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.
Australia’s largest super fund, AustralianSuper, has announced multiple additions to its executive leadership team to focus on global growth and innovation.
Super Review rounds up last month’s biggest people moves in the superannuation industry, including a new fund chair and a private markets head.
Investment returns for the Future Fund hit a milestone in September, adding $200 billion in value for the first time ever.
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.