Information for APRA fundsVersion: 7.4.12
How are transfers and rollovers to SMSFs processed?
If your super fund receives a transfer or rollover request you should always:
- ensure you have adequate Proof Of Identity (POI) checks in place to confirm the identity of the member before processing the request
- check Super Fund Lookup to confirm the fund is a regulated super fund
- verify the individual is recorded by the ATO as a member of the SMSF by using the SMSF verification service through Standard Business Reporting software. More information can be found on ato.gov.au .
Guidance information has been issued to APRA trustees to assist in in managing transfers and rollovers to SMSFs.
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