SFWG minutes, November 2011

SFWG minutes, November 2011

Meeting details

Venue:

Rooms 719 & 720, Level 12, ATO Latitude East, 52 Goulbourn Street, Sydney NSW 2000

   

Date:

22 November 2011

   

Start:

10:00 am

Finish:

2:00 pm

Chair:

Scott Hooper

   

Contact and Secretariat:

Phil McDonald

Contact phone:

13 28 69

Attendees

Alan Harvey

AAS

Andrea Cooper

Financial Synergy

Anne Dixon

Precision Administration

Chris Smith

Perpetual Investments

Garry Powell

Super SA

George Strilakos

Unisuper

Ian Stirling

Comsuper

Jeff Broderick

Bravura Solutions

John George

ATO - Superannuation

Karen Downes

Superpartners

Kelly Kerr

BT

Kimberly Uesiliana

Russell Investments

Kurt Suitor

QSuper

Linda Cheesman

ATO - CAS, Superannuation

Louie Markovski

ATO - CAS, Superannuation

Maria Anislag

Zurich

Mary Gale

Syncsoft

Mary Murray

ATO - CAS, Superannuation

Michael Zeitlhofer

ATO - Superannuation

Neil McMillan

Pillar

Paul Sims

MLC

Phillip McDonald

ATO - CAS Superannuation

Robert Hodge

ASFA

Roman Wegner

CBA (Colonial First State)

Scott Hooper

ATO - CAS, Superannuation

Simone Sluchniak

GESB

Suresh Soppa

CBA (Comminsure)

Wanchetta O'Neill

Unisuper

Wendy Dangerfield

Onepath

   

Apologies

Amanda Gunn

Mercer

Beth Barry

ATO - Superannuation

James Barnwell

Russell Investments

Jaye Taubman

ATO - CAS, Superannuation

Peter Burgess

SPAA

Rebecca Scott

Perpetual Investments

Sue Pearce

FuturePlus Financial Services

Stuart Brown

Asteron

Tina Cifelli

AMP

Agenda items

Disclaimer

SFWG agendas, minutes and related papers are not binding on the Tax Office or any of the other bodies referred to in these papers. While every effort is made to accurately record views expressed, the wording necessarily represents a summary of statements of general position only, and care should be taken in interpreting those statements. These papers reflect the position at the date of release (unless otherwise noted) and readers should note that the position on any issue may subsequently change.

1. Opening

Scott Hooper (Assistant Commissioner, Client Account Services) opened the meeting welcoming all in attendance.

The draft minutes from the meeting held Wednesday, 7 September 2011 were endorsed as distributed on Thursday 6 October 2011 without change.

2. Review of action items from 7 September 2011 meeting

Action item

07092011/01

ATO to provide SFWG members with the link to "ATO Subscribe" service.

Status

Completed

SFWG Secretariat email issued 7 September 2011 providing link to ATO subscribe.

Action item

07092011/02

ATO to follow-up on progress with reviewing the examples cases provided where funds had been contacted by the member about unclaimed monies already transferred the ATO.

Status

Completed

A number of examples have been provided but the cases reviewed have been incorrect reporting cases or insufficient information has been provided.

Funds asked to provide further examples.

Action item

07092011/03

ATO to provide an outline of the process and timeline for members account information to be updated by a lodgement of a:

  • Lost member statement
  • Unclaimed Superannuation Money Statement

Status

Completed

To be discussed at Agenda item 7.

Action item

07092011/04

ATO to:

  • Progress the inclusion of the LMR provision of updated addresses program into our schedule for November 2011; and
  • Provide confirmation of the delivery timeframe for the next scheduled program to SFWG members and other fund trustee's / administrators
  • Confirm what information can be provided as part of this data (DPID, DOB etc).

Status

Completed

SFWG Secretariat email issued 27 October 2011 providing the timetable for the provision of updated address data to funds during October and November 2011, and confirmed DPID and dollar balance will be included (where available).

Action item

07092011/05

ATO to provide an update to funds on the overall timetable and process with the LMR provision of updated addresses program.

Status

Completed

CRT Alert 037/2011 email issued Tuesday 18 October 2011 to Funds/administrators currently lodging LMS, advising of the November 2011 program.

SFWG Secretariat email issued 27 October providing the timetable for the provision of updated address data to funds during October and November 2011

Action item

07092011/06

ATO to provide an update to funds on the overall timetable and process with the LMR provision of updated addresses program.

Status

Completed

CRT Alert 037/2011 email issued Tuesday 18 October 2011 to Funds/administrators currently lodging LMS, advising of the November 2011 program.

SFWG Secretariat email issued 27 October providing the timetable for the provision of updated address data to funds during October and November 2011

Action item

07092011/07

Members seeking to include a representative from their organisation as a participant in the Super Reforms Working Group are requested to email SFWGSecretariat@ato.gov.au with the details of the appropriate officer that the ATO should correspond with to seek an appropriate nomination.

Status

Completed

15 nominations were received and escalated by SFWG Secretariat. Invitations have been issued to organisations in the week commencing 26 September 2011.

Action item

07092011/08

ATO to consider the recommended changes to the please resolve process including:

  • improving the identification of member's other details (name, date of birth, etc.), that does not match with the member data held by the ATO.
  • a notice direct to the fund members advising of the potential issues of not providing the correct TFN to the fund.

Status

Completed

Linda Cheesman advised:

  • ATO systems do not capture and store all error details in a single accessible location for inclusion in correspondence.
  • Significant changes to ATO systems would be required to achieve the 'please resolve' process improvements funds are seeking (in the first part of the action item).

General discussion highlighted:

  • The Super Reform measures (including use of TFN, expanded member reporting requirements, member validation service, etc) will significantly impact the please resolve process, reducing the benefit (for both the ATO and industry) of any further system changes to that process; and
  • Both the ATO and industry will have limited resourcing to support additional system changes given the resourcing commitments required to deliver Super Reform initiatives already scheduled.

Accordingly, the ATO does not expect to proceed with the requested changes.

