The SuperStream reforms will affect superannuation funds and employers and require will contributions and rollovers to be sent using a new data and e-commerce standard.
Mandated use of the new standard will be progressively introduced; APRA funds and retirement savings account providers will be required to use the standard for processing fund rollovers from 1 July 2013.
From July 2014, all large and medium employers will be required to send contributions in the new format, and all super funds, including self-managed super funds, will be required to receive contributions in the new standard.
Arrangements for small employers are still being worked through with stakeholders.
- SuperStream data and e-commerce standard: an overview for funds
- SuperStream data and e-commerce standard: an overview for employers
An overview of the new superannuation data standard, what makes up the standard, what it will look like and what funds need to know to be ready in time
This video about the data and e-commerce standards, part of the SuperStream measures, is the second in a series.
Last updated: 14 Nov 2012
Page ID: 13495