Superannuation Client Relationship Team

Alert 023/2015

Involuntary Superannuation Account Transfer (ISAT) protocol

ISAT protocol now available

The ATO has published guidance for large super funds and administrators to assist in the administration and correct reporting of involuntary superannuation account transfers (ISAT), which occur when super accounts are transferred without members’ instigation.

The protocol provides the current ATO view on a number of technical issues related to ISATs and gives some guidance on the information about member accounts that needs to be given by a transferring fund to a receiving fund.

It can be found at: https://www.ato.gov.au/Super/APRA-regulated-funds/In-detail/APRA-resources/Involuntary-superannuation-account-transfer-protocol/

Join our webinar

You’re invited to a webinar on Monday 15 June from 12.00-1.00pm where ATO staff will step through the key issues in the ISAT protocol, including:

· Definitions and distinctions: voluntary/involuntary, rollover/transfer, inter/intra fund transfer

· Three types of ISAT: merger, transfer to MySuper product, eligible rollover fund

· How SuperStream applies

· How to correctly report

The webinar will be of interest to those with taxation-related roles in APRA-regulated super funds and administrators. To register for this free webinar go to: https://attendee.gotowebinar.com/register/9192436544577152001 .

If you would like to submit a question prior to the webinar, please email SPRwebinars@ato.gov.au .

For more information

If you have any questions about the protocol, please e-mail SuperCRT .