The draft also highlights that the SuperStream data and payment standards will be revised to facilitate payments through the New Payments Platform (NPP). This change is expected to improve the speed of transactions, with near real time payments and enhanced error messaging helping employers and intermediaries quickly resolve any issues.

 

In our latest article, we explore the potential impact of faster payments on the superannuation system.  We dive into how today’s system works, where real time payments can make a difference, and what is needed to ensure that any changes uphold the security and efficiency of the current system.

 

We invite you to read the article and stay informed about the future of superannuation contributions.