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:
2021
2020
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
2021
March updates
Section 20C notices are about to issue
3 March 2021
We are commencing issuing Section 20C notices for the period 01 July to 31 December 2020.
February updates
SuperMatch annual statement of compliance due 28 February 2021
18 February 2021
Annual confirmation of ongoing compliance with SuperMatch terms and conditions of use is due by 28 February 2021.
Super processing schedule
9 February 2021
ATO superannuation remittance and recovery processing schedule for February and March 2021.
January updates
How to avoid common reporting errors
28 January 2021
We often find funds make mistakes when they are responding to Section 20C notices, undertaking successor fund transfers, closing member accounts and reporting member transactions. Find out how to avoid some of these common errors.
General TBC indexed 1 July 2021
28 January 2021
Indexation of the general transfer balance cap (TBC) will occur on 1 July 2021.
Online services for business is here!
27 January 2021
Online services for business is replacing the Business Portal and the electronic superannuation audit tool, making it easier for you to interact with us online.
Catch up with us virtually at the ASFA conference
22 January 2021
We will be attending the Australian Superannuation Funds Association (ASFA) virtual conference from 10 to 12 February 2021.
2020 super funds survey results are in
20 January 2021
We received a very strong response to our November 2020 survey. Your feedback will help us improve our services and engagement with you. Read about some of the themes, messages and comments we collated from the survey results.
2020
December updates
Adjusting unclaimed super - updated guidance
14 December 2020
If you become aware of a material error or omission in a previous unclaimed superannuation money statement, you need to lodge a valid adjustment request.
Our services over the holiday period
11 December 2020
Our offices will close from midday local time on Thursday 24 December 2020 and reopen on Monday 4 January 2021.
Transfer balance cap indexation
10 December 2020
Indexation of the general transfer balance cap will occur on 1 July 2021 if the All Groups consumer price index figure for the December 2020 quarter is 116.9 or higher.
Increased super guarantee remittance volumes
9 December 2020
You may have noticed an increase in the volume of super guarantee (SG) monies sent to you in November and December due to the end of the SG amnesty period on 7 September 2020.
End of year processing shut down
9 December 2020
With the exception of COVID-19 early release of super files, regular super remittance and recovery processing will shut down from Monday 21 December 2020 until Friday 1 January 2021.
November updates
Key deadlines for early release of super
26 November 2020
Remind your members about the COVID-19 early release of super deadline and let them know about processing time frames due to our annual office closure.
Superannuation funds survey closing soon
20 November 2020
You have until 5.00pm Tuesday 24 November 2020 to complete the survey, so we can improve our services and engagement with you.
Reminder to keep your fund supplier details current
19 November 2020
It is important to keep your fund supplier details up to date to avoid delays in receiving and accessing information we send you.
We want to hear from super fund employees
6 November 2020
Let us know about your experience and preferences when interacting with us, so we can improve our services and engagement with you.
October updates
USM technical receipts and correct use of PRNs
12 October 2020
Changes have been implemented as per the Data and Payment Standards PRNs within a 12-month period in different USM data messages.
Clarification on reporting and paying death benefit rollovers
8 October 2020
This article provides clarification to superannuation providers regarding their obligations when reporting death benefit rollovers and paying superannuation death benefit lump sums after a death benefit has been rolled over.
September updates
Improving flexibility for older Australians
25 September 2020
Older members of your super funds are now able to receive spouse contributions and make voluntary super contributions without meeting the work test.
Legislation introduced to increase membership of SAFs
23 September 2020
Legislation has recently been introduced that will increase the membership of SAFs from four to six.
Extending super choice
22 September 2020
From 1 January 2021, more employees will have the right to choose their superannuation fund.
Member ILBA election requirements
16 September 2020
Members must now make an election directly to their fund to have their account not treated as an inactive low balance account (ILBA).
Lost member reporting obligations
16 September 2020
You are required to assess the lost status of your members and report any changes to us biannually, at a minimum.
Tell us what you think of these ATO website designs
8 September 2020
Let us know what you think of our ideas for the future ATO website look and feel by participating in a quick survey.
August updates
Unclaimed super money reporting obligations
27 August 2020
Funds have an obligation to report and pay unclaimed superannuation money for the 30 June 2020 unclaimed money day by 31 October 2020.
Common issues arising from incorrect annual MATS reporting
27 August 2020
Find out what funds can do to avoid common errors when reporting their annual obligations and balance amounts via the Member Account Transaction Service (MATS).
Increased Section 20C notices issuing in August
27 August 2020
We have started issuing Section 20C notices to funds for the period 1 January to 30 June 2020. The due date for these notices is 31 October 2020.
Taxation Determination TD 2020/7
27 August 2020
We have published TD 2020/7 which contains guidance on how to include capital gains when calculating the foreign income tax offset limit.
Reconnecting SuperMatch
26 August 2020
Find out about changes we have made to SuperMatch terms and conditions of use, the user guide and how trustees can reconnect to the service.
July updates
Annual obligations and balance amounts protocol and upcoming lodgment reminder
28 July 2020
The annual obligations and balance amounts protocol has been updated in response to industry feedback.
Reporting of grandfathering attribute – update
21 July 2020
Due to a recent system update, the process for reporting the grandfathering attribute has changed. This new process is to be followed from 1 July 2020.
Amendments to Superannuation (Unclaimed Money and Lost Members) Act 1999
20 July 2020
Changes have been introduced and will affect your reporting obligations under the Superannuation (Unclaimed Money and Lost Members) Act 1999 (SUMLMA).
ATO Online – June system release and updates
13 July 2020
Over the weekend of 20–21 June 2020, the latest ATO Online system release was completed. The release includes improvements designed to provide a better experience for super providers and tax professionals as well as updates to the ATO online simulator.
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Read the latest news for large super funds.