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.