From 1 January 2018, we’re introducing a new one-step electronic data transfer process for income stream reviews.
There’s a new one-step electronic process for some income stream reviews from 1 January 2018.
Many providers already give us information electronically for these income stream reviews using a two-step process.
The change means you can easily give us this information on behalf of our mutual recipients and card holders.
It’s a more efficient way to do the reviews. There’s no change to how we assess income streams.
From 1 January 2018 - 1 January 2019:
- the old (two-step) process, and
- the new (one-step) process will be in place
From 1 January 2019:
- only the new (one-step) process will be in place
Providers other than Self-Managed Superannuation Funds and Small APRA Superannuation Funds can register for the new process in 2018. Registration becomes mandatory from 1 January 2019.
We are holding regular information sessions about the changes. Email the Income Streams team for more information or to register for a future session.
Information about the collection and use of personal information under the new process is available by reading the Income Stream Reviews privacy notice.