Vision Super is first off the mark to send contributions in the SuperStream format.
Vision Super has worked with two of its employers to finish off the initial testing of SuperStream with the Australian Taxation Office (ATO).
The fund announced Hansen Technologies was the first employer to use the new standard, and said both companies in the testing are running live with the SuperStream format.
"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.
Vision Super was part of the first induction group working with the ATO to roll out SuperStream contributions through the new method.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.