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SuperStream deadline looms

With the deadline for SuperStream projects looming, the ATO is urging superannuation funds to act now to ensure compliance before the June 2013 cut-off date.

SuperStream is a set of standards implemented by the government which intend to improve the process of everyday superannuation transactions.

Funds are urged to start bringing reform plans forward to ensure compliance with the June 2013 deadline.

The new measures would improve fund processes, including fund-to-fund rollovers which will be required in an electronic format.

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