1. Fund Validation Service and accelerated induction – SuperStream contributions APRA funds information session Presented by Shane Moore Australian Taxation Office 13 October 2014

2. Super Stream 2 Fund Validation Service The register is provided to support SuperStream contributions and rollovers, and may only be used to support payment of contributions where: The fund has a CONT1.0-X certification value and the employer is sending a contribution in the standard (Channel A, not alternate solutions); or The trustee has advised the employer to use the payment details in the register to support contributions payments after 1 July 2014. When a fund or product has been cross certified through induction, funds will need to update the FVS asap with a certification value set to CONT 1.0-X. This will signal to sending solutions that they can send contributions at volume through to these products as a matter of business as usual. The ATO will assist a fund where it wishes to hold off on updating one or more of its USIs while it builds ramping up confidence. Generally, this should only occur for one or a maximum of two FVS update cycles (within 2-4 weeks).

3. Super Stream 3 Fund Validation Service Web services There are three web services, scheduled for deployment in ebMS (SBR2) in January 2015. FVSU – Update/Lodge – Restricted to APRA funds only for updating new and existing USIs FVSL – List USIs – extract a list of USIs for an ABN FVSG – Get USI details – Request details of a USI, or a bulk request for all USIs The final MIG was published on the SBR website on 3 October 2014. A test environment will soon be available for the FVS services. Developers will need to complete a subscription form to obtain access. This form is available on the SILU website via: ttp://softwaredevelopers.ato.gov.au/ebms3EVTttp://softwaredevelopers.ato.gov.au/ebms3EVT Following industry feedback the ATO has re-considered the implementation plan for these services.

4. Super Stream 4 Fund Validation Service FVSU Lodge web-service Interim service DecFeb Jun Jan 14Mar Final MIG Technical Deployment Fortnightly publish cycle 13 April - Cessation of interim Service Apr FVSL & FVSG “Look-up” web- services Oct Production Deployment 13 April – Cut-over to web-service FVSU disabled FVSL & FVSG services available for use* * Register details migrated to ICP each fortnight manually in line with interim service publishing cycles Interim service only source of updating Register Final MIG Key points There will be no parallel processing for updating the register Updates will continue through the Business Portal only, and register details will be migrated to the web services on a fortnightly cycle in line with existing publishing cycles Lookup web-services will be available for both employers and funds The last version of the interim service will be published on 13 April 2015

5. Super Stream 5 Fund Validation Service Financial institution details – secondary verification process To mitigate the risk of unauthorised changes to financial institution account (FIA) details of each fund, for the web service the ATO is introducing a new verification process to safeguard updates to this information. The proposed process and timeframe for collecting the necessary contact details is as follows: October 2014 (completed) - letter to APRA fund trustees outlining the next steps and to advise of FIA details verification process to support web service November 2014 – write APRA fund chief executive officers seeking nomination of appropriate person to provide verification for new or changes to FIA details February 2015 - load template onto ato.gov.au and send email to existing FVS email contacts February to March 2015 - New FIA contact templates submitted through the Business Portal 13 April 2015 - cut-over to FVS web-service and FIA secondary verification process commences for new USIs and changes to FIA details on existing USIs.

6. Super Stream 6 Questions? © COMMONWEALTH OF AUSTRALIA 2014 This presentation was current in June 2014