SuperStream
From 1 October 2021, SMSFs will need to comply with the SuperStream rules when processing rollovers into or out of the SMSF. SuperStream is a standard for processing data and payments electronically within the superannuation industry.
SMSFs are required to process rollovers within three business days of receiving the rollover or transfer request. To use SuperStream, an SMSF will need the following:
- an ESA
- an ABN
- up-to-date details recorded with the ATO including the Fund’s unique bank account for superannuation payments
For more information on SuperStream, please see here.
We are Melbourne based with clients throughout Australia. Our SMSF administration service is mostly paperless. This enable us to charge a fair fee, resulting in a good value-proposition for you.
Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.
Follow us:
Shop 1/116 Balcombe Rd, Mentone, VIC 3194
03 9583 9813 or 0411 241 215
admin@superannuationwarehouse.com.au
© 2010 - 2023 Superannuation Warehouse : All Rights Reserved
Digital Strategy by 