Ready for super reform - a guide for APRA-regulated super funds

SuperMatch 2

What is the policy intent?

In January 2016, we plan to deliver a new web service, SuperMatch 2, which will provide you with information that will help you to consolidate accounts for your members. While the scope and delivery date are yet to be confirmed, the following information provides an overview of our current thinking.

What is decided?

SuperMatch 2 will respond to requests from you via a Strategic Web Service (SWS) or using the file transfer function on the portal for file-based requests.

What will be the main differences from the current SuperMatch service?

SuperMatch 2 offers a more streamlined approach -- you just need to accept the online terms and conditions about how you can use it. You won't need to sign a paper agreement as is currently the case with SuperMatch.

The table below provides a comparison between the existing SuperMatch service and the planned SuperMatch 2 service.

Feature	SuperMatch	SuperMatch 2
General	SuperMatch provides you with information about: active accounts lost member accounts super guarantee amounts we hold superannuation holding account monies we hold co-contribution amounts we hold unclaimed super monies we hold	SuperMatch 2 will provide you with information about: all member accounts (other than those in pension phase, closed accounts or accounts that can't be rolled over) all categories of ATO-held monies
Input channel	Electronic commerce interface (ECI) flat file with 280,000 record limit	Web-XBRL form via SWS/XBRL file via the file transfer portal function with no maximum limit
Searching	SuperMatch currently searches MCS , LMR and ATO-held money data	SuperMatch 2 will search MCS, LMR, ATO-held money and: new member accounts reported to us by the Super TIC service LISC monies we hold SuperMatch 2 reports will exclude: accounts in pension phase closed accounts accounts that can't be rolled over
Consolidation	SuperMatch can be called again to request transfer of SHA and/or SG amounts	ATO-held monies will be transferred automatically if appropriate

What will the responses include?

We expect all SuperMatch 2 responses will include:

• a matching response (whether the TFN is matched or not)
• the provided or derived TFN
• a 'no' response if no membership or ATO-held monies were found and where information was found:
• name of the super fund
• super fund ABN
• member account number
• member identifier (if present)
• full name of member
• TFN of the member
• does the provider accept government contributions on behalf of the member
• insurance indicator Y/N (not for new member accounts)
• defined benefit indicator Y/N (not for new member accounts)
• inward rollovers accepted Y/N
• outward rollover permitted Y/N
• activity status of the account
• Y indicators if ATO monies are held.

What isn't decided?

The terms and conditions of using SuperMatch 2 are likely to include a requirement that you can accept ATO-held monies on behalf of your member and that you have the required agreement of your member to conduct the search.