Important ESA changes to your Self-Managed Super Fund
From 30 June 2023, BGL, the cloud-based program we use to view your SMSF balances, will no longer be supporting the Electronic Services Address, AUSPOSTSMSF. Your registered ESA is required to make any contributions or rollovers to your Self-Managed Super Fund through SuperStream and is automatically allocated to you by Coggergurry.
What is SuperStream?
SuperStream is a government reform aimed at improving the efficiency of the superannuation system. Under SuperStream, employers must report super contributions on behalf of their employees by submitting data and payment details electronically in accordance with the SuperStream standard. All superannuation funds, including SMSFs, must receive contribution details electronically in accordance with this standard.
What does this mean?
Those funds registered with the old AUSPOSTSMSF Electronic Services Address will need to have fully transitioned to the new BGLSF360 ESA to receive SuperStream data by 30 June 2023.
How do I know if this affects me?
Coggergurry will be sending out notifications for those Self-Managed Super Funds who have recently received contributions, so you may advise your employer of the new BGLSF360 ESA. If by 30 June 2023, you have yet to inform your employer of the new ESA, no contributions or rollovers can be accepted.
Contact Rebecca Ryan at the office if you wish to discuss any questions or concerns you may have.
