<?xml version="1.0" encoding="utf-8"?>
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xml:lang="en" lang="en" xmlns="http://www.w3.org/1999/xhtml">
  <head>
    <!-- Start Webworks code in head section-->
    <meta http-equiv="Content-Type" content="text/html;charset=utf-8" />
    <meta http-equiv="Content-Style-Type" content="text/css" />
    <!-- saved from url=(0014)about:internet -->
    <title>Setting up Superannuation funds</title>
    <link rel="StyleSheet" href="" type="text/css" media="all" />
    <link rel="StyleSheet" href="css/webworks.css" type="text/css" media="all" />
    <link rel="StyleSheet" href="document.css" type="text/css" media="all" />
    <script type="text/javascript" language="JavaScript1.2" src="scripts/expand.js"></script>
    <script type="text/javascript" language="JavaScript1.2" src="scripts/seealso.js"></script>
    <script type="text/javascript" language="JavaScript1.2">
      <!--
        var  WebWorksRootPath = "";
      // -->
    </script>
    <script type="text/javascript" language="JavaScript1.2">
      <!--
        		var  WebWorksSeeAlso = "xxx";
		      // -->
    </script>
    <!-- End Webworks code in head section-->
    <!-- Start custom CSS for layout-->
    <style>	
		#topborder {
		position : absolute;
		top: 0px;
		left:0px;
		width : 100%;
		height: 36px;
		background-color: #E4F1F8;
		padding: 0px;
				}
		#navigation {
		position : absolute;
		clear: right;
		top: 90px;
		width : 20%;
		left: 10px;
		border-right:3px dotted #C2DDF3;
		padding : 1px;
		overflow: hidden;
		}
		#content {
		margin-top: 42px;
		margin-left : 23%;
  		padding : 1px;
		}
		</style>
    <!--End custom CSS for layout-->
  </head>
  <body style="">
    <!--ZOOMSTOP-->
    <!--Above is code to tell the search engine to not index top matter-->
    <div id="topborder">
      <!--Start navigation buttons and company info at top of page-->
      <div style="text-align: left;">
        <table height="32px" cellspacing="5" summary="" align="right">
          <tr>
            <!--TOC is suppressed because of left navigation 
		  <td wwpage:condition="navigation-toc-current">
            <img src="images/tocx.gif" wwpage:attribute-src="copy-relative-to-output" alt="Table of Contents" wwpage:attribute-alt="navigation-toc-title" border="0"/>
          </td>
          <td wwpage:condition="navigation-toc-not-current">
            <a href="toc" wwpage:attribute-href="navigation-toc-link"><wwexsldoc:NoBreak /><img src="images/toc.gif" wwpage:attribute-src="copy-relative-to-output" alt="Table of Contents" wwpage:attribute-alt="navigation-toc-title" border="0" /></a>
          </td>
		  End comment for TOC suppression-->
            <!--Previous/next buttons are suppressed because of left navigation 
         <td wwpage:condition="navigation-previous-exists" valign="top"> 
		 <a href="previous" wwpage:attribute-href="navigation-previous-link"><wwexsldoc:NoBreak />
		<img src="images/prev.gif" wwpage:attribute-src="copy-relative-to-output" alt="Previous" wwpage:attribute-alt="navigation-previous-title" border="0" />
		</a> 
        </td>
          <td valign="top" wwpage:condition="navigation-previous-not-exists">
            <img src="images/prevx.gif" wwpage:attribute-src="copy-relative-to-output" alt="Previous" wwpage:attribute-alt="navigation-previous-title" border="0" />
          </td>
          <td wwpage:condition="navigation-next-exists" valign="top">
            <a href="next" wwpage:attribute-href="navigation-next-link"><wwexsldoc:NoBreak /><img src="images/next.gif" wwpage:attribute-src="copy-relative-to-output" alt="Next" wwpage:attribute-alt="navigation-next-title" border="0" /></a>
          </td>
          <td wwpage:condition="navigation-next-not-exists" valign="top">
            <img src="images/nextx.gif" wwpage:attribute-src="copy-relative-to-output" alt="Next" wwpage:attribute-alt="navigation-next-title" border="0" />
          </td>
		  		  End comment for Previous/next button suppression-->
            <a name="top"></a>
            <td valign="top">
              <a href="ix.html"><img src="images/index.gif" alt="Index" border="0" /></a>
            </td>
            <td></td>
            <td>
              <form method="get" action="searchhelp.htm" align="right">
                <input type="text" name="zoom_query" size="20"></input>
                <input name="submit" type="submit" value="Search" size="60"></input>
              </form>
