Questions & Answers - Rollover In

Once your SMSF has been established you will be able to transfer your existing Super Benefit to your new SMSF. The process to do this can be found here.

Your SMSF does not have a SPIN Number or Member Number and ideally this field should be completed as "Not Applicable" in the Rollover Form. If however your current Superfund requires this field to be completed, you should answer this question with MEMBER 1 or MEMBER 2 or MEMBER 3 or MEMBER 4 depending on which Member the Rollover relates to. That is if you have setup an SMSF with your Spouse you would be MEMBER 1 and your spouse would be MEMBER 2. It does not matter who you allocate as MEMBER 1,2,3 OR 4 as ESUPERFUND will check which Member the Rollover relates to as part of the annual compliance process.

This number is not relevant and this field should be completed "Not Applicable".

Your SMSF ABN will be issued to your SMSF by the ATO and we will notify you of this number immediately on receipt. As a general guide it can take up to 4 weeks after you have returned the signed setup documentation to our office for the ATO to issue the SMSF ABN. Once your ABN has been issued you can find it on the ABR Register here.

We advise that you may contact your current Superfund for a detailed timeline of the rollover process as the processing time varies among different Superfunds.

If your current Superfund processes the rollover via electronic funds transfer (EFT), the rollover amount will be credited to your Fund's bank account directly. You will be provided with a rollover benefit statement by your current Superfund. Please retain this document as it will be required as part of the annual compliance process.

If your current Superfund processes the rollover by cheque, it may take up to 10 business days for the cheque to be delivered if it is sent by standard mail.

In some cases your existing Super Benefit is paid by cheque. The address to send your Rollover Cheque can be your home address or our address (PO Box 401 North Melbourne VIC 3051). Please be advised that on the ATO ABR Register which records your SMSF details our address is listed as the SMSF's address for correspondence. This is necessary as all tax documentation for your SMSF must come to our office given we are the SMSF's Tax Agent. This documentation is in turn forwarded to you for actioning where required. All non-tax documentation will still be sent directly to your home address. Given we are listed on the ATO ABR Register your existing Superfund may insist that the Rollover Cheque is forwarded to our postal address. This is acceptable and we will bank the Rollover Cheque into your SMSF's Transaction Bank Account for you immediately upon receipt.

Given we are listed on the ATO ABR Register your existing Superfund may insist that the Rollover Cheque is forwarded to our postal address. This is acceptable and we will bank the Rollover Cheque into your SMSF's Transaction Bank Account for you immediately upon receipt. The Rollover Cheque is made in the name of your SMSF and can only be deposited in an account with the name.

When you look up the status of your SMSF in the Super Fund Lookup the SMSF may be listed as a 'Registered' SMSF. This means that your SMSF:

• Is treated as complying and is eligible to receive rollovers and transfers
• is regulated, and
• has not been issued with a Notice of Compliance or a Notice of non-compliance.

There is no issue with your SMSF having this status. This status means that your SMSF is a Registered Regulated SMSF that can accept Rollovers and Contributions.

Some Superfunds or your Employer may request that you provide a Notice of Compliance before rolling over or contributing to your SMSF. Please note that several days after registration, your SMSF will appear on Super Fund Lookup as 'Registered’. A few days later, the Notice (Letter) of compliance will issue and change your SMSF’s status to 'Complying'. You will still be able to Rollover your Super Benefit or contribute to the SMSF without a Notice of Compliance. If your Existing Superfund advises that a "Notice (Letter) of Compliance is required to Rollover your Super, you must advise them that this is not the case. In the event they continue to refuse to Rollover your Super a complaint must be lodged in accordance with your Existing Superfunds Financial Services Guide (FSG) or directly to the Australian Financial Complaints Authority on 1800 931 678 or www.afca.org.au.

In some cases your existing Superfund will request that you provide them with a copy of your SMSF Trust Deed or extracts of that Deed. The SMSF Trust Deed was included in the original documentation provided to you to establish your SMSF and was retained by you. You will need to locate this Trust Deed if requested by your Existing Superfund as only you hold the original Trust Deed. ESUPERFUND does not hold your original Trust Deed or a copy of the Trust Deed.

When your SMSF has been established, ESUPERFUND will send you a "Final Establishment Package" with all your SMSF Details and a step by step guide on the rollover process.

If your existing Superfund requires additional information/documentation to evidence your SMSF’s compliance status, it can be found by entering your ABN here. A screenshot of the Superfund Lookup page should be sufficient for Rollover purposes. Other required documentation can be found in your Client Portal under the menu tab “Documents”.