The ATO indicated support could be provided to funds should the 2012 process be generated manually.

In regard to the suggestion that the ATO develop a member letter equivalent to the please resolve fund letter (the second part of the action item), advising the member of the potential issues stemming from not providing the correct TFN to their fund, the ATO advised:

  • The main reason that we are sending out a please resolve letter to the fund and not the individual is that we do not hold enough data to adequately identify or match the client to the correct TFN and they are currently considered unmatched within our systems. Therefore we can't identify the right client to send the letter to hence the please resolve letter is sent to the fund instead.

Refer to Agenda item 6 for further discussion on this action item.

Action item

07092011/09

ATO to provide advice on how funds can correctly identify an ECI Sec 299TA notification file from a 'please resolve" file.

Status

Completed

SFWG Secretariat email issued 29 September 2011.

Action item

07092011/10

ATO to provide advice in relation to funds actioning a Sec 299TA advice in relation to a member account that has been closed.

Status

Completed

SFWG Secretariat email advice issued Friday 11 November 2011 in relation to Action item 07092011/10, that funds can destroy a Sec 299 TA notice where the member account has been closed.

Action item

07092011/11

ATO to email SFWG members with details of issue date of Sec 299TB notices and an indication of the number of members per fund.

Status

Completed

CRT email issued 26 September 2011 to Sec 299TB recipient funds advising number of members receiving notices.

Note- CRT Alert 031/2011 issued 23 September 2011 advising broader super fund trustee/administrator audience that Sec 299 TB notices would issue week commencing Monday 26 September and recipient funds would be contacted directly with member count information.

Action item

07092011/12

ATO to provide a copy of the endorsed Sec 299TB Questions and Answers document to members.

Status

Completed

CRT email issued 6 October 2011 to Funds receiving Sec 299TB notices. SFWG Secretariat email issued 26 October to members providing Q and A and copy of Sec299TB notice proformas.

Action item

07092011/13

ATO to provide an update to QSuper regarding the inclusion of members in the Sec 299TB process given the fund has verified the fund data held for members included in the please resolve letters process.

Status

Completed

CRT email issued Thursday 22 September 2011 provided an update for "please resolve" cases and reported the number of members included.

Action item

07092011/14

ATO to provide members with a copy of a pro-forma Sec 299TB Notice.

Status

Completed

SFWG Secretariat email issued 26 October to members providing Q and A and copy of Sec299TB notice proformas (fund and individual).

Action item

07092011/15

ATO to consider the inclusion of further information in the MCS protocol for industry on when a TFN is deemed to have been quoted in circumstances where the fund trustee or supplier obtains a member's TFN from another source e.g. Sec 299TA.

Status

Completed

John George confirmed the MCS protocol will be updated with information as requested concerning inclusion of a TFN in an MCS after a s299TA notice has been received. Other important TFN issues impacting the MCS may also be covered.

Action item

07092011/16

ATO to provide an update in relation to the outcomes of the recent Super Report platform user liaison process.

Status

Completed

Update to be provided under Agenda item 7 - Product Update.

3. Fund segment presentation

Kelly Kerr presented the following update on current and future issues and challenges for the retail segment of superannuation.

3.1 Market Volatility

Market volatility is one of, if not the most, obvious challenge currently faced by all segments of the superannuation industry.

We are currently operating, and have been for some time now, in an extremely challenging market. At the end of March 2011 flows in the industry were at their lowest in 10 years (Source: Plan for Life (Admin); All Master Funds; March 2011).

Volatile markets are something that cannot be controlled or managed so to manage this challenge there is a much higher focus on the things that can be controlled such as expenses.

3.2 Regulatory Reform

Although the current reforms impacting superannuation represent a huge opportunity for the super industry, the sheer volume of change to be implemented over the next couple of years is a significant challenge not only for retail super funds but for all segments of the superannuation industry including super funds, administrators, software developers and the ATO.

The most significant reforms are a result of My Super, SuperStream and FOFA however there are also a number of other changes currently being managed such as Shorter PDS, proceeds of crime, changes to the Managed Investment Trust tax system, the new Tax Agents regime, flood insurance reforms.

Some of the challenges surrounding these reforms include:

  • Influencing the outcomes of the reforms - while the ability to influence reforms is a valuable opportunity it also presents challenges. The sheer amount of work involved in contributing and influencing outcomes via the consultation process is a stretch on resources.
  • The sheer volume of changes to be implemented within a fairly tight timeframe will be a significant challenge
  • Managing the implementation of different changes at the same time will be particularly challenging due to the interaction of these changes with each other, resources and limited availability for IT lodgements
  • The cost of these changes (particularly challenging in the current market)
  • The impact these reforms could have, and to an extent are already having, on consumer sentiment (Australians are concerned about the constant changes to super and this reduces their confidence and their willingness to invest)
  • Helping our customers and advisers to understand the changes and to see the benefits of the changes will be a challenge.
  • Preparing financial advisers for the FOFA reforms has been and will continue to be a challenge. While implementing product and system changes required to comply with FOFA is challenging in itself, preparing advisers is a critical issue in ensuring we maintaining healthy distribution channels as the FOFA reforms are implemented.
  • There are still a number of outstanding unresolved issues from the Simpler Super Reforms and it is likely that new issues and questions will arise as we implement further change.
  • Proceeds of crime requirements are now law however in the absence of any guidance from APRA we really have very little idea how to process these.

While on the topic of change, it is worth mentioning that the draft pension ruling (TR 2011/D3), which examines when an income stream commences and ceases, has the potential to present a very significant challenge to the superannuation industry if this is finalised in its current state. Likely challenges include major system changes and significant tax consequences for super funds and their members.

During discussion of this item, a member indicated that as part of the Trans-Tasman portability scheme it is proposed Australian super funds will be required to track New Zealand preservation components. Such a requirement would require super funds to implement significant and costly system changes which are likely to benefit very few members.

3.3 Super Fund Rationalisation

Managing closed or "legacy" products has been a long standing challenge for many providers in the retail segment.

One of the reasons for this is that there are a number of impediments to consolidating super funds under current legislation.

