Hostplus
David Elia
Data improvement under Payday Super
this approach is riskier. Testing an unedited file helps highlight real errors, giving employers time to fix issues within their system before they result in rejected or delayed contributions in live pay runs. Hostplus continues to share updates to help employers stay informed and confident as Payday Super takes effect. For the latest information, visit hostplus.com.au/paydaysuper . Disclaimers This information is general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this information is appropriate for you in light of your circumstances before acting on it. Please read the relevant Product Disclosure Statement and Target Market Determination available at hostplus.com.au/pds and hostplus.com.au/ddo before making a decision about Hostplus. Issued by Host-Plus Pty Limited ABN 79 008 634 704 as trustee for the Hostplus Superannuation Fund ABN 68 657 495 890.
Payday Super is fast approaching. Many employers are focusing on practical steps to help super contributions run smoothly under the new timing rules. Data quality is a key area. Even small errors in employee or fund information can cause delays. Under Payday Super’s shorter timeframes, these delays can directly impact whether contributions are processed and allocated on time. To help avoid unnecessary delays, Hostplus encourages employers to check their ‘true’ data quality. One simple way to do this is by uploading an unmanipulated contribution file. This means submitting the file exactly as it is generated by the payroll or HR system, without manual fixes. Many employers currently adjust files manually to work around known issues. Under Payday Super,
35 Tasmanian Hospitality Review June/July Edition
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