The Contributions Hub has been established to provide an economical means for SMSFs and small APRA funds to meet their compliance obligations for SuperStream.
It allows APRA funds to send and receive rollovers and to receive contribution advices from payroll systems.
It allows SMSFs to receive contribution advices from payroll systems. Note that currently the ATO does not want rollovers to be sent to or from SMSFs using SuperStream - they must still be done manually.
It is not intended to handle significant volumes of transactions for larger APRA funds. Ozedi has a variety of solutions for such funds which can be found on the Ozedi web site
If you are a Self Managed Superannuation Fund
You register yourself as a Contributions Hub user with your SMSF details.
From July 2014 you must receive your contributions in the SuperStream electronic format. The date when you will actually start receiving contribution advices via SuperStream will depend on when your employer starts sending contribution advices via SuperStream and that will depend on when they want to start. From July 2014, the ATO is running a gradual implementation of SuperStream through an induction process. Unless your employer elects to be in induction group one, you will not receive any contribution advices via SuperStream before October 2014.
If you are an APRA fund
You register yourself as a Contributions Hub user with the details of one of your funds
You can then start by sending a test rollover from your fund to itself and checking to see that the data has been transmitted successfully
We will send you a link so you can add your other managed funds to the hub
You can send a rollover to any APRA fund
You will be able to receive a rollover from any APRA fund - you will be advised by email if a fund sends you a rollover so you can log on to the Contributions Hub and retrieve it
You will be able to initiate a rollover request from the Contributions Hub and be able to respond to initiate rollover requests
From May 2014 you will be able to receive your contributions in the SuperStream electronic format.
All these requirements will be available to APRA funds well before the due date.
The Contributions Hub is connected to the Ozedi SuperStream gateway and ensures that as an APRA fund you fulfill all your compliance obligations under the SuperStream regulations.