Australian Taxation Office
Key MessagesTitle:Superannuation Data Standards Technical GroupVenue:Telepresence 99999 94536 | ATO Office Melbourne CBD – 747 Collins Street – Telepresence Room L9.716Sydney CBD – 52 Goulburn Street – Telepresence Room L12.706Canberra – Genge Street – Telepresence Room N1.10 Penrith – 121-125 Henry Street - Telepresence room L4.701Event date:Wednesday 31 July 2019Start:10.00amFinish:12.00pm Contact Louise IsonPhone: 6216 4654 Chair:Larissa EvansA/g Assistant Commissioner, Fund Services and Engagement - ATOMembers:Ty WinmillGraham DawsonShane MooreSharna MaltmanMadhavi TalapaneniJohn KennedyTristan HerbertYong ZhangJamie HancockDamian EleyMatt ReaDavid KerrFraser Cooper-SouthamStephen MilburnDavid DelaneyPhilip BoadiBrett HillierPaul LarsenMichael VernikDavid Ams Fund Services and Engagement, ATO Fund Services and Engagement, ATOFund Services and Engagement, ATODigital Partnership Office, ATODigital Wholesale Integration, ATOCBA GroupCSCGBSTIFF/ Australian Payroll AssociationIntunity/PWCLink GroupNABSuperchoiceSunsuperANZClass LimitedSuncorpASFABravura SolutionsIRESSGuest presenters:Tracie CrowdenLouie MarkovskiJoe MaxymenkoDirector, Reporting to Government Design – ATOIndividuals Super Experience team –ATOFund Services and Engagement – ATO Apologies:Sangitha SivayogarajGrant Doherty Digital Wholesale Integration, ATOQvalentAgenda item: 1– Welcome and overview of groupLarissa Evans opened the meeting noting this is the first SDSTG meeting. Larissa provided some background on the recent review of ATO committees and consultation arrangements and provided context around the Terms of Reference. Highlighted from the Terms of Reference were the purpose and the scope with the emphasis on making this an active group and continuing the work that has been done in regards to interpretation of the standard, along with making recommendations to any interpretative issues, guidance as required and linking into the SSRG. It was noted the need to encourage members to actively participate in the group to ensure we continue to achieve outcomes which will heavily rely on members constructively and respectfully participating, sharing views and experiences. In terms of logistics we will be using telepresence and teleconference facilities, the group will meet every two months and if there is a need for out of session meetings they can be organised.Subject to the issues management process the Terms of Reference was agreed by members.Agenda item: 2 – SDSTG issues Ty Winmill presented the issues management process in the Terms of Reference and provided detail around how issues will be managed by the Data Standards and Enabling Services team.The group discussed the issue register format and suggested changes to include date referred and date response required.Each issue was discussed by the group and allocated a priority and owner. Updates made for each issue has been included in the issue register summary.Agenda item: 3 – Rollovers V3 strategy Tracie Crowden provided members an overview of the progress being made relating to the Rollovers V3 strategy and provided an update from recent consultations. Key messages included: We looked at the design that we put in place for SMSF rollovers and it is really about two services that support the rollover 1.SMSF verification service and 2. SMSF MemberTICK service. Besides some very minor tweaks the design is still robust and we are comfortable that’s where we landed.Included is the work we did a while ago in terms of release authorities, there are some changes there with quite a few of a technical type which this group will be very interested in in terms of the changes we are making to support the release authorities message.We are documenting a comprehensive change log and we will re-issue out the MIG to identify where those changes and tweaks are. When we issue that back out we are issuing to industry with a view to give a couple of weeks for feedback as we want to make sure we have got the changes right and we have our thinking right before we publish a draft version for consultationWe took the time to discuss whether we need to position ourselves for further change as there are things like compassionate release authorities and a lot of other notifications (one way push notifications) that are coming into the industry and where the ATO would like to be able to notify industry of a message. We want to call out and put design around so that if we have the opportunity to advocate while there are other changes then we are lined up for that so then we can streamline some of the processes.We have put in place a process to send alerts via sms and email whenever there is any change to the an SMSF’s details e.g. change to membership, change of contact details or change to bank account details Every member of the SMSF will get a sms and an email or one or the other if they have registered on our client register. That is an attempt to make sure people are aware that changes are.Data cleanse activities are being done with client based information we have and for some of those activities we might reach out to service providers and funds just to help match some of our data so that we have the best quality data when we start to introduce SMSFs to rollovers and to release authorities. If the data doesn’t match with what we hold in our system and what’s provided on some of the requests prior to the rollover then that’s when the notification back to the fund will say it failed verification and potentially the rollover won’t occur. The more accurate the data we get up front then a more positive response to a rollover.Implementation plan has been discussed and