Medicare clearing house should go to ATO
The superannuation contributions clearing house established within Medicare should be transferred to the Australian Taxation Office (ATO).
That is the recommendation of the chief executive of superannuation administration company AAS, John McMurtrie who told the Conference of Major Superannuation Funds (CMSF) such a transfer made good sense.
He said the Medicare clearing house was doing good work for employers with fewer than 20 workers but did not represent an instinctive choice.
McMurtrie said that in circumstances where the ATO handled BAS reports and withholding tax it represented a natural home for the clearing house.
Further, he claimed employers were more likely to access a clearing house based in the ATO.
McMurtrie also called for a June 30, 2015 date for the abolition of cheque processing in the super industry and a 2013 date for the abolition of paper-based transactions.
AUTHOR
Mike Taylor
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