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Reporting to Government Focus today on inbound reporting to ATO by employers and funds.

Reporting to Government Focus today on inbound reporting to ATO by employers and funds. Reporting Design Principles Enable the regulator to perform its function effectively, while minimising the reporting burden on industry Build on natural business processes and systems wherever possible

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Reporting to Government Focus today on inbound reporting to ATO by employers and funds.

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  1. Reporting to GovernmentFocus today on inbound reporting to ATO by employers and funds. • Reporting Design Principles • Enable the regulator to perform its function effectively, while minimising the reporting burden on industry • Build on natural business processes and systems wherever possible • Reinforce the incentive to streamline back office with common processes, data and ecommerce methods • Aggregate or pool data where it will contribute to improved engagement of members in the superannuation system. Reporting to Government B2G* • TFN Declaration • Member cont. statement • Lost Members report • Unclaimed Monies statement • SG Charge statement • SG Late Payment Offset • Excess Contributions Tax • Payment Variation • Matching request • AUSTRAC – AML • Member Account Balances* Focus for today Focus for today • Core Design Concepts • For recurring business transactions through-out a reporting period, treat these as a flow concept • Implication: flow contributions and rollover transactions straight through to the ATO, rather than stockpile and aggregate. • 2. For period balances, asset values and account numbers, treat these as a stock concept. • Implication: report accounts and balances at suitable reporting interval to meet desired outcome. • 3. Avoid requiring any calculations and ratios drawing on two or more data sources.Implication: use analytical smarts at ATO end to manipulate the data. * A G2C channel in the form of an Individuals Portal

  2. Data AlignmentThe alignment between contributions and rollover data elements is very high – suggesting message structure should be similar and elements re-usable. This design similarity should be used to assist in building data integrity and enabling data services. Contributions Message Rollover Message Member details I. 11 Fund entity details 11 Supplier entitydetails Employer entitydetails Address structure 6 9 7 Common to all entity details II. Contributions account details Rollover account details 12 7 III. Payment details 7 IV. Authorisation 5 There are four distinct data components of the message structure: I. entity demographics; II. transaction particulars; III. payment details; and IV. authorisation. No transaction demographics such as transaction date are included.Note: This is a partially normalised view. The number of data elements shown for each data grouping.

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