Document ID: chunk:federal_register_of_legislation:F2021C00357:body:0:p2
Version: federal_register_of_legislation:F2021C00357
Segment Type: other
Provision Reference: 
Character Range: 2811–5642

July 2014; and

        (f) a small employer, in relation to contributions for an employee, other than contributions to an SMSF that is a related party of the employer, on and after 1 July 2015.

    6 The Standard does not apply to certain transactions

    This Standard does not apply to:

        (a) an APRA-regulated superannuation entity in relation to a closed product.

        (b) a rollover or transfer from a regulated superannuation fund or approved deposit fund if, when the transaction occurs, the superannuation entity is non-complying.

        (c) a trustee of a regulated superannuation fund or approved deposit fund that has received a release authority issued on or after 31 March 2021 by the Commissioner of Taxation under Division 131 of Schedule 1 to the Taxation Administration Act 1953 outside of this Standard.

    7 This Standard incorporates by reference documents or content on a website as existing from time to time

        (a) A reference to a document in a Schedule to this Standard is a reference to that document by that name published from time to time by the Commissioner of Taxation and available at www.ato.gov.au.

        (b) A reference to document or content on a website in a document referred to in paragraph 7(a) of this Standard, is a reference to that document or that content at that website address as it exists from time to time.

        (c) This Standard incorporates by reference the documents referred to in paragraph 7(a) and the documents and content on websites referred to in paragraph 7(b) of this Standard.

    8 Complying with the superannuation data and payment standards

        (a) A trustee of a superannuation entity deals with payments and information relating to a member of a superannuation entity, or a person for whose benefit a contribution to the superannuation entity is to be made, in a manner that complies with the superannuation data and payment standards if the specifications and requirements as set out in the document, or documents, relevant to the transaction, and as existing from time to time, are met.[4]

        (b) An employer deals with payments and information relating to an employee, for whose benefit a contribution to a superannuation entity is to be made, in a manner that complies with the superannuation data and payment standards if the specifications and requirements as set out in the document, or documents, relevant to the transaction, and as existing from time to time, are met.[5]

        (c) The documents referred to in paragraphs 8(a) and 8(b) are those referred to in clause 7 of this Standard.

    9 Terms used in this Standard

    Unless otherwise defined in this clause, terms and phrases used in this Standard have the same meaning as the Superannuation Industry (Supervision) Act 1993 or Superannuation