News

In conversation with the ATO: SuperStream Rollovers and release authorities

July 2021

Recently, the SMSF Association’s Technical Manager, Mary Simmons sat down with the ATO’s Belinda Black – Rollover v3 Project Manager, Director Superannuation & Employer Obligations; for an exclusive ‘In conversation with the ATO‘ webinar recording.

This webinar discussion with the ATO covers:

  • How it is compulsory for your SMSF to use SuperStream, come 1 October 2021, to action all rollovers in and out of SMSFs, and what SMSFs need to do to be ready
  • The need for your SMSF to have a unique bank account, elaborating on an update provided by the SMSF Association 
  • What impact the changes have for SMSFs with an existing electronic service address
  • Your obligations as an SMSF trustee to use ATO verification services (super fund and member TFNs)
  • An update on SMSF software providers offering SMSF SuperStream rollover functionality
  • Changes for release authorities – those that are and aren’t moving to SuperStream
  • The ATO’s proposed compliance approach for SMSFs not meeting their new SuperStream obligations and more…

For more information on SuperStream Rollover v3,  please visit the ATO’s website.