These "road blocks" to consolidation may now pose a more significant issue in transitioning default members into MySuper products by 1 July 2017 as per the Governments policy intent.

Many of these impediments to consolidation are tax related but there are also a number of non-tax issues as well. Without going into too much detail I will walk through some of these issues briefly. Tax related issues include:

  • Current law doesn't allow the transfer of revenue or capital losses from a transferring fund to a successor fund. Temporary relief was provided recently but this expired on 30 September 2011
  • Under current law if assets haven't been held for 45 days prior to the super fund transfer members will lose the benefits of imputation credits
  • State stamp duty laws trigger duty upon super fund transfer and this cost is ultimately born by the members of the fund
  • Members who haven't provided their TFN to the transferring fund prior to the transfer date will permanently lose the ability to have no-TFN tax refunded as only the transferring fund (and not the successor fund) can claim a tax offset for no-TFN contributions tax in respect of contributions made prior to the transfer
  • Prior to the simpler super reforms successor fund transfers were often excluded from being treated as rollovers of individual member accounts. The revised simpler super legislation appears to have reversed this. If the transfer of member accounts is considered a rollover then the tax-free component must be crystallised upon transfer potentially disadvantaging members who have had negative returns

3.4 Non-Tax Related Issues

Some of the non-tax related issues are:

  • The current "equivalent rights and benefits test" for successor fund transfers is very onerous and doesn't have regard to the overall benefits that will accrue to customers from product consolidation. This results in increased costs in keeping outdated product rules or worse, stopping the transfer altogether.
  • Members are unable to split current or previous year contributions after a super fund transfer. Members who do not split contributions before the transfer can therefore be disadvantaged.
  • Producing and mailing Rollover Benefit Statements to members can be costly to the fund and isn't overly meaningful to members
  • ATO reporting and crediting of superannuation amounts doesn't appropriately cater for super fund transfers. The successor fund cannot simply stand in the place of the transferring (original) fund. This can result in significant delays in processing credits such as co-contributions and outstanding SG amounts to members' accounts

4. Scope of ATO work

Scott Hooper led a discussion outlining the scope of work undertaken by the ATO in relation to Superannuation.

The ATO acknowledged similarities between the challenges confronting the ATO and those of the superannuation industry as highlighted by the earlier fund segment report presented by Kelly Kerr.

The discussion highlighted the following:

4.1 ATO Environment

  1. Administration of Superannuation represents a significant proportion (approx 11%) of work of the ATO
  2. Superannuation has a diverse range of products requiring administration, Including:

    Superannuation Guarantee

    Co-contributions

    Self Managed Superannuation Funds (SMSF)

    Unclaimed superannuation money (USM)

    Excessive Contributions Tax (ECT

    Superannuation Holding Account special account (SHAsa)

    Lost member register (LMR)

    Departing Australia Superannuation Payment (DASP)

    Superannuation Fund Income Tax

    Superannuation Surcharge

  1. The client base covers approx 460,000 superannuation funds including approx 455,000 SMSFs. Of the balance of funds (some of which are Non Regulated Funds including constitutionally protected funds), approx 300-400 are larger APRA funds that we have regular interactions with. Naturally, these funds cover the greater proportion of the Australian population with superannuation.
  2. The ATO is not funded to do all the necessary work. Our focus is to deliver on:
  • key government and community issues.
  • Super Reform;
  • Reuniting members with their superannuation
  • improving and ensuring our business systems deliver the required outcomes.
  • achieving government intent on changing the community attitude towards their superannuation; and managing the perception of the community of how the ATO manages it's obligation as a regulator of the superannuation system.

4.2 2010/20011 Achievements

A powerpoint presentation illustrating the scope of ATO work from a statistical perspective was central to the discussion.

Note - the data included in the presentation is an accumulation of data included in the Commissioner of Taxation ATO Annual Report 2010-11.

Key points discussed were

  1. TFN Matching:-

Highlighted the 85% rate of TFN matching of members reported on the LMR (the highest match rate across our products).

  1. Growth of accounts and value of superannuation accounts reported as lost or reported and paid as USM, highlights the need for the ATO to focus our efforts on reuniting members with their superannuation.
  • LMR has grown by $6.7B since 2008/09.
  • USM - the introduction of new categories of unclaimed super money have seen the value of money held by the ATO more than triple since 2008/09 from $200M to $700M.
  • SHAsa - value held has reduced over the last 3 years from $131M to $72M.
  1. Re-uniting tools
  • SuperSeeker - $2.41B in lost member superannuation located from over 600,000 searches
  • SuperMatch - identified 3.3M accounts valued at $30M.
  1. LMR Outbound Campaigns:
  • Two traditional strategies;
  • Telephone contact - 200K Account Reviews
  • Letter - 500K

However the difficulty in assessing changes (in member behaviour in reconnecting with their lost super) these strategies have achieved raises concerns about their effectiveness.

  1. LMR provision of updated addresses program

This measure has proven very effective in updating fund records and putting the fund in contact with their members while reducing the number and value of lost accounts.

  1. Co-contributions

Key achievements include improving system sustainability and working through the residual data integrity issues.

  1. Audits
  • APRA funds - strategies focussed on accuracy and completeness of:
  • Co-contribution payment variation advice compliance -
  • LMR, USM and Member Contribution Statement lodgements.
  1. High volume of SG complaints resulting in over 11,000 resulting in $329M dollars in SG liability being raised. Further work to improve community communication and refine our intelligence gathering and case selection as over one third of complaints did not result in any liability being raised.
  2. SMSFs - Audit strategies focussed on mitigating high risk areas:
  • illegal early releases,
  • promoters; and
  • new registrations
  1. Superannuation Guarantee

SG is a major government strategy in managing the funding of our ageing population; proposed legislative measures are to be introduced that will incrementally increase the employer contribution rate over the coming years.

  • The ATO recognises this importance of SG with over a quarter of our activities being focused on the product
  • System enhancements planned in 2013 to migrate SG to our integrated core processing system.

