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  • Involuntary superannuation account transfer protocol

    The involuntary superannuation account transfer (ISAT) protocol is a guide for super providers and suppliers who will transfer member accounts, without members' instigation, to provide accurate and timely information for all members in reporting us.

    It provides our current view on a number of technical issues related to ISATs. It also gives guidance on the information about member accounts that a transferring fund needs to give to a receiving fund.

    The protocol will assist funds and administrators:

    • contemplating a merger
    • negotiating a deed of agreement
    • conducting due diligence
    • finalising a merger.

    It contains a checklist of data that should be included in the transferring fund, and our position on best practice for ISATs.

    The protocol is generally restricted to tax-related issues, because the Australian Prudential Regulation Authority (APRA) is responsible for equivalent member rights and the other prudential aspects of a merger.

    See also:

      Last modified: 05 Dec 2016QC 45368