SuperStream

Opinion

Jeremy Cooper on reviews and the retirement system’s unfinished business

While the chair of the decade old Super System Review couldn't shed light on the current Retirement Income Review, he said If the superannuation system is being used for tax-advantaged inter-generational wealth transfers then those tax subsidies should be reviewed.

David BellSeptember 7, 2020

Policy and Regulation

LUCRF to offer free SuperStream services to employers

Greg Sword the outgoing chief executive of LUCRF has revealed how his fund is arguably the best prepared in the industry to take advantage of SuperStream changes. The fund’s Blue Door powered administration system has its own Gateway and clearing house and will offer the service free to all employers that use it when SuperStream […]

David RowleyMay 19, 2014

Super administrators in a “world of pain”

Gallows humour, exasperation and despair are the natural demeanours of administrators facing SuperStream changes over the next year. Listening to executives in super funds and administrators on the topic of pass-throughs, gateways and error messages at the AIST Superannuation Administration Symposium in Melbourne last week, many used words of dread. The process was going to […]

David RowleyMay 12, 2014

Opinion

Gerard Noonan editorial

Some people love change. Many resist change as an unwelcome reshaping of their pleasant personal landscape. Others reckon you have to wrestle with it, even if you don’t like it. They make the most of their efforts to improve things. Put me in the first and third categories. We groan and grumble that governments and […]

Gerard NoonanApril 22, 2013

CMSF

MySuper issues “unresolved”

While the implementation of MySuper is only a couple of months away, a number of elements of the reform package remain unsettled, says David Haynes, project director at AIST. Presenting at CMSF yesterday, Haynes said of most concern to super funds should be APRA data-reporting requirements, product dashboards, SuperStream, ATO SuperSeeker and account consolidation, among […]

Amal AwadMarch 21, 2013

Custody

The incredible expanding world of custody

A central, if often overlooked feature of Australia’s super funds is that they have, for a very long time, worked closely with external service providers in their pursuit of world best practice. In relation to custody and securities services, this is a very sensible approach. The scale, geographic reach, and massive investment in technology of […]

Andrew HutchingsFebruary 25, 2013

Insurance

The tyranny of smarter data

Adjectives such as titanic, gargantuan and elephantine do not go far enough to describe the task for superannuation funds of meeting the requirements for data collection of the Australian Prudential Regulation Authority (APRA) and provision of insurance to meet MySuper standards. But from July 1, the job is going to get bigger, as new rules […]

Jeremy ChunnJanuary 14, 2013

Opinion

Employers part of
SuperStream too

The Stronger Super reforms needed to engage more with employers as a critical part of the superannuation industry, according to Westpac’s Emma Dobson. Dobson, the bank’s director of global transactional services and a member of the government’s SuperStream advisory council, says she believes that too much of the Stronger Super focus has been on “front […]

Lachlan ColquhounDecember 13, 2012

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