SuperStream Working Group Measures of Success Rollover Process Member Contributions Process

1. SuperStream Working Group • Measures of Success • Rollover Process • Member Contributions Process • 15 April 2011

2. Measures of Success • What progress has been made? • Target behaviour changes • Contributions and Rollover processes (time based) • Measurement method • What measures are envisaged? • Improved member experience • Improved employer experience • Industry Collaboration • Sustainable culture of improvement • What next? • Final workshop next week • Reportback on measures, definitions and method at next SuperStream meeting

3. Rollover Process • What progress has been made? • Key data elements defined (50) • Draft message implementation guide produced for review • Peer review with ATO Software Developers Consultative Group (7/4) • Second workshop review with SuperStream sub-working group • What conclusions can be drawn thus far? • Data elements required for electronic messaging can be further simplified • (esp. removing the 14 fields associated with the detail of Contributed Amounts) • Nearly all data elements are covered already in the SBR definitional taxonomy • There are a small number of technical design issues to be resolved before a draft Message Guide (MIG) could be brought to final • There are three significant policy and contextual issues which need to be resolved first (refer next page) • What next? • Resolve the policy and process issues • Re-issue an updated version of the Rollover MIG with appropriate context on the policy and process setting.

4. Rollover Process • Key Policy Issues • Two key blockers need to be removed from the current rollover process: Proof of identity and Insurance cover. In addition, Rollover and Account Consolidation imperatives need to be aligned. • Proof of Identity • Our working assumption has been that POI check at rollover process can be replaced by a simpler and automated ‘Identity Verification’ check against the ATO’s TFN database. • This raises the question of will POI instead be required at the entry and exit points to the super system? • If created at entry, can POI be linked to existing POI processes, eg around establishment of bank accounts? • If created at entry, how do we ensure any delays in completing POI do not prejudice or impede an employer’s obligation to start making SG payments? • Insurance Cover • Our working assumption is that ‘From Funds’ will be prevented from delaying the processing of rollovers on the grounds of ‘members’ best interest’ re insurance cover. • How is this to be achieved in a legislative and regulatory sense? • Account Consolidation • How do we ensure the approach taken to streamline the Rollover process aligns with the Account Consolidation process (and vice versa)? • Rollover Request • What authentication and authorisation process for requests? Is pin/password based authentication sufficient to deal with risk? Refers POI question. • Rollover Transaction • Where does the unique transaction identifier come from? Standardised number with improved SPIN plus account number. • What member identifier is used, where no TFN is available? • What type of validation processes are required? What process step precisely? • Where do routing details (receiving IP address) come from? Delivery error handling? • Rollover Payment • Are options other than BECS Direct Credit needed? Yes, BPAY. • How do we future proof/provide a pathway for adoption of improved payment options in future? Enable move to potential ISO20022 and MAMBO alternatives. • How are SMSF bank account details verified? • Rollover Acknowledgement • What Message Headers Structure will be used to contain the XBRL Payload? • Key Design Questions

5. Person’s name • Given name • Middle name • Family name • Name title Payment details • Target BSB • Target Account number • Target Account Name • Payment reference number • Fund contribution total Employer details • Contributor business name • Contributor ABN • Contact Given Name • Contact Family Name • Contact number • Contact email • Alternate addressee • Postal address • Employer trading name Small Business Superannuation Clearing House – Data View Contributions Fund entity details Account details • Target Fund ABN • Target Product ID • Target Fund Name • Entity name • Postal address • SG amount • Contribution reference • Employer other amount • Employee amount • Contribution period start date • Contribution period end date • Member contribution total Contributions Member details • Record Type • Fund member number • TFN* • Payroll number • Employment commencement date • Employment Termination date • Person’s name • DOB • Phone number • Email address • Postal address • Postal address • Address line 1 • Address line 2 • Suburb • State • Postcode • Country Defined in swimEC message guidelines (v8.3)

8. 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. Member details 11 Address structure 6 Fund entity details 11 7 Payment details 7 Contributions account details Rollover account details 7 12 Supplier entitydetails 7 Authorisation 5 Note: partially normalised view