Treasury has released for comment draft regulations which propose to amend the SIS regs and the RSA regs to support the operation of an electronic portability request scheme for superannuation benefits. Broadly, under the proposed amendments, superannuation fund members and RSA holders will be able to electronically request the roll-over or transfer of their benefits from their fund or RSA via an online service provided by the ATO.
The draft regulations are available on the Treasury website.
DATE OF EFFECT: the amendments are proposed to commence on the day after the regs are registered.
COMMENTS are due by 28 September 2012.
[LTN 177, 12/9]