• Superannuation Communique May 2017

    Reuniting super campaign

    Super funds may soon notice an increase in member enquiries about their unclaimed superannuation money (USM). The ATO will contact clients with USM held by the ATO on their behalf. 20,000 individuals will receive a letter in mid-May and a further 30,000 in mid-June.

    We'll ask individuals to use myGov and link to ATO Online Services to claim if they are eligible or transfer their USM to their preferred super fund account.

    You can help avoid members losing track of their super money by:

    • including a tax file number for new member accounts reported through SuperTICK
    • participating in our provision of address program to use ATO-held data to help identify lost members
    • reporting member status of open, lost and closed accounts correctly and on time to ensure members can view and consolidate their super accounts in myGov.

    Locate members' unclaimed superannuation money using SuperMatch2

    SuperMatch2 helps you identify and consolidate super accounts for your members. The service is available exclusively for large super funds and allows you to search our systems on behalf of your members for any unclaimed superannuation money (USM) reported for them and start a request to transfer these amounts to your member’s account.

    You can also use SuperMatch2 to search other ATO-held monies including:

    • super guarantee
    • co-contributions
    • active and inactive superannuation holding accounts (SHA)
    • low income superannuation contribution (LISC)
    • low income superannuation tax offset (LISTO).

    USM is reported and paid to the ATO twice a year on 30 April and 31 October. The reported amounts are displayed under the member’s tax file number (TFN).

    You'll need your member's authority before you can search using their TFN. You'll also need their permission to request the transfer of any ATO-held amounts found as a result of the search.

    To implement SuperMatch2, please email SPREnablingServices@ato.gov.au

    We're also implementing system improvements to enhance the performance of services on our SBR2 platform, including SuperMatch2.

    You can check the status and performance of SuperMatch2 and other superannuation enabling services, as well details on planned maintenance outages, on the Superannuation DashboardExternal Link.

    See also:

    Visa information for DASP applications

    The new departing Australia superannuation payment (DASP) Working Holiday Maker (WHM) law applies to payments made from 1 July 2017. To minimise the impact on you and your members we recommended you finalise as many DASP applications as possible before 1 July 2017.

    We'll update the DASP online application system on 26 June 2017 to include visa details for applicants so you can apply the correct tax rate. To provide you with visa information for applications received before 26 June but processed after 1 July when the new tax rate must be applied, we'll run a one-off information exchange process.

    For this one-off process, we'll use the data transfer facility (DTF) (sometimes called Bulk Data Exchange, or BDE) to provide you with applicant visa information. You'll need to upload applicant details to the DTF in a standard format by close of business 14 July 2017. We will then source visa information for those applicants and send this to you via the secure DTF channel.

    You may already have access to the DTF for the provision of address (POA) program or the rollover benefit statement (RBS). If not, you'll need to apply for a new DTF mailbox. To do this, read and agree to the data transfer facility terms and conditionsExternal Link and send an email with the subject line 'FND-OTH DTF Access' to Super CRT with the following information:

    • fund name
    • fund ABN
    • name of authorised contact (maximum of 2)
    • authorised contact direct phone number (not a 1330 or 13 number)
    • authorised contact direct email address.

    When we approve access and set up a mailbox we will send an email to the authorised contacts with information about how to access the DTF.

    DASP FAQs and guidance note available

    We've published answers to frequently asked questions to help you understand and prepare for changes to the departing Australia superannuation payment (DASP) Working Holiday Maker (WHM) tax rate change starting from 1 July 2017.

    You can also read the DASP WHM guidance note to get details of what you need to do and examples of how to apply the change.

    We're now preparing a protocol for DASP WHM changes, which should be available later in May.

    Low income super tax offset (LISTO) guidance note released

    We've published a guidance noteExternal Link to help you understand changes associated with the low income superannuation tax offset (LISTO).

    LISTO will replace the low income superannuation contribution (LISC) policy from 1 July 2017. It will provide continued support for low-income earners and ensure that generally they don't pay more tax on their super contributions than on their take-home pay.

    From 1 July 2017 eligible individuals with an adjusted taxable income up to $37,000 will receive a LISTO contribution to their super fund. The LISTO contribution will be equal to 15% of their total concessional (pre-tax) super contributions for an income year, capped at $500.

