- the SMSF’s ABN;
- the SMSF’s bank account details. Hence, your fund cannot comply with SuperStream unless it has a bank account; and
- an electronic service address for your SMSF to receive information from a member’s employer about contributions made.
What is an ‘electronic service address’?
An electronic service address provides a secure means for an employer to provide the contributions information to your fund. An employer will send the following details to your electronic service address:
- employer details;
- employee details;
- contribution type;
- amount; and
- payment details.
TIP – SuperStream will not affect all SMSFs
SuperStream will not impact on your SMSF if:
- your fund does not receive any contributions (e.g., because all SMSF members are retired);
- your fund only receives non-concessional contributions (e.g., personal, after-tax contributions); or
- the only employer contributions received are made by a related party employer.
Additionally, SuperStream does not apply to rollovers to or from an SMSF.