2019/20 EOFY cut off dates for BEAM batch payments
With the End of the 2019/20 Financial Year approaching (EOFY), there are a few things you will need to keep in mind when it comes to Superstream.
If you are a Beam user, to ensure that your contributions are allocated in the 2019/20 financial year we encourage the following:
Direct Debit users
- Funds debited from the nominated account(s) will be sent to the nominated superannuation fund (s) within five business days. This includes the time it will take for the funds to clear.
- Delays may occur in the processing of direct debits for reasons outside Precisions reasonable control. For example, delays in processing by the relevant financial institutions.
- Submit and pay your contributions by 3:30 pm AEST on Tuesday 23 June 2020. This is to ensure your contributions are allocated in the 2019/20 financial year.
BPAY users
- Funds paid by BPAY will be sent to your nominated superannuation fund(s) within three business days of us receiving both your contribution and correct payment.
- Submit and pay your contributions by 3:30 pm AEST on Wednesday 24 June 2020. This is to ensure that your contributions are allocated in the 2019/20 financial year.
Learn how to set up BEAM to make super contributions in Payroller with our simple user guide.