The Your Future, Your Super measure recently passed
meaning that from 1 November 2021,
employers will no longer be able to use a default fund if a new employee does not select a choice fund.
Instead, the employer will be required to check if the employee has a stapled fund using either the:
Retail service accessed via ATO Online (available 1 November)
Wholesale service accessed via business software (available mid 2022)
The ATO are currently running a survey to make an informed decision on the "request a stapled fund" service to
ensure it supports
current employee onboarding processes undertaken by DSPs. More information about the survey can be accessed
by members via the forum.
DSPANZ recently provided a
submission to the Transition to strengthening client verification consultation undertaken by the ATO
and Tax Practitioners Board. Read about this submission
We are also preparing submission to the following consultations:
Find more information about both of these consultations here.
Farewell Chris Howard
Chris Howard has stepped down as a Director from the Board as he has taken on a new and exciting role. The Board would like to thank
Chris for his contributions to DSPANZ over his 5 years on the board including as Vice President and President. We wish Chris all the best!
Learn more about the changes to the Digital Service Provider (DSP) Operational Security Framework (OSF) following its recent review.
Members can access the slides and recording from a recent meeting held on the changes to requirements here.
We have been meeting with the Fair Work
Commission and Attorney-General's Department recently to discuss the Modern Awards Pay (MAP)
database API and how we can get the industry and government to work together to solve issues around award compliance.