The Successor and intra fund transfer reporting protocol provides technical guidance on a range of aspects to help you manage change and reduce the impact to your members, during and after a successor fund transfer (SFT) or an intra fund transfer (IFT).
We recently updated the protocol to reflect the law changes to the application of transfer balance cap provisions for capped defined benefit income streams subject to an SFT.
The protocol contains guidance on practical administration, consistent application of the law and our perspective of industry best practice, including for complex superannuation processes.
When you are considering an SFT or an IFT, it is important to understand the impact on your members and their contributing employers. Engage with us early and consider the timing of the proposed SFT for critical dates such as the quarterly super guarantee due dates and the end of the financial year.
You can seek assistance early, by completing the SFT and IFT online form. This form is available in the Introduction and considerations for types of super fund transfers section within the Successor and intra fund transfer reporting protocol. It should be uploaded using the Super Enquiry Service (SES). This enables us to provide you with tailored support through this significant event.
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