The Superannuation Industry (Supervision) Regulations 1994 (SISR 1994) generally requires all superannuation funds, other than self managed superannuation funds (SMSFs), to provide data to regulators and transfer payments between funds using the secure electronic payment and data verification system known as SuperStream.
The principal purpose of the draft Regulations is to amend the SISR 1994 to extend the operation of SuperStream to cover SMSFs. The draft Regulations also make some minor changes to simplify and update SISR 1994.
Further details on the draft Regulations are contained in the Explanatory Statement.
The community’s views are sought on the draft Regulations.