SuperStream Rollovers Version 3 deferred

Original Published Date
Status
Current
Tax Category
Superannuation
Resource Type
Newsroom
Description

We are delaying the deployment of SuperStream Rollovers Version 3 (V3), which incorporates self-managed superannuation fund (SMSF) rollovers and digital release authorities.

This delay is in recognition of the impact that implementing COVID-19 measures has had on digital service providers. It was agreed in partnership with the government, Treasury, the Australian Prudential Regulation Authority (APRA) and industry representatives.

What the delay means for you:

  • we will now deploy SuperStream Rollovers V3 in March 2021
  • from 31 March 2021, digital service providers can transition to SuperStream Rollovers V3
  • from 1 October 2021 onwards, funds must be transacting via SuperStream Rollovers V3.

We have communicated with APRA funds regarding their legal obligations around SuperStream Rollovers V3 and advised them of our administrative compliance approach that will be in place until 30 September 2021.

While the deferral allows more time, we encourage digital service providers and funds to transition as soon as possible.

Technical artefacts, checklists and guides for your use are available on the Rollover standard V3.0 page of the software developers website and the Self Managed Super Funds Verify and SMSFmemberTICK pages on sbr.gov.au.

No previous versions available.

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