Current news for APRA-regulated funds Keep up to date with the latest news for large Super funds by subscribing to our Super email updates and RSS news feeds. New information is published here regularly. Find out about: July updates June updates May updates April updates Super News Subscribe to Super News by emailing SuperNews@ato.gov.au to receive a monthly summary of links to news articles published throughout the month. Latest news July updates Illegal early release of super16 July 2018 We issued a media release warning the public about a recent scam where promoters are encouraging people to illegally access their super early. It's important to remind your members that if they're approached by a promoter, they should seek advice from a professional advisor or check with us. Release authority streamlining update11 July 2018 From July 1 2018, there are changes to the approach to releasing amounts, a temporary timeframe extension for return and payment of streamlined release authorities, and updated excess concessional contributions determination (ECC) and excess non-concessional contributions determination (ENCC) instructions. Superannuation Industry Engagement Forum recording and talkbook available5 July 2018 The recording and talkbook is now available for the Superannuation Industry Engagement Forum held on Wednesday 27 June 2018. June updates 2018 USM reporting changes29 June 2018 New subject line 'Lodge USM Adjustment/Non-Lodgment Templates Advice' is now available in the Business portal for large super funds to lodge their USM templates. CRT Service commitment review20 June 2018 We've updated our service commitment to include recent enquiry types such as Transfer Balance Account Report (TBAR) and Small Business Superannuation Clearing House (SBSCH). June and July 2018: Super remittnace and recovery processing schedule16 June 2018 The ATO super processing schedules for June and July 2018 are outlined below. This reflects the channel the files and payments will be sent through for each specific product. Together, we’ve reached a milestone13 June 2018 Government and industry have delivered the SuperStream program and have achieved far more than a ‘back-office’ tidy up. Join the Superannuation IEF live stream event in June13 June 2018 We will live stream the Superannuation Industry Engagement Forum (IEF) on Wednesday 27 June 2018 from 10.00am–4.30pm AEST. Final MATS Business Implementation Guide (v1.0) and MATS Transition Handbook6 June 2018 The final MATS Business Implementation Guide (BIG) and MATS Handbook are now available. PCG 2018/2: Propagation arrangements adopted by registrable superannuation entities released6 June 2018 Practical Compliance Guideline PCG 2018/2: Propagation arrangements adopted by registrable super entities was recently released. Superannuation Guarantee Amnesty announced1 June 2018 Take advantage of the Superannuation Guarantee Amnesty and catch up on your obligations without penalty. May updates Superannuation consultation activities – May and June 201818 May 2018 Super consultation activities for May and June 2018 for SuperStream, APRA fund communications, First Home Super Saver (FHSS) scheme and Downsizer. MAAS Q&As updated18 May 2018 Member Account Attribute Service (MAAS) questions and answers (v2.0) now available. May and June 2018: Super remittance and recovery processing schedule17 May 2018 The ATO super processing schedules for May and June 2018. Elect or revoke election to be non-deductible before 1 July 201811 May 2018 What funds need to do to notify the ATO to be non-deductible by 1 July 2018. Open for consultation – MATS draft legislative instrument8 May 2018 The Member Account Transaction Service (MATS) draft legislative instrument is now available for comment on the ATO legal database. Transfer balance cap update8 May 2018 Transfer balance cap update for commutation authorities, excess transfer balance tax notices of assessment. April updates Discussion paper on duplicated accounts included in Total superannuation balance20 April 2018 There's currently a known issue where an individual’s Total superannuation balance (TSB) has duplicated accounts. Draft legislative instrument for review18 April 2018 We are seeking feedback on the draft legislative instrument for pay as you go (PAYG) withholding variation to the rate of withholding for income stream beneficiaries who turn 60 years old during the financial year. Direct claims for individuals with a terminal medical condition18 April 2018 Individuals with a terminal medical condition (TMC) can now make a direct claim for their ATO-held entitlements in super guarantee (SG), superannuation holding account special account (SHAsa) or unclaimed super money (USM) accounts. SuperStream Benchmarking Reports published18 April 2018 The reports features status and trends in contributions processing by super entities. Employers not paying super? Talk to us13 April 2018 If you think an employer is not meeting their SG payment obligations you can report this to us. Large fund diagnostic report - webinar13 April 2018 Large super funds who would like to learn more about the fourth iteration of the Risk Differentiation Framework (RDF) and their tailored diagnostic reports are encouraged to watch this webinar. April and May 2018: Super remittance and recovery processing schedule10 April 2018 The ATO super processing schedules for April and May 2018 are outlined in this article. Update to release authorities6 April 2018 We will be updating the release authority (RA) and release authority statement (RAS) for excess super contributions and Division 293 tax. See also: Superannuation CRT Alerts Read the latest news for large super funds.Last modified: 16 Jul 2018QC 56125