The ATO has released a draft version of the Fund Validation Service which contains draft fund details of APRA-regulated super funds. It said the response rate from APRA-regulated funds in providing details for the register has been encouraging and it will work with the industry to ensure that all fund details are included in the register before 1 July 2013.
To this end, the ATO said it will be following up with funds that have yet to provide their details for the register, and requesting funds with incomplete or invalid details to resubmit their data. In addition, it said all funds should also verify the information contained in the register, and re-lodge data via the business portal where necessary. According to the ATO, an updated version of the register will be available after 15 May 2013.
[LTN 88, 10/5/13]