a proposed schedule has been put forward which will be tested internally. Timeframes for technical documentation has been established for November 2019. We are investigating if the ATO can deploy two SMSF’s services in September 2020 which will allow for testing to start we are also hoping that the EVTE will be available August/ September next year. This will allow industry to have a long period to test and onboard ensuring industry is over the line by March 31 2021. This allows SMSF service providers to build early, potentially September 2020 which will allow peer testing. The ATO will need to go into production from September or December 2020.To achieve these outcomes we are now at the stage of taking the conversation we had in the design consultation and issuing that out to industry for feedback and moving from there, providing our draft documentation, communication strategies and working towards the final documentation specifications.Agenda item: 4 – Protecting Your Super (PYS)Louie Markovski provided members with an update on Protecting Your Super (PYS). Key messages included:The PYS package is part of the 2018-2019 budget; it was referred to the economics committee and passed both houses of Parliament early this year with Royal ascent granted on the 12th of March. Introduced were a number of initiatives that are designed to protect individual retirement savings from fee erosion and unnecessary insurance. From the ATO and Fund perspective was the introduction of this new category, the inactive low balance account and it will form part of the USM framework. Funds will have to report general USM as well as Inactive Low Balance Accounts (ILBA) as part of their normal USM framework twice a year. The first time ILBA is being reported to the ATO by funds will be 31 October 2019.An important aspect of the legislation is that the commissioner now has the power to pro-actively consolidate to a members active eligible account that is being held by the provider Pro-active consolidation will only happen in certain situations, it won’t occur for all categories and will need to meet a certain legislative criteria, one of those criteria is; to be an active account there needs to have been contributions received from the current financial year as well as the previous year but also the threshold of whatever is being rolled over to an account, that account needs to have reached a threshold of equal to or greater than 6K. There is an obligation for the Commissioner to pay directly where a certain amount are less than $200 or where the individual has reached the eligible age 65 and above.Recent data indicates approximately 3 million USM accounts (including ILBA). We are of a view we will not pro-actively consolidate until after 31 October reason being the data will need to be available, by running batches in October it will ensure a streamlined process and manageable. Dates have not been confirmed however the goal is to lessen the impact of funds.The volume of 3 million is significant, early insight to the data indicates that a large proportion is for accounts less than 200 because they are less than 200 they will not be pro-actively rolled over. They will be re-united and paid to the individual directly and that will lessen the volume going through gateways. The revised volume will then be 2 million with pro-active consolidation occurring between October and November and correspondence pushed out before Christmas.Members expressed interest in further updates. Action item:31.07.2019-1Due date:September 2019Responsibility:ATO- Louie MarkovskiThe ATO to provide members with a summary of requirements for buildAgenda item: 5 – AUSkey transition Joe Maxymenko provided members with an update on the AUSkey transition noting key messages from the recent AUSkey information session. Key messages included:Standard AUSkey is being transitioned across to myGovID, myGovID will be the actual credential that is replacing the standard AUSkey. Device credential will be replaced by machine to machine credential. The biggest impact to industry is the business process change; this whole piece should not see a lot of technical change.Different rollouts will be occurring in the next 6 months. Release of the myGovID app on the Apple store was released 10 June 2019 with an android release scheduled around for October 2019. The PC version is still on the table however no timeframes.From a business perspective it is critical to start thinking about how iPhone/smartphones are going to fit into current processes for handling this application.Over the next 2 weeks some detail will be provided around training packages. With each release sessions will be run post-release. Initial support will be given in collaboration with DPO. Detailed scenarios will be revised. Access manager will remain the same there will be links through to RAM via Access Manager that will assist in being able to manage your appointments.Offshore management, we are aware that some have relied on device credentials managed offshore, you won’t be able to do that going forward Australian credentials will need to be provided. Takeaway messages include make sure ABR is up to date; clean up business appointments and user permissions. Agenda item: 6 – Other business Larissa Evans noted that the branch governance team is the secretariat for the SDSTG, any feedback or questions can be sent to FSE Governance Ty Winmill addressed the group advising he will be moving to a new role and thanked the members for their support over the years.Timing for the next SDSTG will be 16th of September, 3pm to 5pm. ................
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