POWERED BY MOMENTUM MEDIA
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.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
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(%)
