Rollovers

You must use the SuperStream Data and Payment Standards (SuperStream standard) when your member requests a rollover of their member benefits to another super fund. This includes where you are required to roll your member's benefits (including partial rollover requests) between APRA-regulated super funds, retirement savings accounts or self-managed super funds.

Exceptions

The SuperStream standard does not apply in these circumstances:

• When rolling to or from a non-complying fund.
• Closed products – a product that doesn't receive any contributions or rollovers, but for which a member’s withdrawal benefit may be rolled over to another super entity.
• The calculation of preservation components or asset drawdown for partial rollovers – these calculations are done in line with other legal requirements prior to completing the rollover in SuperStream
• Rollover amendments and cancellation – these are managed through other processes between the relevant parties.
• In-specie rollovers – these can be managed through a process agreed between the parties.
• Internal fund rollovers – these can be handled by appropriate accounting and registry entries.

See also:

• SuperStream standardExternal Link
• Reporting to receiving funds and members
• Member account reporting and validation
• SuperTICK user guide
• Fund Validation Service user guide