    To reduce the data standards compliance and system build costs of implementing this change, funds can maintain and re-use the existing taxonomy element name of 'Superannuation Contribution Low Income Amount'.

    We will update the government contributions taxonomies to reflect the implementation of LISTO in the next release window. The corresponding business definitions will be changed to 'For financial years 2016–17 and prior, this is the value for the low income superannuation contribution amount during the related period; for financial years 2017–18 and onward this is the value for the low income superannuation tax offset during the related period'.

    See also:

    Feedback on our services and support page

    In a recent SuperUpdate article we talked about a Let's Talk projectExternal Link seeking your feedback on the new services and support page for large funds.

    You told us you’d like to see:

    • upcoming engagements under the super consultation hub – you said it can be difficult to see everything that’s happening across all consultation groups and activities
    • a streamlined subscription service – you told us it can be confusing getting emails and alerts from so many sources
    • case studies with more complex scenarios – you said detailed case studies with complex scenarios help you with your member enquiries.

    We want to thank you for your valuable feedback. We’re now considering how we can address your comments. If you didn’t submit your ideas via Let’s Talk, you can email us to tell us what you think. We’re happy to get feedback any time.

    We’re looking forward to co-designing communication solutions that meet your needs. We’ll update you on our progress soon.

    SuperStream readiness and implementation

    On 1 May we cutover from Electronic Portability Form (EPF) version 1 to EPF2. Cutover to this new EPF version allows us to begin sending government contributions in the SuperStream standard as part of Contributions v2.0.  

    Contributions v2.0 testing and production cutover guidance

    We'll work with funds on business deployment verification (BDV) testing for Contributions v2.0 from 30 May. BDV helps us verify that business transactions, processes and systems are working as expected after we deploy changes into our production environment. 

    BDV for Contributions v2.0 will involve three gateways and eight funds. It will run for between four and six weeks between May and June 2017. Funds aren't required to take part in our Contributions v2.0 BDV testing before they cutover to production. However, you must be satisfied you have done enough testing to warrant self-certification of production systems and operational processes before notifying us you are ready to receive government contributions in the SuperStream standard.

    We have published the Contributions v2.0 Testing and Cutover Guidance presentation (PDF, 255KB)External Link to the software developers' homepageExternal Link. It describes the testing and production cutover processes that funds and/or their intermediaries need to do to prepare for and implement Contributions v2.0.

    Funds began peer-to-peer testing with us for government contributions from 24 April.

    When you're ready to self-certify your readiness to cutover to Contributions v2.0, complete the G2B contributions v2.0 production readiness notification checklist (DOCX, 82KB)External Link and return it to SuperStreamStandards@ato.gov.au.

    Once you have completed testing and are ready to cutover to Contributions v2.0 you should also update the Fund Validation Service (FVS) with your GCON2.0-X certification. You will then receive government contributions in the SuperStream standard.

    You must not update the FVS until you are ready to cutover to Contributions v2.0.

    If you experience difficulties in production, contact us immediately at SuperStreamStandards@ato.gov.au

    SuperStream standard schedule documents updated

    We have published updated versions of SuperStream standard schedule documents to the software developers' homepageExternal Link. These revisions clarify changes required for implementing Contributions v2.0. The updates are based on industry feedback and were approved by the SuperStream Standard Technical Committee (SSTC).

    The change summary itemises the updates, which include mostly minor wording changes and will not affect your implementation of Contributions v2.0. The effective date of these documents is 1 May 2017.

    The updated schedule documents include:

    More information

    Read about the SuperStream standardExternal Link.

    Email your comments and questions to SuperStreamTechnical@ato.gov.au

    SBR2 performance enhancements

    We've begun implementing system improvements to enhance the performance of our services on the SBR2 platform. The schedule of upgrades will improve the response times associated with SuperTICK3 and SuperMatch2 individual requests.

    During April we introduced a variety of optimisation, storage threads and node improvements.

    We have another release of system and platform enhancements scheduled for the end of May. SuperTICK3 and SuperMatch2 users should experience improvements in response times.

