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  • CRT Alert 041/2020

    Recent trustee communication about SuperStream rollover message version 3 implementation

    Earlier today the ATO wrote to large super fund trustees to advise of ATO and APRA support for an extension to the transition period that funds have to move to version 3 of the SuperStream rollover message from 31 March 2021 to 30 September 2021.

    The changes to incorporate SMSF rollovers into the SuperStream data and payment standards take effect from 31 March 2021. While APRA encourages trustees to comply with the requirements as soon as possible, APRA does not expect failure to comply with these requirements to be reported as a breach prior to 30 September 2021.

    The letter also asked trustees to provide initial readiness information to assist with ATO planning to support of the testing and onboarding process.

    For more information in relation to the readiness information, please contact SuperStreamStandards@ato.gov.au

      Last modified: 10 Aug 2020QC 63383