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  • Self-managed super funds

    Self-managed super funds (SMSFs) must be able to receive employer contributions and the associated data electronically using the SuperStream standard.

    From 1 October 2021, rollovers into or out of your SMSF can only be performed using SuperStream. Additionally, certain release authorities may be processed in SuperStream (see SuperStream rollovers and release authorities for SMSFs).

    SuperStream offers the following benefits for SMSFs:

    • more timely and reliable flow of payments and information about contributions, rollovers, and certain release authorities
    • an electronic record to support your accounting and tax obligations (including your SMSF annual return)
    • fewer data and payment errors.

    Next steps:

    For SuperStream, you will need:

    • an electronic service address (ESA) – you can get an ESA from an SMSF messaging provider
    • an Australian business number (ABN), and
    • to ensure your SMSF's details held by the ATO are up to date, including your SMSF's unique bank account.

    Exemptions

    Your SMSF doesn't need to use SuperStream unless:

    • the SMSF receives employer contributions, or
    • the employer contributions are only from a related-party employer.

    For example, if you are an employee of your family business and your super guarantee contributions go to your SMSF, these contributions are exempt from the SuperStream standard.

    SuperStream doesn't apply to personal contributions made by members.

    See also:

    Last modified: 19 Apr 2021QC 47548