Unique superannuation identifier details
Super funds must provide rollover and contribution certification details of its products using the Fund Validation Service (FVS).
The trustee of the transferring and successor fund will need to provide or update Unique superannuation identifier (USI) details in line with the requirements outlined in the Lodge section of the Fund validation service user guide (FVSU).
As a significant change, the transferring fund should end date its USI through the FVS no less than 28 business days prior to the effective date. It is possible for a successor fund to retain a transferring fund's super product identification number (SPIN) format USI. However, an ABN format USI cannot be transferred between funds.
SPINs are administered by APIRExternal Link, an independent, privately owned company, and are subject to APIR rules.
If you are retaining a transferring fund's SPIN format USI, after the transferring fund has end dated the SPIN format USI, the successor fund will need to lodge a new entry through the FVS with that SPIN format USI against the successor fund's ABN effective from the following day. You can lodge an enquiry through our Super Enquiry Service if there are any issues in updating the FVS.
If a successor fund has retained a SPIN format USI from a transferring fund and the SPIN format USI will be later decommissioned, member accounts transferred under the SFT will need to be closed and opened again by the successor fund with the successor fund's USI.
Payment information
The transferring fund should communicate with employers to ensure future contributions are correctly directed to the successor fund. During the transition period, the successor fund may also need to contact any employers who have not yet updated their employees' fund details.
As not all funds will hold employer contact details, communication to members should also include the new payment details to be passed on to their employer.
Funds can also contact clearing houses to inform them of the changes.
Errors identified in product details
As with member-instigated rollovers, any significant errors identified by a trustee will need to be immediately rectified. See the Errors identified in the FDR section of the Fund Validation Service user guide.