From 1 July 2013, Australian Prudential Regulation Authority (APRA) regulated superannuation funds and self-managed super funds (SMSFs) must use a new standard for processing rollovers. Funds must also process contributions sent by employers who choose to apply the standard early.
The ATO has published the following information about the new requirements:
- APRA-regulated funds - a new standard for rollovers and contributions
- SMSFs - a new standard for rollovers and contributions
There are also new requirements for employers from either 1 July 2014 or 1 July 2015, depending on size. The following documents provide information about these new requirements:
- Medium and large employers - a new standard for contributions
- Small employers - a new standard for contributions