4.3 Reuniting people with their Superannuation money

The key strategies for our work in 2011/12 and beyond, includes:

  • LMR provision of updated addresses;
  • High value accounts outbound contact strategy.

Personalised strategy to contact members with high value accounts by telephone; many members contacted were aware of the accounts but had exercised a choice to leave their entitlement in their SHAsa account as it is ... for various reasons.

Super reform measures including auto consolidation may assist with actioning these cases.

  • TFN as primary identifier will assist in driving some of the reuniting strategies in coming years
  • LMR Full Report will refresh our register and provide a more accurate picture of lost accounts
  • Display membership on-line will allow individuals to drive reconnection activity.
  • Small USM balances - system development expected in May 2013 to automate the release of amounts under $200 direct to the individual. All current processing of USM claim for payments are manually processed.
  • Tax Time 2012 eTax process will prompt members with a USM to access SuperSeeker to arrange transfers.
  • General discussion acknowledged the work load challenge all stakeholders face in implementing Super Reform measures will provide opportunities to deliver longer term efficiencies to all stakeholders (ATO and industry) in the administration of superannuation for the broader community.

5. Compliance Update

John George provided an update on the following Compliance issues

5.1 Update from Deduction of Personal Contributions form consultation working group.

Since the update provided at the last SFWG meeting (7 September 2011) the ATO has been working through a number of the issues identified that require ATO guidance in regard to the electronic option. The ATO has been progressing these issues and continues to obtain the required technical and other internal stakeholder clearances.

The small working group is expected to reconvene in December 2011 to assess progress.

An update on this issue will be provided at the March 2012 SFWG meeting (date to be advised)

Separate from the small working group, the ATO advised:

  • intelligence gathered from fund members and other stakeholders indicates that there is a trend of note occurring in industry regarding funds complying with the requirement to provide a deductibility acknowledgement notice in a timely manner.
  • The ATO is maintaining a monitoring brief on this issue and further updates will be provided as required.

The ATO also highlighted the continuing trend of occurrences where individuals have received incorrect Excessive Contribution Tax (ECT) assessments and concerns have been raised by both the individual and the fund regarding the cause of error. The ATO is working to increase communication regarding the correct process for deduction to be claimed including ensuring:

  • Individuals correctly claim the deduction
  • Funds correctly categorise the contributions, and issue deductibility acknowledgements in a timely manner.

5.2 Feedback from members on Education workshops

During September / October 2011, approx 140 industry representatives covering 55 organisations attended the 5 ATO education workshops covering lost member and unclaimed superannuation money reporting obligations. Workshops were held in Sydney (2), Melbourne (2) and Brisbane (1).

Sessions covered:

  • Definitions, Reporting and payment obligations particularly focussing on protocol, audit common findings, common questions, etc.
  • Most discussion focussed on reporting requirements for both obligations.

Feedback from attendees reflected general satisfaction (more than 90%) with the content over the series of workshops. The content was reviewed and changed in light of feedback from the initial sessions.

  • Suggestions for improvement included
  • Audit or product management representatives to present the sessions;
  • Making sessions more interactive;
  • Rolling similar sessions out to SA, WA and TAS would be of value.

A fund representative acknowledged the value of content but felt further discussions on expanded interpretative issues would be beneficial.

Fund representatives acknowledged value in the sessions being facilitated by "webinar" with benefits being the reduced cost in travel, etc, and greater opportunity to program a series of sessions, through to incorporating them in training packages. However funds generally recognised the overall value added in face to face sessions, especially the opportunity for interaction.

Last known address and previous address not reported

A fund representative highlighted an issue raised at the Brisbane session. Funds' system limitations when reporting a lost member as "Found" may be compromising the ATO's ability to match and update that member's status on the register.

General discussion highlighted that the majority of funds only report the found member's new address, and not:

  • the last known member residential address the address (when the member was first reported as lost), or
  • the previous member residential address
  • In addition, this field is only an optional field in the specification.

Lost member data record

Character position

Field length

Field format

Field type

Field name

Field Name

Reference number

220-257

38

AN

O

Member address line 1

LM61

7.74

258-295

38

AN

O

Member address line 2

LM62

7.74

413-450

38

AN

O

Member previous address line 1

LM71

7.83

451-488

38

AN

O

Member previous address line 2

LM72

7.83

543-550

8

DT

O

Member address change date

LM77

7.88

7.74 Member address - line 1 and 2 contain the last known member residential address (excluding suburb, town or locality, state, postcode and country). It may not be necessary to use both lines. If the second line is not used then the field must be blank filled. If line 1 is blank, then line 2 must be blank filled.

Attention icon

This field is optional but if the information is available, it must be provided.

7.83 Member previous address - line 1 and 2 contain the previous member residential address (excluding suburb, town or locality, state, postcode and country). It may not be necessary to use both lines. If the second line is not used then the field must be blank filled. If line 1 is blank, then line 2 must be blank filled.

Attention icon

This field is optional but if the information is available, it must be provided.

7.88 Member address change date - the date the member changed their address to its current value.

The ATO acknowledged that the absence of previously reported addresses may reduce matching the TFN to the member, but the extent of impact may appear relatively low given funds are not reporting these addresses.

The ATO undertook to evaluate the impact this issue has on the unmatched proportion of found members records reported.

Funds indicated the previous addresses are not stored on system front ends and any requirement to include this information would be a significant task, one they are not prepared to change system processes for without stronger guidance from the ATO.

5.3 Audit Outcomes

While there are a number of issues being identified at audit, one key trend of interest is the increased number of MCS audit findings of funds reporting multiple members with the same TFN. Most funds identified have indicated their willingness to rectify their systems/processes in response to this adverse finding.

General discussion of this issue highlighted the funds' perspective that:

  • they do not have access to ATO records to validate if a TFN provided by the member, employer or a fund (transferring the record) is the correct TFN for that individual (other than - the TFN algorithm to verify it is a correct TFN);
  • employers often provide the duplicate TFN for many of their employee members. The ATO recommended funds seek to clarify these cases as they arise;
  • the ATO Section 299TA / TB process, TFN algorithm, and the proposed TFN validation process should resolve these issues. The ATO added that the TA / TB process is not a catch all remedy for duplicate TFN's, and that the TFN validation process (due July 2014) will assist, particularly as employers implement its use.

