SuperStream Rollovers: How to process a fund Roll In using Simple Fund 360

From the Main Menu navigate to Connect, select SuperStream Dashboard.
Switch to Fund View.
Select Request a Rollover.
Select Receiving Fund.

Review the four sections for completeness:

1. Member Details.
2. Receiving Fund Details.
3. Transferring Fund Details.
4. Rollover Transaction Details.
5. Message Sender Contact Details.

1. Member Details:

Member's Name	Select the Member related to the roll in request.
TFN	Member's TFN will populate based on the details entered in the Contacts Screen.
Date of Birth	Member's DOB will populate based on the details entered in the Contacts Screen.
Sex	Member's Sex will populate based on the details entered in the Contacts Screen.
Address	Member's Address will populate based on the details entered in the Contacts Screen.

 

2. Receiving Fund Details:

Is the Fund an SMSF?	This will be automatically selected.
Name	Receiving fund name will display.
ABN	Receiving fund's ABN.
ESA	Receiving Fund's ESA (BGLSF360)
USI	USI is only applicable for APRA funds and is required if the fund provider has more than one superannuation product. USI is not applicable for SMSFs. Funds using Simple Fund 360 can leave this empty.
Member Client Id	Member ID allocated by receiving fund. For SF360 Receiving fund, this field can be ignored if TFN is provided.
Bank Account Details	Enter the bank account details for the fund. The Bank Details must match the ATO records.

 

3. Transferring Fund Details

Is the Fund an SMSF?	Select if transferring fund is an SMSF.
Name	Input the Transfering Fund's Name.
ABN	Input the ABN of the Transfering Fund.
ESA	Input the Transferring Fund's ESA. Only required for an SMSF. Either select the ESA from the drop-down list or type in the ESA for the transferring fund.
USI	USI is only applicable for APRA funds and is required if the fund provider has more than one superannuation product. USI is not applicable for SMSFs. Funds using Simple Fund 360 can leave this empty.
Member Client ID	Member ID allocated by the fund. Member Client ID is mandatory if the transferring fund is an APRA fund.

 

4. Rollover Transaction Details

Is the request for the entire balance?	Select this option if the entire balance is being transferred in.
Requested Amount	When the entire balance is not being transferred, input the requested Amount.

 

5. Message Sender Contact Details

This is the contact details of the sender of the current request. All queries related to the rollover (including payments) will be sent to this contact. 

Fund Administrator Name, Email Address, Phone Number

Select the Accountant attached in the Fund Relationship screen. This will then prefill the below name, email address, and phone number of the contact. Alternatively, manually enter the contact details of the sender of the current request.

Select Save & Submit

Upon Save and Submit, checklists will display to aid and direct you in the Rollover Requests process.

• These checklists can be printed by selecting Export to PDF.

Once all check boxes are selected, Click Confirm and submit to continue.

The transferring fund will need to process the message. Click Here for instructions for the Transferring Fund.

Once processed by the Transferring Fund, the following email will be received (only if Notifications are switched on).

Navigate to the SuperStream Dashboard.

The Transaction Status will automatically update to Roll in Transaction Received.

Click Process

To confirm, click OK.

The Transaction Status will update to Roll in Transaction Processed.

The Following Transaction will be created:

Account 28500/MemberCode - Transfer In		Cr
Account 94920 (Member Data Clearing Account)	Dr

Transaction will automatically match when using Bank Data Service.

If transactions do not automatically match or if the bank transaction related to the rollover has been recorded separately, these transactions can be manually matched by selecting each transaction and clicking match:

Alternatively, click into the Superstream transaction and manually change the debit side from 94920/Member Data Clearing Account to 60400/<Bank Account>

When Notifications are switched on the following email will be received: 

From the Main Menu navigate to Connect, select SuperStream Dashboard.
Switch to Fund View
Select SuperStream Rollovers/Release Authorities
Click on the Roll In Transaction Received.

Review the four sections for completeness:

The following information is populated from the SuperStream message.

1. Member/Beneficiary Details.
2. Receiving Fund Details.
3. Transfer Fund Details.
4. Rollover Transaction Details.
5. Message Sender Contact Details

1. Member/Beneficiary Details:

Is the Rollover for a member or Beneficiary	Fund Member will display, or Beneficiary for a Death Benefit Rollover.
Member's Name	Member's Name.
TFN	Member's TFN.
Date of Birth	Member's DOB.
Sex	Member's Sex.
Address	Member's Address.
Service Period Start Date:	Member's Service Period Start Date.

 

2. Receiving Fund Details:

Is the Fund an SMSF?	This will be selected when Transferring into an SMSF.
Name	Receiving Fund's name.
ABN	Receiving Fund's ABN.
ESA	Receiving Fund's ESA.
Bank Account Details	Bank account details for the receiving fund, details must match the ATO records.

 

3. Transferring Fund Details

Is the Fund an SMSF?	Automatically selected.
Name	Transferring Fund's Name.
ABN	ABN of the Transfering Fund.
ESA	Transferring fund's ESA. (Only where the fund is an SMSF).
USI	Transferring fund's USI (Only applicable for APRA funds).
Member Client ID	Member ID allocated by the transferring fund.

 

4. Rollover Transaction Details

Is the request for the entire balance?	Selected if the entire balance is being transferred.
Insurance details	When the entire balance is being transferred, review insurance cover for Death, TDP and Income Protection.
Requested Amount	When the entire balance is not being transferred the requested amount will be specified, including the tax free/taxable and preservation components of the member balance.
If the request a Death Benefit Rollover checkbox is selected:
Death Benefit Tax Code	Death Benefit Tax Code: This code represents the tax treatment for the superannuation death benefit rollover. P = The dependant is entitled to a concessionally taxed income stream, because the deceased member died aged 60 years or over, and/or the dependant is aged 60 years or over.  Q = The dependant is not entitled to a concessionally taxed income stream, because the deceased member died aged under 60, and the dependant is aged under 60.
Recipient Age Category Code	Recipient Age Category Code: This code represents the age category of the superannuation death benefit rollover recipient.

 

5. Message Sender Contact Details

Name, Email Address, Phone Number

This is the contact details of the sender of the current request. All queries related to the rollover (including payments) will be sent to this contact.

Once reviewed, select Process.

To confirm, click OK.

The Transaction Status will update to Roll in Transaction Processed.

The Following Transaction will be created:

Account: 28500/MemberCode - Transfer In		Cr
Account: 94920 (Member Data Clearing Account)	Dr

Transaction will automatically match when using Bank Data Service.

If transactions do not automatically match or if the bank transaction related to the rollover has been recorded separately, these transactions can be manually matched by selecting each transaction and clicking match:

Alternatively, click into the Superstream transaction and manually change the debit side from 94920/Member Data Clearing Account to 60400/<Bank Account>