Super fund clearing house pays out A$50m in first year

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AUSTRALIA - The Superannuation Clearing House, a free service that streamlines superannuation payments for small businesses, has had around 4,500 employers registered in its first year of operation, the government said.

It said the clearing house, operated by Medicare Australia, now covered 30,000 employees and had made 90,000 superannuation payments since its launch on July 1 2010. Employers with less than 20 ...

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