Automation of Income Stream Reviews

1 January 2018

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.

Next steps

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Page last updated: 6 July 2018