Horse3633
2 months agoUser
Superannuation payment delays
Can MYOB please explain why it takes on average 4 days and on occasion up to 6 days for superannuation proceeds to appear in the funds of our staff, some of which are self managed funds?
We process superannuation payments monthly and this time delay occurs each month.
We loose interest on the funds when they leave our bank account and the fund owner does not have acess to these funds for several days later.
Surely in these modern times of electronic transfer the process should be quicker.