Transcript Fund Validation Service - Software developers homepage

Fund Validation Service and accelerated
induction – SuperStream contributions
APRA funds information session
Presented by
Shane Moore
Australian Taxation Office
13 October 2014
Fund Validation Service
The register is provided to support SuperStream contributions and rollovers, and may only be
used to support payment of contributions where:

The fund has a CONT1.0-X certification value and the employer is sending a
contribution in the standard (Channel A, not alternate solutions); or

The trustee has advised the employer to use the payment details in the register to
support contributions payments after 1 July 2014.
When a fund or product has been cross certified through induction, funds will need to update
the FVS asap with a certification value set to CONT 1.0-X. This will signal to sending
solutions that they can send contributions at volume through to these products as a matter of
business as usual.
The ATO will assist a fund where it wishes to hold off on updating one or more of its USIs
while it builds ramping up confidence. Generally, this should only occur for one or a
maximum of two FVS update cycles (within 2-4 weeks).
Super Stream
2
Fund Validation Service
Web services
There are three web services, scheduled for deployment in ebMS (SBR2) in January 2015.
 FVSU – Update/Lodge – Restricted to APRA funds only for updating new and existing USIs
 FVSL – List USIs – extract a list of USIs for an ABN
 FVSG – Get USI details – Request details of a USI, or a bulk request for all USIs
The final MIG was published on the SBR website on 3 October 2014.
A test environment will soon be available for the FVS services.
Developers will need to complete a subscription form to obtain access.
This form is available on the SILU website via: ttp://softwaredevelopers.ato.gov.au/ebms3EVT
Following industry feedback the ATO has re-considered the implementation plan for these
services.
Super Stream
3
Fund Validation Service
Oct
FVSU Lodge
web-service
FVSL & FVSG
“Look-up” webservices
Interim
service
Final MIG
Final MIG
Fortnightly
publish cycle
Dec
Jan 14
Technical
Deployment
Production
Deployment
Feb
Mar
Apr
FVSU disabled
Jun
13 April – Cut-over
to web-service
FVSL & FVSG services available for use*
Interim service only source of updating Register
13 April - Cessation
of interim Service
* Register details migrated to ICP each fortnight manually
in line with interim service publishing cycles
Key points
 There will be no parallel processing for updating the register
 Updates will continue through the Business Portal only, and register details will be migrated
to the web services on a fortnightly cycle in line with existing publishing cycles
 Lookup web-services will be available for both employers and funds
 The last version of the interim service will be published on 13 April 2015
Super Stream
4
Fund Validation Service
Financial institution details – secondary verification process
To mitigate the risk of unauthorised changes to financial institution account (FIA) details of
each fund, for the web service the ATO is introducing a new verification process to safeguard
updates to this information.
The proposed process and timeframe for collecting the necessary contact details is as follows:
 October 2014 (completed) - letter to APRA fund trustees outlining the next steps and to
advise of FIA details verification process to support web service
 November 2014 – write APRA fund chief executive officers seeking nomination of
appropriate person to provide verification for new or changes to FIA details
 February 2015 - load template onto ato.gov.au and send email to existing FVS email
contacts
 February to March 2015 - New FIA contact templates submitted through the Business
Portal
 13 April 2015 - cut-over to FVS web-service and FIA secondary verification process
commences for new USIs and changes to FIA details on existing USIs.
Super Stream
5
Questions?
© COMMONWEALTH OF AUSTRALIA 2014
This presentation was current in June 2014
Super Stream
6