Knowledge Hub

Payment Methods With Beam

One of the benefits of using Beam is that it aims to allow you to select from multiple payment options quickly and easily for different types of super contributions.

Note: The payment options available to you will be determined by your payroll system and will appear in the Beam wizard. You’ll only be able to review payment options and update, add or remove details for direct debit accounts in the Beam Wizard

Direct Debit
EFT
BPAY®

You may be able to reduce your workload with a user initiated direct debit. Beam will automatically debit the amount owing from your bank account after you have submitted your contribution in your payroll software.

Step 1. Open the Beam Wizard and click the “Start” button.

Step 2. Click through to step 2 in the wizard, “Payment Method”.

Step 3. The account/s available are listed under “Direct Debit Requests”. You can add additional accounts by clicking the “Add another” button. Scroll down and enter the BSB, Account Number and Account Name and then click “Save”. To remove a direct debit account, simply click on the account, its details will appear and then click “Remove”.

Step 4. In the final step, you’ll need to accept the terms and conditions for your selection. Take a moment to review the details and then, if you are satisfied, accept the terms and conditions and click “next” to finish. You will now be able to select from the updated or added direct debit option/s each time you make super payments.

You can pay your contributions via EFT through your financial institution, using the account details and payment reference number provided in your payroll software after you have submitted your contribution. You must use the payment details provided and send your payment the same day as submitting the contributions in your payroll software. Failing to send payment the same day as submitting contributions will result in delays in the nominated superannuation fund(s) receiving the contributions and could result in you failing to meet your employer superannuation obligations.

You can pay your contributions via BPAY® through your financial institution, using the BPAY® biller code and customer reference number provided in your payroll software after you have submitted your contribution. The customer reference number is unique to each contribution you submit. You must use the reference number provided and send your BPAY® payment the same day as submitting the contributions in your payroll software. Failing to send payment the same day as submitting contributions will result in delays in the nominated superannuation fund(s) receiving the contributions and could result in you failing to meet your employer superannuation obligations. If you’re not currently using BPAY® in your business, please check with your financial institution to see if this facility is available to you.

®Registered to BPAY Pty Ltd ABN 69 079 137 518

This document is current as at January 2023. Beam is issued by Precision Administration Services Pty Ltd (Precision), ABN 47 098 977 667, AFSL No. 246 604. Precision is wholly owned by Australian Retirement Trust Pty Ltd ABN 88 010 720 840, AFSL No. 228975, as Trustee for the Australian Retirement Trust, ABN 60 905 115 063. Australian Retirement Trust products are issued by Australian Retirement Trust Pty Ltd. The information about Beam on this page is provided by Precision. The information on this page about Australian Retirement Trust is provided by Australian Retirement Trust Pty Ltd.
This document contains general advice and does not take into account the account the objectives, financial situation or needs of any particular individual or business. You should consider if the advice is appropriate to your own circumstances before acting on it. Outcomes are not guaranteed. Past performance is not a reliable indication of future performance. You should also consider the relevant Product Disclosure Statement (PDS) before deciding to acquire or continue to hold any financial product.