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Superannuation Fund | Details tab

The fields displayed on this tab page are determined by Australian legislative requirements.

Enter the following type of data on the Details tab:

Field

Data

Details

SPIN (if applicable)

(Blank)

Superannuation Product Identification Number.

Legal Name

Construction and Building Industry Super

Legal name of the superannuation fund.

Employer ID

(Blank)

Company’s identification code.

Fund ABN

(Blank)

Superannuation fund’s ABN number.

USI

(Blank)

Superannuation fund's Unique Super ID. This offers an alternative identification method to the ABN and SPIN identifiers.

Intermediary fund ID

(Blank)

Identifier used by the Clearing House /Intermediary for the Superannuation Fund.

Defined Benefit

No

Yes/No field that indicates whether this is a defined benefit fund.

Note: Defined benefit funds require an Australian employer to contribute at a rate that provides an employee with a defined benefit. This benefit can be a multiple of the employee's final salary, a specified amount, or both. The employer’s level of support is calculated by an actuary, and employers need to obtain a benefit certificate showing the notional employer contribution rate.

Complying Fund

Yes

Yes/No field that indicates whether the superannuation fund or self-managed superannuation fund (SMSF) complies with Federal Governments rules. You can check superannuation funds with the Super Fund Lookup at www.ato.gov.au/super

Note: The Register of Complying Super Funds (RoCS) is a publicly available list of all complying superannuation funds, approved deposit funds and eligible rollover funds regulated by the Australian Prudential Regulation Authority (APRA) and self-managed superannuation funds regulated by the Tax Office.

SMSF

No

Yes/No field that indicates whether this is a self-managed superannuation fund.

An SMSF has fewer than five members, each of which is a trustee of that fund. For more information, go to www.ato.gov.au and search for "SMSF".

If SMSF = "Yes", then the following message appears when you save the record:

Superfund Fields

Defined Benefit Field

If you try to change the Superannuation Fund | Details tab | Defined Benefit value and transactions exist for that Superannuation Fund record, then the following type of warning appears and you cannot change the value:

Warning-

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Topic: 11273