The ATO reiterated the approach used by auditors;

  • the accuracy and completeness of the data that is being lodged (e.g. MCS)
  • examining the member information includes name, date of birth and TFN;
  • legislative requirements for MCS reporting under the Tax Administration Act 1997 Section 390, includes TFN.

Fund representatives acknowledged:

  • the need for funds to report member records accurately and completely from the data they hold; and
  • funds could review ATO sourced member data with the same TFN.

However, concern remains about:

  • the perceived approach by ATO auditors that funds should seek out member records with duplicate TFNs (by TFN), or
  • funds undertake this process as an active data integrity strategy.

Robert Hodge emphasised that such action by ATO auditors was a concern to the industry as current Superannuation Industry (Supervision) Act 1993 legislation does not support (in fact prohibits) funds use of a member's TFN as an identifier when searching their client database or to identify duplicate accounts. This limitation has been acknowledged by Government and has led to legislative changes to enable the effective operation of a number of Super Reform measures.

  • Legislative change (effective from 1 July 2011) allows a fund to search by TFN to locate amounts held in the fund for a member (i.e. to find an account so as to allocate entitlements or process enquiries).
  • Further changes (effective from 1 January 2012) will allow funds to use the TFN to facilitate the consolidation of interests within the fund (i.e. to search for multiple accounts for one member). An outcome of this is that funds will be able to create a listing of accounts which have the same TFN.)

As such, the industry view is that the current ATO audit action is inappropriate, but concedes that it will be appropriate with respect to the lodgment of 2011/12 MCS reports.

The ATO sought input from representatives on opportunities for funds to work with the ATO on common issues of note raised with the ATO by various stakeholders through various interactions including feedback from the ASFA Conference:

  • employers not necessarily complying with their Superannuation Guarantee obligations as well as other ATO obligations
  • enquiries from members about rollovers to Self Managed Superannuation Funds (SMSF) as well as queries about establishing an SMSF;
  • how we can reduce the volumes and value reported on the LMR and USM register;
  • improving data integrity issues

Brief discussion highlighted some funds are getting enquiries regarding SMSF from independent financial advisers rather than fund members.

6. TFN Notification Process

6.1 Feedback on the Section 299 TB Notification process (September 2011).

Paul Sims provided the following feedback on MLC's experience with their Sec 299 TB notifications:

13 Members listed in the paper Notification;

Members included were all from one MLC product; all members had only one account.

  • 5 members had already left the fund
  • 8 member records were actioned in accordance with the Notification (including the no TFN withholding). No members had personal contributions to be returned.
  • All original TFN records satisfied the ATO algorithm and there had been no ATO update received to amend the TFN recorded.
  • All TFNs have been removed from the member accounts and MLC is about to lodge amending MCS.
  • Contact from the Client Relationship Team regarding progress with processing the Notification highlighted the original was sent to the fund at an older interstate address instead of the current fund postal address. The ATO reissued the Notification to facilitate timely processing
  • The Notification provides sufficient information to enable the fund to carry out the required activities without reference to the Questions and Answers (Q and A) which repeated a number of issues covered by information included in the Notification. MLC was sufficiently aware of the requirements but reference to the Q and A indicated the content was sufficient.

Recommended improvements included:

  1. Ensure the Notification is addressed:
  • to the fund's / administrator's current postal address rather than the address reported on the original Member Contribution Statement (MCS) lodged by the fund for the member record subject to the Notification; and
  • using the contact officer as currently advised on MCS lodgements.
  1. Delivery of the Notification as a soft copy and by ECI to assist with integrated system processing; and
  2. inclusion of the "system code" reported on the MCS lodged for the member record subject to the TB Notification would assist funds in processing larger notifications.

The ATO:

  • acknowledged the use of an older postal address as a shortcoming in the process and will make the necessary adjustments with future processes
  • undertook to examine the other recommendations with the view of incorporating them in future processes.

A number of funds raised concerns regarding the low volume of members issued with a TB Notification. Funds are concerned the reduced numbers (due to ATO data integrity issues) will potentially lead to increased liability exposure for the fund when:

  • members not included in the 2011 process may make further contributions; and
  • leave the fund during 2011/12 financial year; and then:
  • be included in the 2012 TB Notification process.

General discussion highlighted the value of funds actioning member records included in the "please resolve" letter process.

6.2.1 Review of Section 299 TA / please resolve process (2011)

John George provided a statistical overview of the 2011 ATO TFN Notification process:

Notice / Letter Type

Number of funds

Number of member records

Sec 299 TA Notices

275

Approx 20,000

Please resolve letters

185

Approx 7,000

Sec 299 TB Notices

21

60

The ATO confirmed SFWG Secretariat email advice issued Friday 11 November 2011 in relation to Action item 07092011/10, that funds can destroy a Sec 299 TA notice where the member account has been closed.

The ATO is yet to receive formal confirmation from our complex technical area that funds can apply the same process to a "please resolve" letter.

The 2011 please resolve and Sec 299 TA process was significantly impacted by a range of system issues experienced with the automated process impacting data integrity and hampering the process, which contributed to the delay in delivery of the please resolve letters and TA Notifications .

The ATO has implemented a number of system fixes (to redress the data integrity issues), that are to be tested and reviewed from December 2011.

6.2.2 Section 299 TA / Please resolve process (2012)

While a number of data integrity changes to improve the levels of the Sec 299 TA / "please resolve" process have been implemented, they alone do not allow us to automate the process completely.

We anticipate the 2012 process will be run manually, to ensure that it delivers the intended outcomes. Indicative timeframes for delivery are:

  1. Please resolve - towards the end of the first quarter 2012 ( late February/March 2012)
  2. Sec 299 TA - March / April 2012
  3. Sec 299 TB - approx June 2012 with projected volumes of 1,000.

