POWERED BY MOMENTUM MEDIA
ATO certify Bravura’s Babel for Super TIC
Bravura Solutions' Babel financial messaging application has been certified by the Australian Taxation Office (ATO) to lodge superannuation tax file number (TFN) integrity check (Super TIC) transactions.
Super funds will be required to register with a super TIC service under SuperStream reforms and data standards that require Australian Prudential Regulation Authority (ARPA)-regulated funds to validate member details before processing a rollover request.
Babel, which allows super funds to comply with SuperStream messaging requirements, is pre-integrated with Bravura's suite of administration and contributions systems and also integrates with third party systems.
Bravura chief operating officer for Asia Pacific, Jason Tong, said Babel's early certification was testament to Bravura's bid to stay at the forefront of regulatory change and support smooth transitions for its clients.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
