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pharvey(Newbie)Newbie
23 Feb 2022

I want to rollover funds from my SMSF to an Industry fund. My accountant has done the paperwork via Superstream, but I want to know what the process is for making the actual transfer.


The Industry fund have nominated a CBA account to deposit the money into and I bank with NAB. Can i take a cheque into a CBA branch to deposit it? Alternatively, do I need to get my bank (NAB) to make an electronic transfer or does it need to be done through Superstream?


Thanks in advance

2,166 views
11 replies
2,166 views
11 replies

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Bruce4Tax(Taxicorn)Taxicorn
24 Feb 2022

Have done one yet, but as far as I understand, superstream transmits the documents and the cash is transferred by EFT quoting the correct code from the superstream docs. When I have to do one, I will watch the BGL rollover video again.


I cannot see that taking a cheque to a bank branch is going to work.


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Richard(Initiate)Initiate
23 Feb 2022

I have the same question. My accountant says I should organise the transfer through my bank, however, the SuperFund I want to transfer to says that it should be done via Superstream. So we find ourselves not knowing how to transfer the monies.

Richard(Initiate)Initiate
1 Apr 2022

I've also had the same query, which I posted in the threads below. The final result was that, after the accountant had done the paperwork via SuperStream, the actual funds were transferred electronically by the bank. As I understand it, SuperStream provides a BSB and account number to transfer to. So, we physically went to the bank and organised the transfer there. That is how it worked for us, but I'm not an expert.

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How do I rollover funds from a SMSF (in pension phase) to an Industry fund? | ATO Community