    To implement these upgrades we have scheduled planned maintenance periods. Remember to monitor the ATO Superannuation DashboardExternal Link for updates to the schedule of planned maintenance.

    Decommissioning of SuperMatch ECI and SuperTICK1 and 2 delayed

    Update: We advised you in May 2017 that SuperTICK 1 and 2 and SuperMatch ECI would be decommissioned mid-2017. So far we have 95% of large super funds using SuperTICK 3, making way for us to decommission SuperTICK 1 and 2 and SuperMatch ECI on 31 August 2017.

    The decommissioning of SuperTICK versions 1 and 2 and SuperMatch ECI will be deferred until mid-2017. This will allow funds with approved deferrals time to migrate to SuperTICK3 and provide time for us to implement improvements to the SBR2 platform to enhance the performance of SuperTICK3 and SuperMatch2.

    Updated SuperTICK user guide now available

    We've updated the SuperTICK user guide to help you use the SuperTICK service. Large super funds use the service to confirm a member’s tax file number (TFN) and identity member details or to notify us of newly opened or closed member accounts.

    Change Summary

    In addition to general content and terminology updates, the following key changes have been published.

    • 2.1 Mandatory use of SuperTICK: Now includes mandatory use of the service for reporting of open and closed accounts in line with the new legislative instrument.
    • 2.3 Open and closed accounts reporting – section 390-5 TAA 1953: Guidance on reporting of new and closed accounts through SuperTICK.
    • 2.5 Discontinuation of SuperTICK versions 1 and 2: Updated in line with funds that have approval to defer their implementation of SuperTICK3.
    • 5.5 and 5.6 New and closed accounts: Clarification on service responses and any subsequent treatment by the fund or the ATO for these transactions.
    • 6. Service responses: Further clarification on service interactions.
    • 6.5 Summary of service responses: New table summarising responses and actions for each type of SuperTICK request and response.
    • 9.2 Attachment B: links to further information: New links included for the Services Dashboard and general ATO SBR documentation.

    Super consultation report

    For the first time we are providing a consultation report for the previous month and for the next two upcoming months. Please send us your feedback.

    Visit Let's TalkExternal Link for a complete picture of all superannuation consultation and engagement activities.

    April 2017 recap

    During April we held a livestream eventExternal Link to provide an overview of the superannuation changes and answers to common questions. We also published the capped defined benefit income streams law companion guideline as a final version. New guidance notes are now available on our website for changes to the concessional contributions cap, changes to the taxation of defined benefit income streams, changes to the non-concessional contributions cap, new transfer balance cap – defined benefits and new transfer balance cap for retirement phase accounts.

    April date

    APRA-regulated fund consultation or engagement activity

    20

    Phone hook-up (PHU) on the reporting of the accumulation-phase value for defined benefit interests for 30 June 2017

    27

    PHU on death benefit rollovers and potential updates to the Message Implementation Guide (MIG)

     

    Meeting with Affiliation of Superannuation Practitioners (ASP) to discuss TBAR specification feedback

     

    Risk Differentiation Framework (RDF) Diagnostic Report

     

    Meetings with key clients began in early April

    5

    Webinar

     

    SuperStream

    6

    Industry Engagement Forum (Livestream)External Link

    7 and 19

    Transaction Service Working Group Sydney – co-design session on more frequent reporting of contributions

    11

    Member Account Attribute Service – technical documentation overview

    12

    SuperStream Reference Group

    12

    SuperStream Standard Technical Committee (SSTC) meeting in Sydney

    20

    Contributions Implementation Working Group

    26

    SSTC PHU

     

    Division 293

    6 (HOB)

    11 (SYD)

    12 (MEL)

    User testing concept design for a combined Div293 Notice of Assessment/cover letter in Hobart, Sydney and Melbourne

     

    Super changes

    4 and 26

    Super Changes APRA Fund Consultation Group

    7, 14 and 28

    Superannuation Changes Communication Committee

    5

    Superannuation changes and what they mean Livestream eventExternal Link

     

    Meeting with tax practitioners to informally user test proposed super changes correspondence

     

    Webinar series

    4 – 12

    Single Touch Payroll Introduction Webinar

    20

    CGT Relief

    27

    TRIS

    May 2017 upcoming events

    In May we have a number of final publications to be published and the Federal Budget on 9 May. We will publish the final version of the law companion guideline superannuation reform: capped defined benefit income streams – pensions or annuities paid from non-commutable, life expectancy or market-linked products (LCG 2017/1). The transitional CGT relief guidance note is now available as web content, as are the departing Australia superannuation payment (DASP) Working Holiday Maker guidance note and FAQs.

