Several SMSF service providers have begun processing the first wave of SuperStream contributions.
Class Financial Systems has partnered with others in the industry to process the lot of contributions being transmitted over the SuperStream network.
“We’re excited to be part of the first SuperStream cohort to start receiving and processing contributions,” said Class Super’s chief executive Kevin Bungard.
Supercorp Technology, maker of the superMate SMSF administration software, also announced last week that the firm has processed its first live SuperStream message into the accounts of SMSFs administered on the superMate platform.
GBST also announced it delivered its first live SuperStream electronic choice contributions messages destined for SMSFs earlier this month.
“The go-live of our SuperStream Gateway for facilitating SuperStream-compliant contributions and delivery to the leading SMSF service providers is crucial for SMSF trustees,” said chief executive of GBST Wealth Rob De Dominicis.
“This level of automation will contribute positively to Australia’s rapidly growing SMSF sector. Enabling safe and successful delivery of contribution information to the SMSF sector is key to making SuperStream a reality for employers.”
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 21 Aug 2016Risks flagged with real estate appraisal valuesBy Miranda Brownlee
- 21 Aug 2016Lawyer challenges ATO view on two fund strategiesBy Miranda Brownlee
- 18 Aug 2017ATO locks in details, addresses panic on real-time reportingBy Katarina Taurian
- 18 Aug 2017Data feeds unreliable for new reporting, says mid-tierBy Miranda Brownlee
- 18 Aug 2017Tax component confusion spurs potential tax liabilitiesBy Miranda Brownlee
- 18 Aug 2017Contributions triple in June quarter, survey showsBy Staff Reporter
- view all
- ATO locks in details, addresses panic on real-time reporting
The tax office has addressed several points of confusion with the new events-based reporting regime, locked in key deadlines, and outlined w...read more
- Data feeds unreliable for new reporting, says mid-tier
With an estimated 20 per cent of SMSFs still encountering errors from data feeds, one mid-tier firm believes the ATO should allow SMSF pract...read more
- view all