Super Alert – 11 June 2021

Welcome to the latest issue of the KHQ Super Alert. This week the ATO released an updated ‘roadmap’ of changes to come for the superannuation industry, and information for trustees about its ‘Super Enquiry Service’. APRA also published further guidance for trustees to get ready for APRA Connect. 

KHQ Lawyers - Super Alert

ATO – Updated industry changes roadmap

On 8 June 2021, the ATO released an updated roadmap which ‘details the changes affecting the super industry up until the end of June 2022. This information will be updated every quarter or when there are major changes or announcements’.

Click here for details.

ATO – APRA fund service

On 8 June 2021, the ATO released information in relation to its ‘Super Enquiry Service’ which allows APRA funds ‘to lodge and manage super-related enquiries 24/7’ with the ATO. This online portal will allow funds to submit information requests to the ATO and follow the status of each request which is lodged.

Click here for details.

APRA – Further information for APRA Connect

On 4 June 2021, APRA published further information for trustees in relation to getting ready for APRA Connect. APRA has updated its user guidance and advised that it will conduct a webinar today ‘to provide entities with an overview of available information and support and will include a demonstration of APRA Connect’.

Click here for details.

Reminder

Contribution caps and other tax threshold will be indexed on 1 July 2021. Has all your online information and other member disclosure material been updated to reflect the new rates and thresholds?

KHQ Lawyers - Sanela Osmanovic

Sanela Osmanovic Senior Associate

Sanela is a Senior Associate in the superannuation and financial services team, and has a broad range of experience working with a range of superannuation fund trustees, superannuation administrators,... Read More

KHQ Lawyers - Natalie Cambrell

Natalie Cambrell Principal Solicitor

Natalie Cambrell leads our superannuation and financial services team.  With more than 20 years’ experience, she has an enviable reputation for her in-depth knowledge in these highly regulated and... Read More