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ARTICLE · 10 OCTOBER 2011

Stronger Super – SuperStream

Holding Redlich
Holding Redlich
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Holding Redlich

Holding Redlich

Holding Redlich is a large national commercial firm with offices in Melbourne, Canberra, Sydney,...

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The SuperStream reforms should address existing inefficiencies in processing within the superannuation industry.

AustraliaEmployment and HR

As with the MySuper product, many of the reforms proposed for SuperStream have already been discussed in detail.

Of all the proposed reforms, SuperStream has been the one most broadly accepted by the industry but there has been some disappointment where the reforms have been perceived as not going far enough.

Back office processing

The implementation timeline for the data and e-commerce standards which form part of SuperStream is as follows:

Early 2012 -Data standards published and available for use by superannuation funds (Funds) (voluntary uptake by Funds can commence from this point).

July 2013 - Data standards and use of e-commerce becomes mandatory for APRA-regulated funds and self managed superannuation funds for processing rollovers and accepting contributions (provided by employers in the new format).

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