Consultation Group for 2018 Super Measures

This short term group is an opportunity to provide information to industry on the emerging administrative design of the super measures announced in and around the 2018-19 Federal Budget. It is also an opportunity for industry to raise questions and issues. The measures to be included in this group for discussion are:

  • Re-versioning the Rollover MIG (including SMSF rollovers)
  • Protecting your super package – unclaimed superannuation and proactive reuniting
  • Better integrity over deductions for personal contributions
  • Work test exemption for recent retirees
  • Preventing inadvertent concessional cap breaches by certain employees
  • SG Amnesty
  • Three-yearly audit cycle for some self-managed superannuation funds
  • Increasing the maximum number of allowable members in self-managed superannuation funds and small APRA funds from 4 to 6.

This short term group is an opportunity to provide information to industry on the emerging administrative design of the super measures announced in and around the 2018-19 Federal Budget. It is also an opportunity for industry to raise questions and issues. The measures to be included in this group for discussion are:

  • Re-versioning the Rollover MIG (including SMSF rollovers)
  • Protecting your super package – unclaimed superannuation and proactive reuniting
  • Better integrity over deductions for personal contributions
  • Work test exemption for recent retirees
  • Preventing inadvertent concessional cap breaches by certain employees
  • SG Amnesty
  • Three-yearly audit cycle for some self-managed superannuation funds
  • Increasing the maximum number of allowable members in self-managed superannuation funds and small APRA funds from 4 to 6.
  • Protecting Your Super Package

    9 days ago
    CLOSED: This discussion about Protecting Your Super Package has concluded.

    Under this proposed measure the ATO will be empowered to proactively consolidate unclaimed super money (USM) it currently holds plus the proposed new category of inactive low balance accounts with a member’s active account held by a super provider. It has been estimated that the ATO will be able to reunite 3 million USM accounts. In order to understand if it is possible to reunite these accounts within 1 month from the 31st of October 2019, the ATO has identified that weekly USM payments runs would be required as a once off solution in November 2019.

    To assist the ATO with our detail design phase, we are seeking your feedback to understand what issues and concerns this raises for super providers if USM rollovers were completed in a weekly USM payment run for one month only. In particular we are seeking to understand:

    • What main concerns, issues or questions would weekly USM payments runs mean to you?
    • How would this impact your business processes?
    • Do you have a fully automated system where manual intervention is not required to process USM rollovers?
    • Please outline any manual workloads or interventions you currently have to process USM rollovers?
    • What steps can the ATO take to assist super providers to make weekly aggregation possible?

    Please provide any feedback via our online confidential form by Monday 14 January, 2019.

    Under this proposed measure the ATO will be empowered to proactively consolidate unclaimed super money (USM) it currently holds plus the proposed new category of inactive low balance accounts with a member’s active account held by a super provider. It has been estimated that the ATO will be able to reunite 3 million USM accounts. In order to understand if it is possible to reunite these accounts within 1 month from the 31st of October 2019, the ATO has identified that weekly USM payments runs would be required as a once off solution in November 2019.

    To assist the ATO with our detail design phase, we are seeking your feedback to understand what issues and concerns this raises for super providers if USM rollovers were completed in a weekly USM payment run for one month only. In particular we are seeking to understand:

    • What main concerns, issues or questions would weekly USM payments runs mean to you?
    • How would this impact your business processes?
    • Do you have a fully automated system where manual intervention is not required to process USM rollovers?
    • Please outline any manual workloads or interventions you currently have to process USM rollovers?
    • What steps can the ATO take to assist super providers to make weekly aggregation possible?

    Please provide any feedback via our online confidential form by Monday 14 January, 2019.