            </td>
          </tr>
        </table>
      </div>
      <table summary="">
        <tr>
          <td class="WebWorks_Company_Logo_Top">
            <img src="images/logo.gif" />
          </td>
        </tr>
      </table>
    </div>
    <!--End navigation and company info at top of page-->
    <!--Start container for all content-->
    <div id="content">
      <br />
      <div class="WebWorks_Breadcrumbs" style="text-align: left;">
        <a class="WebWorks_Breadcrumb_Link" href="ch_overview.35.2.htm#1290815">M-Powered Superannuation</a> &gt; <a class="WebWorks_Breadcrumb_Link" href="ch_settingup.36.1.htm#1290815">Setting up M-Powered Superannuation</a> &gt; Setting up Superannuation funds </div>
      <!---Index image-->
      <!---Index image-->
      <!--ZOOMRESTART-->
      <!--Above is code to tell the search engine to start indexing after this line-->
      <blockquote>
        <div class="hm_ModuleHeading"><a name="1290815">Setting up Superannuation funds </a></div>
        <div class="b_Body"><a name="1292742">To be able to pay superannuation using M-Powered Superannuation, you need to create a list </a>of the superannuation funds that you will pay.</div>
        <div class="hr_RunInHeading"><a name="1295698">Choice of superannuation fund</a></div>
        <div class="b_Body"><a name="1295753">The </a><span class="ei_EmphasisItalic">Choice of superannuation fund</span> legislation, introduced on 1 July 2005, gives employees the right to choose which superannuation fund will receive their employer superannuation guarantee contributions. </div>
        <div class="b_Body"><a name="1295768">As an employer, you need to provide eligible employees with a </a><span class="ei_EmphasisItalic">Standard choice form</span>, so they can nominate their preferred superannuation fund. You can print a <span class="ei_EmphasisItalic">Standard choice form</span> using your MYOB software.</div>
        <div class="b_Body"><a name="1295704">For more information about your superannuation choice obligations, contact the ATO.</a></div>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1295688&quot;);">
          <span class="N_007eProcBullet"></span><a name="1295688">To set up an M-Powered Superannuation fund</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1295688", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd1295688", false);</script>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">1	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1285941">Go to the </a><span class="w_Widgets">Lists</span> menu and choose <span class="w_Widgets">Superannuation Funds</span>. The <span class="w_Widgets">Superannuation Fund List</span> window appears. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">2	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1285942">Click </a><span class="w_Widgets">New </span>to set up a new superannuation fund. The <span class="w_Widgets">Edit Superannuation Fund</span> window appears. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">3	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1287352">Enter the name of the superannuation fund in the </a><span class="w_Widgets">Superannuation Fund Name </span>field and press <span class="k_Keys">Tab</span>. New fields appear in the lower part of the window. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="btFi_TipHeadingFirstIndent">
          <span class="N_007eNoteCautionWarning">tip : </span><a name="1285952">Name of the superannuation fund</a></div>
        <div class="btLi_TipBodyLastIndent"><a name="1285953">The name of the superannuation fund you specify in </a>the <span class="w_Widgets">Superannuation Fund Name</span> field is for your own reference and, therefore, can be just a shortened version of the fund’s name, or it could denote a group of your employees using this same fund (for example, Zurich Superannuation—Warehouse Staff).</div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">4	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1285954">Enter the superannuation fund membership number in the </a><span class="w_Widgets">Employer Membership #</span> field. This is a unique employer identification number provided by the superannuation fund.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">5	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1285956">Type the contact details for the fund in the </a><span class="w_Widgets">Contact Phone Number</span> and <span class="w_Widgets">Fund Website</span> fields.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">6	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1295396">Select the </a><span class="w_Widgets">Pay using MYOB M</span><span class="w_Widgets">‑</span><span class="w_Widgets">Powered Superannuation </span>preference. The <span class="w_Widgets">Superannuation Fund to Pay</span> field appears. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bnfi_NoteHeadingFirstIndent">
