Reversing an Electronic Payment

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If you had already set up any self-managed super funds before registering for Pay Super, you'll need to create new self-managed super funds for these employees after registering for Pay Super.

Standard super funds are those used by most employees. These funds are registered with – and regulated by – APRA (Australian Prudential Regulation Authority). If you need to set up a self-managed super fund, see the info in the section below.

1. Go to the Lists menu and choose Superannuation Funds. The Superannuation Fund List window appears.
2. Click New. The Superannuation Fund Information window appears.
   Enter the Name you want to use for the fund within AccountRight. For example, you might want to give a fund with a long or confusing name a shorter, clearer one. (This is different to the fund's Registered Name, which we'll get to shortly.)
3. If you've signed up to Pay Super, select the fund Type as Standard (APRA-regulated). Standard funds are those registered with – and regulated by – APRA (Australian Prudential Regulation Authority).
4. Select the fund's Registered Name from the list. This is the name that's registered with APRA.
   If a SPIN (Superannuation Product Identification Number) or USI (Unique Superannuation Identifier) exists for the fund, it will appear in the SPIN/USI field automatically. The ABN for the fund will appear automatically as well.
5. If you've signed up for Pay Super and want to pay the fund directly from AccountRight, make sure you select the Pay directly from AccountRight option on the right.
6. Click OK. The fund now appears in the Superannuation Fund List window.
7. Repeat from step 2 for each additional standard fund you want to create.

You may also check this Help Article for more information: Set up superannuation funds