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04 Aug 14 SuperStream - pass through of employee details - exposure draft issued

Treasury has released for public consultation an exposure draft regulation and draft explanatory statement which seek to amend the Superannuation Industry (Supervisory) Regulations 1994. Specifically, the draft amendment will require that if a superannuation fund offers a MySuper product then that superannuation fund is required to pass on contributions data it receives from any of its default employers relating to any other superannuation funds.

The closing date for submissions is Monday 1 September 2014.


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