• CRT Alert 011/2016

    New SuperStream Administrative Guidance

    Background

    APRA funds must allocate contributions to a member’s account within three business days of receiving the contribution payment (cleared funds) and the mandatory contribution information, whichever is the later.

    If an employer provides incomplete data you must, within five business days of receiving the contribution details, ask the employer to provide the correct and complete information.

    What you need to do

    The ATO has released new SuperStream administrative guidance on incomplete data not affecting allocation collection of missing mandatory member information.

    Refer below link (copy and paste into the address bar on your browser).

    https://www.ato.gov.au/uploadedFiles/Content/SPR/downloads/spr47559_SuperStream_guidance.pdf

    For more information

      Last modified: 25 Nov 2016QC 50606