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  • Does your SMSF have a unique bank account and electronic service address?

    If your self-managed super fund (SMSF) doesn't have a unique bank account and electronic service address (ESA), it may affect your SMSF's ability to receive super payments via SuperStream.

    Your SMSF should have a bank account that is unique for receiving super payments; you can’t use your tax agent’s account or a personal bank account. From a regulatory perspective, we generally regard non-unique bank accounts as inadequate to protect members’ retirement benefits, and using such accounts may affect your SMSF's ability to receive super payments via SuperSteam.

    All SMSFs receiving contributions (non- related- employer) or ATO-held super payments also need an active ESA registered with an SMSF messaging provider. There’s a Register of SMSF messaging providers on our website.

    These requirements have been in place since 1 July 2015, so if your SMSF will or is receiving super payments you must include the unique SMSF bank account and ESA when registering your fund and lodging an SMSF annual return. You need to notify us of any changes to your SMSF bank account or ESA within 28 days of the change.

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      Last modified: 27 Aug 2018QC 56689