On 1 August 2014 the Government released an exposure draft regulation and a draft explanatory statement which seek to amend the Superannuation Industry (Supervisory) Regulations 1994. The proposed ‘pass-through’ regulation would require any superannuation fund that receives data relating to a contribution being made to another fund to on-forward that data to the other fund – e.g. If Fund ABC received data about a contribution being made to Fund XYZ, then Fund ABC would be required to pass the data onto Fund XYZ. The proposal has been assessed by the Office of Best Practice Regulation (OBPR) as likely to have a measurable but contained impact on the economy with minor impacts on competition. A RIS has been prepared by the Treasury for consultation. The Treasury is currently inviting interested parties to comment on the exposure draft and explanatory statement. The closing date for submissions is Monday, 1 September 2014. The RIS has been certified by the Treasury and was subject to an early assessment by the OBPR.
- Superstream Pass Through RIS for consultation – [
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