Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Cutting red tape for Wakefield small business



Download PDFDownload PDF

Monday 25 June 2012

CUTTING RED TAPE FOR WAKEFIELD SMALL BUSINESS

Small businesses in Wakefield are being encouraged to take up a free Australian Government service that can save them as much as eight hours paperwork each quarter.

Federal Member for Wakefield, Nick Champion, said small businesses in Wakefield would receive information this month as part of a nationwide mail-out promoting the service.

“Small businesses with 19 or fewer employees can use this service to save time and lighten paperwork,” Nick Champion said.

“The Clearing House makes it possible for them to pay their staff’s superannuation contributions in a single electronic transaction. It then distributes the contributions to the nominated superannuation funds.”

Administered by the Department of Human Services, the Clearing House in its first two years has already transferred more than 560,000 payments valued at over $316 million.

“To date, the response from small businesses to this service has been overwhelmingly positive, with 99 per cent of respondents telling government they would recommend it to other small businesses,” Nick Champion said.

“Supporting small business is important and the Clearing House does that. It cuts red tape, allowing business owners more time to concentrate on their day-to-day work.”

Small business owners interested in finding out more can also watch a webcast featuring the “Barefoot Investor” Scott Pape, representatives of the Australian Tax office and the Small business Superannuation Clearing House.

To register, access the webcast, or just find out more visit humanservices.gov.au/smallbusinesssuper.

Media Contact: Mathew Werfel 8284 2422 - 0417 805 384

Media Release Nick Champion MP Federal Member for Wakefield