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This article covers our Australian Business Number collection process for Australian customers.
Deputy will soon launch a new and improved onboarding flow for all new team members, streamlining how employees select their Superannuation while ensuring compliance with Superannuation regulations.
To enable this update in your account in the future, we need your Australian Business Number (ABN) in your business settings.
In this article, we'll cover:
How to add your ABN to Deputy
Why adding your ABN is essential
How to add your ABN to Deputy
1. On the People tab, select New hire onboarding.
2. Click Onboarding settings.
3. At the top of the page, there's a new section called Set up your business entity. Click Set up business entity to get started.
4. On the Onboarding settings page, click Add business entity.
5. A pop-up window will appear prompting you enter your 11 digit ABN. Once entered, click Search, then Add entity.
Note: Business entities can’t be deleted after they’re added, so double-check your ABN and legal name before continuing.
After adding your first entity, you can add more if your business has more than one.
Why adding your ABN is essential
Adding the ABN is essential to the new process, and provides key benefits for the organisation and your team members:
- Compliance & automation: It enables the system to automate the new member number process for partnered super funds.
- Stapled fund identification: In the future, it will allow Deputy to display the team member's 'stapled fund' (ie. the last fund they paid into) during onboarding.
- Employee financial well-being: By facilitating the use of a stapled fund, this reduces the chance of employees opening multiple funds and incurring multiple fees. This can help protect the retirement savings of team members.
- Full Choice: It ensures new hires have full, compliant visibility of all available super funds, giving them maximum choice.