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12 Dec 12 Regs relating to superannuation data and payment standards

Superannuation Industry (Supervision) Amendment Regulation 2012 (No 5)  was made on 6 December 2012 and registered on the Federal Register of Legislative Instruments on11 December 2012 as Select Legislative Instrument 2012 No 317.

This regulation amends the Superannuation Industry (Supervision) Regulations 1994 to provide further detail to support the superannuation data and payment standards and prescribes the operation of a register containing accurate and secure details of superannuation funds which is critical to conducting electronic transactions, enables use of a validation service which can be used by employers and trustees to ensure the information they hold for their employees and members is correct and introduces requirements for sending and receiving superannuation transactions in accordance with the data and payment standards.

For a copy of the Explanatory Statement, click on the Explanatory Statement tab.


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