          <span class="N_007eNoteCautionWarning">note : </span><a name="1285957">You cannot pay self-managed superannuation funds (SMSFs) using M-Powered </a>Superannuation</div>
        <div class="bnLi_NoteBodyLastIndent"><a name="1285958">If your employee has a SMSF, do not select the </a><span class="w_Widgets">Pay using MYOB M</span><span class="w_Widgets">‑</span><span class="w_Widgets">Powered </span><span class="w_Widgets">Superannuation </span>option. You will need to process their fund payments separately. For more information, see <span class="l_Link"><a href="ch_using.37.9.htm#1285457">Self-managed superannuation funds</a></span>.</div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">7	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1285966">Click the search icon next to the </a><span class="w_Widgets">Superannuation Fund to Pay</span> field. The <span class="w_Widgets">Select from List </span>window appears. This list contains the names of fund products. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bnfi_NoteHeadingFirstIndent">
          <span class="N_007eNoteCautionWarning">note : </span><a name="1296966">Ensure you select the correct superannuation fund product</a></div>
        <div class="bnLi_NoteBodyLastIndent"><a name="1292299">There may be quite a </a>few similarly named superannuation products provided by a superannuation fund. If you do not select the correct superannuation fund product, this may cause delays in processing your payments. If you are unsure of your employee’s exact fund product, contact their superannuation fund.</div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">8	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1292306">Select a product and click </a><span class="w_Widgets">Use Fund</span>. The <span class="w_Widgets">Edit Superannuation Fund</span> window reappears, containing superannuation fund product details. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">9	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1296004">Click </a><span class="w_Widgets">OK</span>. The <span class="w_Widgets">Superannuation Fund List</span> window reappears. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bsc_BodyStepContinued"><a name="1297001">The superannuation fund you created now appears in the list as an MYOB M-Powered </a>Superannuation fund. </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">10	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1296021">Repeat from </a><span class="l_Link"><a href="#1285942">Step&nbsp;2</a></span> for each superannuation fund you need to set up.</div>
              </td>
            </tr>
          </table>
        </div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVClose();</script>
        <div class="href_ReferenceBlockHeading"><a name="1297156">Related Topics</a></div>
        <div class="bbi_BulletedIndented_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bbi_BulletedIndented_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="ch_settingup.36.5.htm#1294617" name="1297160">Setting up your employees’ superannuation</a></span></div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bbi_BulletedIndented_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bbi_BulletedIndented_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="ch_settingup.36.3.htm#1290814" name="1300251">Setting up your business bank account</a></span></div>
              </td>
            </tr>
          </table>
        </div>
      </blockquote>
    </div>
    <div style="font-family:Arial, Verdana;font-size:x-small;text-align: right;">
      <a style="color:gray" href="#top">Top of page</a>
    </div>
    <!--End container for all content-->
    <!--Start container for left navigation-->
    <div id="navigation">
      <script type="text/javascript" src="scripts/quickmenu.js"></script>
    </div>
    <!--End container for left navigation-->
    <!--Start stuff at bottom of page-->
  </body>
</html>