BGL is SuperStream ready. Are you?
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, announces their Simple Fund 360 software was SuperStream Rollover compliant on 1 October 2021. On this date, SuperStream became mandatory for all member balance rollovers to SMSFs. The ATO advised all SMSF SuperStream must now be completed with SuperStream.
“I am incredibly proud of the Team,” said Ron Lesh, BGL’s Managing Director. This was a huge task for BGL as not only did we need to develop the convoluted SuperStream rollover process with a new data provider, but we also needed to create a new BGL Electronic Service Address (ESA) for clients”.
Since 28 September 2021, BGL Simple Fund 360 clients have had access to a major software update that includes the SuperStream changes.
This was the fourth Simple Fund 360 update since 30 June 2021. The new software allows clients to initiate and receive member balance
rollovers and process release authorities with the new BGL ESA.
BGL has also developed a number of SuperStream resources for BGL clients.
Simple Fund 360 Online Help: SuperStream FAQs
Webinar Recording: SuperStream changes in Simple Fund 360
BGL Website: Are You SuperStream Ready?
BGL clients who need help with these SuperStream changes can check out the links above or contact their BGL Account Manager on 1300 654 401 or by email at [email protected]