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  • 2018 RDF report

    The 2018 large fund industry report collates and summarises fund reporting performance for the 2017–18 year, and is based on data extracted from ATO systems on 31 December 2018. The tailored diagnostic reports were delivered to all recipient funds by the end of April 2019. The report provides a five year comparison of funds’ performance against key industry benchmarks.

    With the transition to Member Account Attribute Service (MAAS) in September 2018, the 2018 diagnostic report used member lost status data from MAAS (instead of lost member statement LMS data).

    The RDF model underpins our engagement strategy with large super funds in relation to super reporting obligations. The 2018 iteration of the report assesses fund performance across 12 quantitative indicators. The ‘Timeliness of LMS’ indicator was removed this year as most funds were not required to lodge a lost member statement for the period ended 30 June 2018.

    For the 2018 iteration of the RDF report only minor changes to the diagnostic reports were made, as we start shifting to consider MAAS and the Member Account Transaction Service (MATS) reporting for future years. The changes in the 2018 report include:

    • new statistics for MAAS, MATS and transfer balance account report (TBAR) lodgment information
    • SuperTICK statistics were excluded to make way for the MAAS/MATS/TBAR data which we considered more relevant this year
    • the number of lost members was taken from the MAAS rather than the lost member register. The value of lost uncontactable and inactive accounts was obtained from the 2018 member contribution statement (MCS)
    • statistics showing employer contributions reported via MATS without an employer Australian business number (ABN).
      Last modified: 17 Jul 2019QC 46621