Service providers begin SuperStream processing

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.”

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