In responding to Action item 07092011/08, Linda Cheesman advised:

  • ATO systems do not capture and store all error details in a single accessible location for inclusion in correspondence.
  • significant changes to ATO systems would be required to achieve the 'please resolve' process improvements funds are seeking (in the first part of the action item).

The ATO reiterated:

  • The please resolve letters are issued where the member's TFN and /or other details (name, date of birth and address) are the cause of the mismatch. All of the data is considered in conjunction with the reported TFN to determine whether the TFN has been validly quoted in relation to the member to whom the TFN was issued.
  • The Notification processes undertaken by the ATO in 2011 (and 2009) have been resource intensive activities with the ATO validating each individual record included in the process and providing support to funds seeking clarification.
  • As mentioned previously, the ATO has implemented a number of system changes to increase the data integrity of please resolve cases, however these changes do not enhance identification (and reporting) of the unmatched data fields.

General discussion highlighted:

  • the Super Reform measures (including use of TFN, expanded member reporting requirements, member validation service, etc) will significantly impact the please resolve process, reducing the benefit (for both the ATO and industry) of any further system changes to that process; and
  • both the ATO and industry will have limited resourcing to support additional system changes given the resourcing commitments required to deliver Super Reform initiatives already scheduled.

Accordingly, the ATO does not expect to proceed with the suggested changes.

Funds confirmed the intent of the action item was to seek a change to the process that enhanced the identification of fund's member data fields (e.g. name, date of birth, etc.,) that do not match with ATO held data. Without this improvement the please resolve process represents a significant workload for funds (approx 3 to 4 weeks for larger funds).

The ATO indicated support could be provided to funds should the 2012 process be generated manually.

Funds reiterated their preference to maintain the please resolve process (even in manual form) rather than to remove it and have only a Sec 299 TB process.

In regard to the suggestion that the ATO develop a member letter equivalent to the please resolve fund letter (the second part of the action item), advising the member of the potential issues stemming from not providing the correct TFN to their fund, the ATO advised:

  • The main reason that we are sending out a please resolve letter to the fund and not the individual is that we do not hold enough data to adequately identify or match the client to the correct TFN and they are currently considered unmatched within our systems. Therefore we can't identify the right client to send the letter to hence the please resolve letter is sent to the fund instead.

The ATO provided a further update in relation to Action item 30032010/06 in which the ATO sought to improve its process by ensuring that please resolve letters are not issued each year for the same member from MCS lodged by the fund.

The ATO advised:

  • the required system change is not in scope due to the impact Super Reform measures will have on the Sec 299 TA / please resolve process. Any change would only be used in the 2013 year it is unlikely these can be implemented.

The ATO will continue to consult with industry about future improvements that can be made.

6.2.3 Section 299 TA / Please resolve process (2013)

A number of options for managing the 2013 process are to be considered.

We will defer a decision about how to proceed until further analysis and consultation is undertaken. The outcomes of the analysis that we are currently conducting will not be known until mid December.

  • if our analysis shows that errors in the automated system have been fixed we would like to allow our system to operate as it designed.
  • the impact of this on funds it that TA notices and please resolve letters will potentially be sent to you every time an MCS is lodged;
  • a current system business rule delays the generation of the notice or letter by 55 working days (almost 3 months after lodgement -end of January for October MCS lodgments).
  • Funds have 60 days to action a please resolve letter before the ATO may issue a Sec 299TB notice.
  • The only real alternative for 2013 is a manual process similar to what we have described for 2012.

The ATO sought feedback from funds on their preference to receive any Notices or letters that may require a change to our business rules. Scope does exist to push out the please resolve timeframe to 90 days.

Given MCS peak lodgement period is October, funds indicated a preference that the notices and letters:

  • do not issue in the lead up to December / January period due to business closures, annual leave and bi annual statement generation activities early in the New Year.
  • to issue within 7 - 14 days of MCS lodgement (avoiding the December / January period).

A number of funds advised they have not implemented automated processing of the TA notifications into their superannuation reporting systems.

6.3 Provision of TFNs in the Future

The ATO highlighted increased use of TFNs is critical to a number of Super Reform initiatives. For example, member accounts will be displayed on line to assist:

  • members reuniting with their super, and
  • funds account consolidation initiatives,

Accounts without TFN will not be displayed.

The ATO is examining a number of options to use the power to provide TFNs through Sec 299 TA Notification more broadly. For example, the proposed Member Identity Validation Service (from early 2014).

6.4 Improvements to correspondence

While it is unlikely any changes can be made for the upcoming 2012 process, the ATO is considering a number of suggestions from the funds for future processes.

  • Section 299TA notice
  • We will update the TA paper notification to include a reference to no action required on accounts that are closed.
  • The ATO has also assessed the TA notification as a high risk to integrity due to the extent of the member's proof of identity data that is included.
  • The ATO will consult with funds to ascertain a reduction in details provided, e.g. if we were to remove the member name from paper notices, would the presence of member number, corrected TFN, date of birth and identifier number be sufficient to action the notice?

Other small changes to the letters may be made for 2013

7. Product Update

Carolyn Harris provided an overview on a number of key scheduling issues.

7.1 Lost member register (LMR) - provision of updated address program

Preparations for the November 2011 process are progressing well. Testing of our data has been carried out and the updated address data is expected to be made available to funds by the end of November 2011.

Approx 180 funds are participating (60 more than May 2011) and approx 700,000 updated addresses worth approx $3B will be provided to funds for review and update.

Analysis of the January and May 2011 process has identified approx 140,000 lost member accounts have been reunited, worth approx $1B.

With reference to ATO strategies to reunite members with their lost super, the ATO will focus on the updated address program, in preference to other outbound campaigns by telephone or letter.

  • Telephone account reviews have ceased for the remainder of 2011/12; approx 127,000 account reviews have been carried out since July 2011.
  • Plans for any outbound letter campaign will not be considered until later in the 2011/12 financial year.

7.2 Lost member register (LMR) re-report

Progress with system design issues to facilitate the refresh of the LMR is progressing well. The ATO is on target to deliver capability for the re-report process in April 2012.

