Important changes for employees’ superannuation within XERO!
The merger of Queensland's two largest superannuation funds QSuper and Sunsuper continues and on July 1, 2022 a major change that affects employers who contributed to these funds for their employees. Australian Retirement Trust (as the merged fund is known), has updated its Unique Super Identifier (USI) and ABN for members that were in the Sunsuper fund.
The new ABN is: 60 905 115 063
The new USI is: 60 905 115 063 003
Please note that member numbers will not change.
What you have to do
If you have employees for whom you contribute superannuation payments to Sunsuper, you will need to update the superfund details in your payroll software.
For XERO:
- Click on your company name in the Top Left corner à Settings
- Click on Payroll Settings
- Click on Superannuation
- Click on Add Superannuation Fund
- In the Name box type 60905115063003, and select Australian Retirement Trust Super Savings
Then for each employee:
- Click Payroll then Employees
- Click on the relevant employee
- Click on Employment
- Click on the existing Sunsuper fund
- Select Australian Retirement Trust Super Savings and enter the employee’s member number (this will be the same member number as Sunsuper)
- Click OK
- Click Save
If you have any questions about the changes, contact LINK Advisors and we can guide you through the process.