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Vision Super becomes SuperTICK compliant
Vision Super is ready to verify member details for rollovers and initial registration of employer contributions for the Australian Taxation Office's (ATO's) Super TFN Integrity Check (SuperTICK) service after installing IQ Group's iqATO.
Vision Super head of information systems Richard Crowe said it chose iqATO because it was commercially available and certified by the ATO, thereby allowing the not-for-profit industry fund to meet all of its compliance obligations with regard to My Super, Australian Prudential Regulation Authority (APRA) reporting, SuperStream and ATO reporting.
"For us to internally develop and then certify our own solution could potentially pose a delay in this process," he said.
IQ Group Solutions general manager Panos Alexandratos said the technology developer would also take responsibility for maintaining the compliance obligations with regards to iqATO which would remove additional burdens related to maintenance and outsourcing concerns.
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