Wednesday, 07 March 2018 12:07

IRESS service links super funds direct to ATO

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Financial services technology provider IRESS has launched an ebMS messaging service that it says provides superannuation funds with a verified integration pathway to send non-financial data directly to the Australian Tax Office (ATO).

IRESS says it has launched the service in response to the ATO moving from periodic reporting requirements to near real-time reporting of superannuation events and transactions.

The ebMS messaging service is designed to support ATO message flows to enable super funds to meet reporting and compliance obligations -  Member Account Attribution Service (MAAS), the Member Accounts Transaction Service (MATS), SuperTICK (STIC) and Supermatch (SMAT).

IRESS says the ebMS solution, as a managed service, provides a cost effective, compliant, resilient and robust messaging solution that eliminates the need to use multiple system interfaces.

The messaging service can be used across funds and different registry systems.

IRESS’ General Manager of Superannuation, Jeff Hall said: “Our goal is to provide solutions that streamline our clients’ operations, enabling them to focus on delivering value to members.

“The expansion of superannuation reporting obligations led us to consider what technology and automation answers could be delivered to eliminate and improve on current operations.

“By introducing the IRESS ebMS messaging service with native integration on Acurity, we can improve quality and timeliness of super fund reporting to the ATO, reducing risk and improving efficiency.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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