7.3 Unclaimed superannuation money (USM)

7.3.1 USM specifications

The USM specification v5.0.0 draft has been revised with the final version to be published in early December. This version will be the only version acceptable from 26 November 2012.

Note - Final version of USM specification v5.0.0 published on 16 December 2011

7.3.2 USM Case discussion

A fund has sought clarification on the correct treatment to be applied to a new member account (transferred from another fund or employer contribution received) where the member's address is unknown and that at the unclaimed money day, no further contributions have been received.

General discussion highlighted funds are not treating this issue consistently.

The ATO recognises the LMR protocol document has some limitations in applying the law in a strict sense. Our view in relation to this scenario is that it would be reasonable for the fund to determine that the member does satisfy the lost criteria.

The fund may not have an address for the member but is receiving regular contributions. It would not be reasonable in these circumstances to consider the member as lost.

The ATO undertook to provide a response for distribution through SFWG Secretariat.

Action item

22112011/01

ATO to advise on the correct treatment for unclaimed money statement purposes of a new account without an address held by the fund for the member where upon the unclaimed money day, no further contributions have been received.

Responsibility:

Louie Markovski / John George

7.4 Transfer of co-contributions to Superannuation Holding Account special account (SHAsa)

CRT Alert 039/2011 issued Thursday 10 November 2011 to all funds, advising the ATO has commenced the transfer of aged unpaid member co-contribution entitlements from their ATO co-contribution account to the member's ATO tax free SHAsa account. This Alert was updated Wednesday 16 November; clarifying the correct reporting of these entitlements.

Approx 24,000 member entitlements (worth approx $13M) will be incrementally transferred during November and December 2011.

Payment of these entitlements will occur in the monthly SHAsa payment process:

  • once a valid fund destination can be determined; and
  • separate remittance advices (RARN) will issue electronically (Electronic Commerce Interface (ECI)) for these payments. As tax free government co-contributions, the RARN type will be "ORM".

This will mean some funds will receive two monthly SHAsa remittance advices in the same SHAsa ECI transmission, one for tax free entitlements and the other for the traditional taxable entitlement ("ERM").

Note. CRT Alert 042/2011 issued Wednesday 23 November 2011 requesting funds to suspend processing activities in relation to ERM files received due to tax free SHAsa entitlements being incorrectly reported to funds in the taxable ERM files.

Further updates have been provided in relation to this issue including details of the individual entitlements incorrectly reported.

Funds have been requested to return unprocessed entitlements by way of an ORM SHAsa payment variation advice.

The resolution of incorrectly reported entitlements that have been processed by funds as taxable employer contributions is still be progressed.

7.5 Update on Super Report user liaison.

In response to Action item 07092011/16, the ATO advised members that in August 2011, the ATO contacted a number of Super Report users to gauge their use of Super Report in light of a number of issues that impacts the ongoing provision of the Super Report system:

  • the system is built on an information and technology platform which is now outdated; and ;
  • Microsoft no longer supports the platform.

Super reform measure changes will also limit the use of Super Report (with no scope to update) to cater for impending new reporting obligations and processes.

Fund members expressed their concern with any decision to discontinue the use of Super Report without a suitable alternative including the provision of a front end graphic user interface (GUI),

Several members advised that Super Report is that is critical to their reporting processes, being used mainly to lodge problematic single transaction including amendments (Member Contribution Statements); and PVA transactions that could not be automated through generic business systems. Most funds do not use Super Report for initial mainstream reporting processes.

The ATO undertook to progress the issue further and provide updates as required.

8. Scheduling

Linda Cheesman provided a brief overview of the following issues:

8.1 December 2012 payment process

The ATO will bring forward the monthly co-contribution payment process by one week will enable funds to allocate member entitlements prior to business closure over the Christmas / New Year period. Remittance advices and payments will be released week commencing Monday 5 December 2012. There will be no monthly SHAsa payment process.

The ATO Calendar of Activities will be updated shortly and reissued.

Note: The updated ATO Calendar of Activities issued with CRT email ATO update on Wednesday 18 January 2012.

8.2 Reintroduction of monthly Co-contribution Recovery

The ATO continues to work through the resolution of a number of residual issues impacting the monthly co-contribution recovery process.

A further small daily process will be undertaken in the week commencing Monday 12 December to test the process end to end. Impacted funds will be notified by CRT Alert email.

Pending the successful outcome of this small test process, the ATO anticipates reintroducing the monthly recovery process in late January 2012 with recovery notices and correspondence issuing in the week commencing Monday 30 January 2012.

Further updates will be provided to funds through CRT Alert email

Note: CRT Alert 004/2012 issued Wednesday 25 January 2012 advised funds of the recommencement of the monthly co-contribution recovery process, with Recovery Notices and other correspondence being issued during the week commencing Monday 30 January.

8.3 Outcome of peak processing - Member Contribution Statement (MCS) lodgements

In September 2011, the ATO contacted a number of funds that lodge larger volumes of MCS, inviting them to consider lodging earlier and to provide details of lodgements thereby allowing the ATO to better manage annual MCS processing through our peak processing period (i.e. individual income tax returns, fund MCS lodgements, lost member statement and unclaimed superannuation money statements; all due 31 October 2011.

30 of the 54 funds responded, leading to stronger MCS lodgement patterns in late September and October 2011. This achieved an increased number of members being paid their entitlement earlier in the October and November payment processes compared to 2010 processing.

Delivery feedback indicates that processing has been able to be completed with little or no issues. Anecdotally there has been a decrease in the number of errors generated during MCS processing this year, which indicates our systems are working well. We have also noted a decrease in correspondence enquires around 'Where's my co-contribution' which is another positive indicator.

Current year to date (YTD) processing reflects only a small increase of MCS lodgements (1.4%) overall this year (14.27M) compared with similar period YTD 2010 processing (14.07M).

