Superstream data standard: Is your SMSF ready?

Key Points New data standard comes into effect on 1 July Many funds will need to notify employers by 31 May Lots of options for registering with a message service provider In SMSF Alert: February 2014 we highlighted the SuperStream data and payment standards, effective from 1 July this year. If you’re the trustee of a SMSF you’ve probably received a reminder letter from the Tax Office. So, what do you need to do? Background SuperStream requires employers and super funds (including SMSFs) to use new data and e-commerce standards for all superannuation transactions. They’re designed to speed up...

In SMSF Alert: February 2014 we highlighted the SuperStream data and payment standards, effective from 1 July this year. If you’re the trustee of a SMSF you’ve probably received a reminder letter from the Tax Office. So, what do you need to do?

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