POWERED BY MOMENTUM MEDIA
SuperStream goes live for first group
The first cohort of participants has successfully processed SuperStream contribution transactions as part of the first group taking part in the induction process.
The Australian Taxation Office (ATO) announced the transactions were processed during the second week of August.
"The experience of this first group highlights the benefits which SuperStream will bring with an end-to-end flow of data and payments from employers to super funds," the ATO said.
Australian Prudential Regulation Authority fund participants included VisionSuper, AMP, IOOF, CBUS, Hesta and REST.
Other participants included QuickSuper, Australia Post, Class Super SMSFDataflow, and Macquarie SMSF.
Gateways included Westpac, GBST, Message Exchange and Superchoice.
More groups are set to take part in the induction process from August to November.
Recommended for you
APRA’s latest data has revealed that superannuation funds spent $1.3 billion on advice fees, with the vast majority sent to external financial advisers.
Cbus Super has unveiled Advice Essentials Plus, a new service offering affordable financial advice to both members and their partners.
The fund has launched a new tool to help deliver personalised financial education and digital personal advice to eligible members.
The QAR lead reviewer has told a Senate committee that the government’s demands of super funds conflict with their original purpose.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
