The information below is provided by Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237492 RSEL L0001281 (MIML), as the Trustee for a number of public superannuation funds and the Operator for a number of Investor Directed Portfolio Services (IDPS).
The current wrap offer documents are available from www.macquarie.com.au/wrapofferdocs
This Product Disclosure Statement is to be read in conjunction with the relevant Zurich insurance Product Disclosure Statement. To view the Zurich website, please click here.
As part of the SuperStream reforms, employers are required to send super contribution payments and related contribution data electronically to super funds using the new Data and Payments Standard (the Standard).
We encourage you to familiarise yourself with your obligations under the SuperStream reforms. We have included below several videos and FAQs by the Australian Taxation Office (ATO) to help you understand the SuperStream reforms. For more information, please visit the employer section of the ATO website.
Macquarie-administered superannuation funds are able to receive SuperStream contributions.
We will continue to accept contributions using existing methods during the transitional period for those employers who have not transitioned to the Standard and are not yet ready to send contributions using an eligible SuperStream method.
Employers or their service providers can obtain the appropriate crediting details (bank details for EFT payments and biller codes for BPAY) from the ATO Fund Validation Service.
Employers will require the following fund information to send contribution information and payments via the Standard:
Employers or their service providers can use the USI to assist with identifying the individual super product on the ATO’s Fund Validation Service in order to obtain the crediting details for that super product. Please refer to the ATO resources on this page for more information.
Please note our existing direct debit, direct credit (direct deposit facility) and BPAY payment options for employer contributions are not eligible SuperStream contribution formats. However, we will continue to offer existing contribution methods for employers to meet Superannuation Guarantee (SG) obligations while they preparing to upgrade to an eligible SuperStream method.
We recommend employers transition to a SuperStream compliant method as soon as practical (as outlined in the previous section ‘Sending contributions under the new Standard’).
The ATO has advised employers have several options for meeting the Standard for contributions, such as:
Please view the ATO’s Prepare now for SuperStream flyer for a summary of what you need to do.
If you have any questions regarding how to make employer contributions to our super product, please contact us.
The current Responsible Entity (RE) for the Macquarie Treasury Fund, which is the underlying investment of the Investment Accumulator cash fund, has changed from Macquarie Investment Management Limited (MIML) to Macquarie Investment Management Australia Limited (MIMAL).
While MIML conducts other functions, MIMAL’s core activity is acting as an RE of registered schemes. We believe that this change to MIMAL as the RE for the underlying cash fund investment for the Investment Accumulator product will be beneficial as it provides a specialist entity to act as the RE.
You do not need to do anything to effect the proposed change of responsible entity from MIML to MIMAL.
For more information and updates, visit macquarie.com/re-changeupdate.
Call: 1800 025 063
For more information please speak to your adviser or contact Client Services on the number above.