SuperStream goes live for first group
The first cohort of participants has successfully processed SuperStream contribution transactions as part of the first group taking part in the induction process.
The Australian Taxation Office (ATO) announced the transactions were processed during the second week of August.
"The experience of this first group highlights the benefits which SuperStream will bring with an end-to-end flow of data and payments from employers to super funds," the ATO said.
Australian Prudential Regulation Authority fund participants included VisionSuper, AMP, IOOF, CBUS, Hesta and REST.
Other participants included QuickSuper, Australia Post, Class Super SMSFDataflow, and Macquarie SMSF.
Gateways included Westpac, GBST, Message Exchange and Superchoice.
More groups are set to take part in the induction process from August to November.
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