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: 2020 October updates September updates August updates July updates June updates May 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 2020 October updates Super processing schedule13 October 2020 ATO superannuation remittance and recovery processing schedule for October and November 2020. USM technical receipts and correct use of PRNs12 October 2020Changes 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 rollovers8 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 Australians25 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 SAFs23 September 2020 Legislation has recently been introduced that will increase the membership of SAFs from four to six. Extending super choice22 September 2020 From 1 January 2021, more employees will have the right to choose their superannuation fund. Member ILBA election requirements16 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 obligations16 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 designs8 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 obligations27 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 reporting27 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 August27 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 2020/727 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 SuperMatch26 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 reminder28 July 2020 The annual obligations and balance amounts protocol has been updated in response to industry feedback. Reporting of grandfathering attribute – update21 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 199920 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 updates13 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. June updates Updated Successor fund transfer reporting protocol is available26 June 2020 The Successor fund transfer (SFT) reporting protocol has been updated to provide more detailed guidance for funds undertaking an SFT. Change of delivery time for SBSCH contributions messages15 June 2020 From Wednesday 8 July we are changing the delivery time of Small Business Super Clearing House (SBSCH) contributions messages. Find out more. Super CRT – help us help you9 June 2020 Find out what you can do to help our superannuation Client Relationship Team (CRT) provide a better service to you and your administrators. Personal superannuation contribution deduction4 June 2020 We are writing to individuals who claimed a personal superannuation contribution deduction in their 2019 tax return and details of an acknowledged notice of intent has not been reported by their fund. May updates Deferral of USM reporting and payment obligations21 May 2020 We have deferred the 30 April 2020 reporting and payment date of your unclaimed super money (USM) obligations for the 31 December 2019 unclaimed money day to 31 October 2020. See also: Superannuation CRT Alerts Read the latest news for large super funds.Last modified: 13 Oct 2020QC 56125