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  • Deployment timelines

    SuperStream v3 (including SMSFs)

    ATO deployment

    • July 2019 – Scoping, design and consultation
    • January 2021 – Onboarding

    Industry deployment

    • February 2020 – SMSF validation service build and test Mar 20 – Oct 20
    • April 2021 – Funds must comply with the SuperStream standard

    SMSF & small APRA Fund member increase from 4 to 6

    ATO deployment

    • July 2019 – Design, build and test SMSF annual return

    Industry deployment

    • July 2019 – Design, build and test
    • Note: draft law has not been released

    SMSF 3 yearly audit

    ATO deployment

    • July 2019 – Design, build and test

    Industry deployment

    • July 2019 – Design, build and test

    Limited Recourse Borrowing Arrangement (LRBA)

    ATO deployment

    • July 2019 – Amendments to total super balance rules

    Industry deployment

    • July 2019 – Reporting start date
    • Note: subject to law being passed

    Inactive low balance accounts and proactive consolidation of ATO-held super

    ATO deployment

    • July 2019 – ATO will commence proactive rollovers of USM amounts to eligible active super accounts where combined balance is less than $6,000
    • November 2019 – Proactive consolidation of ATO held accounts

    Industry deployment

    • October 2019 – Inactive low-balance accounts less than $6,000 need to be reported and paid by 31 October 2019

    Assurance report

    (RDF redesign)

    ATO deployment

    • July 2019 – Industry co-design to build Justified Assurance reports

    Emerging technology

    ATO deployment

    • July 2019 – Digital ID (AUSKey replacement) co-design
    • March 2020 – AUSKey replacement

    Flexibility for older Australians

    ATO deployment

    • July 2019 – ATO build to increase the bring forward period for those aged 66 years

    Industry deployment

    • July 2019 – Funds to accept contributions for individuals aged 65 and 66 will also be able to make voluntary contributions without meeting the work test, and those under 75 will be able to receive contributions made by another person on their behalf if they meet the work test
    • Note: draft law has not been released

    Change control

    Change control table

    Deliverable

    Change

    Version

    Super transactions and services

    Revised AWS timeline

    Inclusion of Superannuation dashboard enhancements commencing May 2018

    31 March 2018

    Emerging technology

    Inclusion of emerging technologies likely to have some impact on the super industry, including Digital ID, New Payment Platform (NPP), Blockchain and Operational Framework.

    31 March 2018

    MAAS

    Added MAAS build timeline for completeness

    4 April 2018

    MATS

    Inclusion of funds to lodge 2017–18 MCS via BDE

    4 April 2018

    USM/20C

    Inclusion of industry transfer of unclaimed accounts via RTR

    4 April 2018

    Single Touch Payroll

    Addition of employee/employer key to accurately reflect industry milestones

    4 April 2018

    Downsizer

    Inclusion of ATO portal solution being developed for MATS reporting

    19 April 2018

    Single Touch Payroll

    Employee commencement timeline updated to reflect the releases of the services over three phases

    19 April 2018

    Early release of superannuation on compassionate grounds

    Added in key events starting from July 2018

    16 May 2018

    SMSF rollovers

    Added SMSF rollovers in SuperStream Standard and re versioning the MIG from late 2019.

    16 May 2018

    All products

    Revised timeline for all deliverables to align with start date of July 2018

    27 August 2018

    Inactive low balance accounts and proactive consolidation of ATO-held super

    Inclusion of key milestones

    5 September 2018

    Justified assurance report

    (RDF redesign)

    Inclusion of key milestones

    7 September 2018

    LISTO

    Removal of LISC – LISC was repealed to become LISTO from July 2018

    22 October 2018

    Income streams

    Removal of Income streams as this work has been delivered and is no longer relevant to include on the roadmap

    21 November 2018

    First Home Super Saver Scheme (FHSSS)

    Removal of FHSSS as this work has been delivered and is no longer relevant to include on the roadmap

    21 November 2018

    Early release of superannuation under compassionate grounds (CRS)

    Removal of CRS as this work has been delivered and is no longer relevant to include on the roadmap

    21 November 2018

    Limited Recourse Borrowing Arrangement (LRBA)

    Inclusion of key milestones

    21 November 2018

    SMSF & small APRA fund member increase from 4 to 6

    Inclusion of key milestones

    21 November 2018

    SMSF 3 yearly audit

    Inclusion of key milestones

    21 November 2018

    SMSF Rollovers V3

    Transitional period for funds added to timeline

    11 February 2019

    Proactive consolidation

    Proactive consolidation will commence from 1 November 2019

    21 March 2019

    Downsizer

    Removal of Downsizer as the ATO portal solution was delivered in October 2018

    24 July 2019

    MAAS and MATS

    Removal of MAAS and MATS as this work has been delivered and is no longer relevant to include on the roadmap

    16 August 2019

    Single Touch Payroll

    Removal of Single Touch Payroll as this work has been delivered and is no longer relevant to include on the roadmap

    16 August 2019

    Contributions Cap Changes

    Removal of Contributions Cap as this work has been delivered and is no longer relevant to include on the roadmap

    16 August 2019

    Super transactions and services

    Removal of Super transactions and services as this work has been delivered and is no longer relevant to include on the roadmap

    16 August 2019

    Flexibility for older Australians

    Inclusion of key milestones

    26 August 2019

      Last modified: 02 Oct 2019QC 52654