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  • CRT Alert 054/2019

    Provision of details service terms of use has been extended

    In May 2019 we issued CRT alert 031/2019 advising that our guidance on the use of provision of details service (PODS) would be updated to include another scenario.

    We advised that the PODS could be used where funds identify members that are impacted by the insurance changes in the protecting your super package.

    This position will be extended to include where funds identify members are impacted by the insurance changes that are part of the Treasury Laws Amendment (putting members' interests first) Act 2019 (the PMIF Act).

    This will help funds inform members of their superannuation interest and the impact legislative changes will have on that interest, assisting the member to choose whether to maintain or create a superannuation interest.

    Fund trustees must maintain adequate records to show they have considered the terms of use and guidance available on the use of PODS and their decision to use it in the allowable circumstances. We expect this evidence to be produced if we conducted a review of the fund's compliance with the terms of use.

    We will update this advice on our website content for PODS.

      Last modified: 18 Nov 2019QC 60630