier ID The superannuation company that contributions will be sent to must be set up as a Supplier using the Vendors (AP.30.30.00) form. Select the Supplier record that relates to the superannuation fund.
Location The supplier location used in transactions for this fund. This can be overridden in employees' Standard Pays.
Payment Method Select the payment method that will be used to pay contributions to the superannuation fund.
Cash Account The cash account used in transactions for this fund. This can be overridden in employees' Standard Pays.
Employer ID APRA funds only. Enter your company's membership number for the superannuation fund.
Active APRA funds only. This option indicates whether or not the fund is currently active. Inactive funds will not be available for selection on other forms. You cannot make a fund inactive if it is included in any unprocessed superannuation batches.
Default APRA funds only. Tick this option to make the fund the default choice for new employees.
Table 1. Fund EmployeesThe second table shows read-only details of all employees who have been assigned to the selected superannuation fund.
Element Description
Employee ID The employee's unique ID code.
Employee Name The employee's name.
Pay Group ID The ID code of the pay group that the employee belongs to.
Pay Group Description The descriptive name of the pay group that the employee belongs to.
Pay Item ID The ID number of the pay item that the employee uses to contribute to the superannuation fund.
Pay Item Description The descriptive name of the pay item that the employee uses to contribute to the superannuation fund.
Contribution Type The type of contribution: Employee Super or Employer Super.
Calculation Method How the contribution is calculated: Amount, Rated or Percent Of.
Amount ($) The dollar amount of the contribution.
Percent The percentage of the employee's pay that the contribution represents.