    May date

    APRA-regulated fund consultation or engagement activity

     

    SuperStream

    4

    SuperStream Continuous Improvement Working Group

    4 and 18

    Contributions Implementation Working Group Telepresence

    19

    Transactional Services Working Group Telepresence

    10 (SYD)

    24 (TELE)

    SuperStream Technical Committee Sydney/Telepresence

    17

    Superannuation Administration Stakeholders Group

    24

    Superannuation Industry Stewardship Group

     

    Super Changes

    16

    Super Changes APRA Fund Consultation Group

    5, 12, 19 and 26

    Superannuation Changes Communication Committee

     

    Webinars

    9

    Capped defined benefit income streams

    18

    Fund Reporting

    30

    Transfer balance 'Master class'

    June 2017 upcoming events

    June date

    APRA-regulated fund consultation or engagement activity

     

    SuperStream

    1

    Transactional Services Working Group Sydney

    1, 15 and 29

    Contributions Implementation Working Group PHU

    21

    SuperStream Reference Group Telepresence

    14 (SYD)

    28 (TELE)

    SuperStream Technical Committee Sydney, Telepresence

     

    Super Changes

    6 and 27

    Super Changes APRA Fund Consultation Group Melbourne

    2, 9, 16, 23 and 30

    Superannuation Changes Communication Committee

    Monthly super remittance and recovery processing schedule

    The ATO super processing schedules for May and June 2017 are outlined in Table 1 and Table 2 below.

    Table 1 − May 2017 super processing schedule

    May

    Week commencing

    Super guarantee recovery notice (ICP)

    Monday 01 May

    Super guarantee remittance advice (ICP)

    Monday 01 May

    Unclaimed super money (USM) remittance

    Monday 01 May

    Co-contributions recovery

    Monday 01 May

    Low income superannuation contribution (LISC) recovery

    Monday 08 May

    First home saver account (FHSA) remittance advice

    Monday 08 May

    Co-contributions remittance

    Monday 08 May

    Unclaimed super money (USM) recovery

    Monday 15 May

    Unclaimed super money (USM) remittance

    Monday 15 May

    Super guarantee recovery notice (ICP)

    Monday 15 May

    Super guarantee remittance advice (ICP)

    Monday 15 May

    Superannuation Holding Account special account (SHAsa) remittance advice

    Monday 22 May

    Low income superannuation contribution (LISC) remittance advice

    Monday 22 May

    Unclaimed super money (USM) remittance

    Monday 29 May

    Table 2 − June 2017 super processing schedule

    In the table below the SuperStream column provides an indication of when you may receive data messages from the ATO relating to Contributions v2.0 release. This should only affect funds participating in business deployment verification with the ATO for June.

    June

    ECI/Paper
    Week commencing

    SuperStream
    Week commencing

    Co-contributions remittance

    Monday 05 June

    Monday 05 June

    Unclaimed super monies (USM) recovery

    Monday 12 June

    N/A

    Unclaimed super monies (USM) remittance

    Monday 12 June

    Monday 12 June

    First home saver account (FHSA) remittance advice

    Monday 12 June

    N/A

    Super guarantee recovery notice (ICP)

    Monday 12 June

    Monday 12 June

    Super guarantee remittance advice (ICP)

    Monday 12 June

    Monday 12 June

    Low income superannuation contribution (LISC) recovery

    Monday 12 June

    From Thursday 8 June

    Superannuation Holding Account special account (SHAsa) remittance advice

    Monday 19 June

    From Thursday 15 June

    Low income superannuation contribution (LISC) remittance advice

    Monday 19 June

    Monday 19 June

    Co-contributions recovery

    Monday 19 June

    From Thursday 22 June

      Last modified: 31 Aug 2017QC 52067