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ATO certify Bravura’s Babel for Super TIC
Bravura Solutions' Babel financial messaging application has been certified by the Australian Taxation Office (ATO) to lodge superannuation tax file number (TFN) integrity check (Super TIC) transactions.
Super funds will be required to register with a super TIC service under SuperStream reforms and data standards that require Australian Prudential Regulation Authority (ARPA)-regulated funds to validate member details before processing a rollover request.
Babel, which allows super funds to comply with SuperStream messaging requirements, is pre-integrated with Bravura's suite of administration and contributions systems and also integrates with third party systems.
Bravura chief operating officer for Asia Pacific, Jason Tong, said Babel's early certification was testament to Bravura's bid to stay at the forefront of regulatory change and support smooth transitions for its clients.
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