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Rollovers

Find out about rolling member benefits between super funds using the SuperStream standard.

Last updated 18 August 2021

You must use the SuperStream Data and Payment Standards (SuperStream standard) when your member requests a rollover of their member benefits to another super fund. This includes where you are required to roll your member's benefits (including partial rollover requests) between APRA-regulated super funds, retirement savings accounts or self-managed super funds.

Exceptions

The SuperStream standard does not apply in these circumstances:

  • When rolling to or from a non-complying fund.
  • Closed products – a product that doesn't receive any contributions or rollovers, but for which a member’s withdrawal benefit may be rolled over to another super entity.
  • The calculation of preservation components or asset drawdown for partial rollovers – these calculations are done in line with other legal requirements prior to completing the rollover in SuperStream
  • Rollover amendments and cancellation – these are managed through other processes between the relevant parties.
  • In-specie rollovers – these can be managed through a process agreed between the parties.
  • Internal fund rollovers – these can be handled by appropriate accounting and registry entries.

See also:

QC47562