From 30th November 2019 SuperStream will be extended to SMSF rollovers. This will improve the efficiency and timing of rollovers to and from all superannuation funds.
Therefore, all SMSFs are required to ensure they register their ESA with the Australian Business Register (ABR). Although this is not required to be done until 30th November 2019, we are currently in the process of updating existing client details through the ABR with your SMSF ESA. This will allow your SMSF to take advantage of the changes sooner, if both the receiving and paying fund are SuperStream ready.
General Advice Warning
The information provided in this blog is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a licensed financial adviser.