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  • CRT Alert 090/2018

    14 December 2018

    Displaying fund name at unique superannuation identifier level

    Individuals with a myGov account can view information about their superannuation via ATO Online. With the implementation of event-based reporting and single touch payroll we will be increasing the information that is displayed to individuals.

    Information on super funds:

    • is displayed on a number of pages on ATO Online, for example, the fund details page, which displays memberships and account balances
    • currently includes your organisation name, which is displayed at the Australian Business Number (ABN) level.

    We are aware that displaying ABN level information may cause confusion for your members, as they may know their “fund” by the product Unique Superannuation Identifier (USI) name rather than the organisation name.

    Changes we will make:

    From March 2019, we will make changes to ATO Online to display super fund product names at the USI level (rather than the organisation name). This change will be rolled out progressively across the relevant ATO Online pages. This means initially, some ATO Online screens will display super funds at the USI level while other screens will continue to display super funds at the ABN level.

    For SuperStream-enabled funds, we will source the product name from the Fund Validation Service (FVS).

    What you need to do:

    • Check the product name on the Fund Validation Service (FVS) and ensure you are comfortable with how your product names are worded. For example, if a product is referred to as “retirement fund”, consider amending the name to include a more personalised name such as “[name] retirement fund”. This may make it easier for your members to understand which product is being referred to.
    • If you are using a default USI, a product name cannot be derived from the FVS, and the organisation name will continue to be displayed on ATO Online. Therefore there is no action required by you in relation to the name being displayed.

    How to make changes to the FVS:

    • Funds need to use the Lodge super product (FVSU) service to notify us of new or updated product details on the FVS.

    See also:

      Last modified: 17 Dec 2018QC 57660