The Small Business Superannuation Clearing House will be shut off to new users in October, before it’s closed permanently at the end of June next year.
Small businesses have been warned to start making arrangements ahead of a popular superannuation system closing down by mid-next year. The Small Business Superannuation Clearing House (SBSCH) is used by roughly 200,000 Australians to pay and process their workers’ super entitlements.
But it will be shut down by July 1, 2026 with the introduction of Payday Super. Business owners not on the SBSCH have until October 1 this year before sign-ups are permanently closed, and the Australian Taxation Office (ATO) said all users need to get their affairs in order.
“Existing users are encouraged to take steps now to transition to alternative options,” it said.
“These include reviewing your existing software and payroll packages, which may already include super functions, or looking at options offered by super funds, commercial clearing houses, or other payroll software or providers.”