9. Stronger Super Update

Michael Zeitlhofer provided a brief update on Stronger Super developments:

9.1 Legislation Update

The following legislation has been introduced to Parliament:

  • Superannuation Guarantee rate increase
  • Excessive Contributions Tax age limit and
  • Low income super co-contributions (LISC)

The ATO is currently working through a number of issues relating to the LISC payment which unlike co-contributions, can be paid to eligible individuals who aren't required to lodge income tax returns. These issues primarily relate to determining a persons income tax lodgement obligations and the calculation of their income from third party information (e.g. payment summaries).

9.2 Funds Reform Reference Group (FRRG)

The first FRRG meeting occurred on Tuesday 18 October 2011. It is expected this group will generally meet monthly for the coming year.

This group comprises a cross-section of fund types, administrators and software developers. It has primarily been formed to consult upon the administrative design of the various super reforms, hence the need to keep its membership relatively small.

Key issues discussed at the first meeting.

Low income super contribution (LISC)

We will seek alignment with the co-contribution process wherever possible.

LISC will provide a government contribution to approx 3.5 M individuals (3.5 times bigger than co-contribution population base), but as the maximum benefit is $500, the average payment value will be lower that current co-contribution entitlement payments. The LISC payment will be a separate payment from current co-contribution entitlement and will likely be a separate transaction.

Concessional contributions caps / reporting balances

Focus was centred on budget proposals industries desire to change the over 50's with $500,000 ECT budget measure.

Significant changes may be required to facilitate the increased MCS reporting for members approaching 50 years of age.

Fund representatives highlighted concerns industry has about the limited time available to develop and implement changes to reporting by the proposed commencement date (1 July 2012).

The ATO has escalated this issue to representatives of both Treasury and the Government.

Display memberships tool / SuperMatch

At the meeting, we went through some screen mock-ups of the new display memberships tool, which will display individuals' super accounts and balances, as well as give them an opportunity to initiate the consolidation of their accounts.

We also discussed revisions to SuperMatch and the improvements which will see the tool display lost and unclaimed super, as well as active and inactive accounts.

9.3 ATO has contracted an external research agency for user research activities.

Fund representatives may be aware of the appointment of an external research agency to undertake user research activities on behalf of the ATO. The research will assist the ATO in understanding the various issues impacting funds in the reform process. The research will cover individuals, Employers, intermediaries, APRA funds, SMSF Trustees and SMSF Approved Auditors.

While the ATO may provide data to the researcher to help them select interviewees, we do not select them. This is entirely the role of the researcher, given the risk of skewing the survey responses.

It is expected that an initial contact with approx 20 funds will be made to carry out in-depth interviews. This will assist in the development of an online opt-in electronic survey for approx 200 funds.

9.4 ATO Super Reform Roadshows

Approx 350 fund representatives have attended the November 2011 ATO Roadshows held in most capital cities (excluding Hobart, Canberra and Darwin).

Frequently asked questions (FAQ's) are being formulated based on the issues raised at these sessions. These will be made available at the earliest opportunity.

Note: CRT email issued Monday 30 January 2012 advised SFWG members that the ATO Daily Update issued on Friday 28 January 2012 provides questions and answers to help super funds and their administrators prepare for the implementation of various super reforms.

10. Other Business

10.1 SuperMatch - consent of members

A fund representative sought clarity around the current member consent requirements for funds lodging a SuperMatch request for that member. Funds are of the view that the member consent requirements are satisfied where the fund has provided notification to members by way of a product disclosure statement or in the fund's Annual Report, rather than that the fund must receive the members' consent.

General discussion highlighted that it was a requirement in the past for funds to obtain consent, but that this had changed several years ago to the notification requirement outlined.

Action item

22112011/02

ATO to provide clarification for funds regarding the SuperMatch member consent requirements.

Responsibility:

Mary Murray

10.2 Status of Member Contribution Statement protocol document

A fund representative sought clarification of the status of MCS protocol document.

The MCS protocol was published to www.ato.gov.au on Wednesday 20 July 2011.

Changes identified for the protocol will be implemented at the next review.

10.3 Access to Superannuation Guarantee (SG) statements of account (SoA)

In response to a query relating to the unavailability of SoA for Superannuation Guarantee, the ATO advised members to email opssupercrt-rundle@ato.gov.au with details of the fund, and period. Screen dumps of account details will be provided in lieu of a formal SoA.

Note: SG is a legacy system based product and is not included in the functionality for enterprise wide SoA. Functionality is expected to be available after SG is transferred to the ATO integrated core processing platform.

10.4 Update on the Notice of intention to claim a deduction for personal super contributions

A fund representative sought an update on the finalisation of the Notice (NAT 71121)

Action item

22112011/03

ATO to provide an update on progress with finalising the Notice of intention to claim a deduction for personal super contributions (NAT 71121).

Responsibility:

John George

10.5 Issues with accessing the Self Managed Super Fund (SMSF) verification service

Funds discussed a series of outages recently on the SMSF verification service that impacted their ability to process member roll-over requests to nominated SMSFs.

The ATO advised that funds experiencing issues with accessibility to the verification service that are clearly not related to an AUSKey access problem, should escalate the access issue along with details of the member and SMSF involved by email to super-ier@ato.gov.au. The ATO will verify the member and SMSF with priority to provide a timely response to the fund.

10.6 Update on the proceeds of crime issue.

No update is available on a request for advice on this issue. ASFA has written separately to the ATO and Treasury seeking advice.

Further updates will be provided as required.

11. Meeting Close

Scott Hooper thanked all attendees for the contribution and acknowledged those that had agreed to present specific sessions, to a very successful meeting.

Summary of action items from this meeting

Reference

Action Item

Allocated To

22112011/01

ATO to advise on the correct treatment for unclaimed money statement purposes of a new account without an address held by the fund for the member where upon the unclaimed money day, no further contributions have been received.

Louie Markovski / John George

22112011/02

ATO to provide clarification for funds regarding the SuperMatch member consent requirements

Mary Murray

22112011/03

ATO to provide an update on progress with finalising the Notice of intention to claim a deduction for personal super contributions (NAT 71121).

John George

Summary of action items carried forward from March 2011 Meeting

Reference

Action Item

Allocated To

Last Modified: Wednesday, 25 July 2012


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