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LindyMH's avatar
LindyMH
Trusted Cover User
4 years ago
Solved

Merger of Sunsuper and Q Super - New fund

Hi Everyone

 

With the merger of Sunsuper and Q Super - I'm not sure 100% sure how to change over for my employees.

Do I just take them out of the Sunsuper account and move them to the ART new account which I've loaded from MYOB.   

Although what has come up in MYOB has a different ABN to the information the fund has sent through to us. Could this mean the MYOB information is incorrect and should I let them know.

Thanks for your help in advance.

 

Lindy

 

  • Melisa_D's avatar
    Melisa_D
    4 years ago

    Hi LindyMH, 

     

    Thanks for your post. If funds have merged you will need to do the following within your file:

    1. Note down the new super ABN and USI
    2. Go to: Lists > Superannuation Funds
    3. Create a new Super Fund
    4. Enter the new USI to find the registered fund name
    5. Once entered, make sure the checkbox on the right is ticked
    6. Click OK to save the new Fund
    7. Open any employee's with the previous fund and change it to the new fund you've created.

     

    Can you please confirm the new superfunds ABN and USI so I can check the details for you. 

     

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

10 Replies

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  • Melisa_D's avatar
    Melisa_D
    Former Staff
    4 years ago

    Hi LindyMH, 

     

    Thanks for your post. If funds have merged you will need to do the following within your file:

    1. Note down the new super ABN and USI
    2. Go to: Lists > Superannuation Funds
    3. Create a new Super Fund
    4. Enter the new USI to find the registered fund name
    5. Once entered, make sure the checkbox on the right is ticked
    6. Click OK to save the new Fund
    7. Open any employee's with the previous fund and change it to the new fund you've created.

     

    Can you please confirm the new superfunds ABN and USI so I can check the details for you. 

     

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

  • LinLeo's avatar
    LinLeo
    Contributing User
    4 years ago

    I tried to change also and couldn't. I think we have to wait till the 1st of July to change

  • LinLeo's avatar
    LinLeo
    Contributing User
    4 years ago

     

    Melisa_D wrote:

    Hi LinLeo, 

     

    Thanks for your post and welcome to the Community Forum ! Are you able to provide the ABN of both the superfunds so I can take a look into this for you. 

    Hi  Melisa, Below is an excerpt from the email
    Key changes for you as an employer

    Please update our Unique Superannuation Identifier (USI)

    From 1 July 2022 Australian Retirement Trust’s USI will change to 60 905 115 063 003.

    Please be aware that the previous Sunsuper USI 98 503 137 921 001 will cease on 30 June 2022.

    Employers are required to update their employees contribution details to the new Australian Retirement Trust USI from 1 July 2022.

    If you’re making contributions for any QSuper members there is no change, please continue to use USI 60 905 115 063 001.

    You have...

    Employer Payment Details from 1 July 2022

    Australian Retirement Trust members (Previously Sunsuper)

    ABN: 60 905 115 063
    USI: 60 905 115 063 003

    QSuper members

    ABN: 60 905 115 063
    USI: 60 905 115 063 001, or
    USI: 60 905 115 063 002

    Don't worry, there will be a transitional period between 1 July 2022 and 31 October 2022 should you be unable to update your systems to the new USI and we’ll continue to accept your contributions during this period. We'll send you a reminder to let you know that you will need to update the USI.

    From 1 November 2022 contribution data and funds will be rejected if you continue to use the former Sunsuper USI and any contributions will be returned to you.

  • LinLeo's avatar
    LinLeo
    Contributing User
    4 years ago

    I have been sent an email with an updated USI for Australian Retirement Trust ( Previously Sunsuper). 

    The USI is now: 60 905 115 063 003. Will MYOB be updating this? I also have one employee who has a QSuper fund and their USI remains the same (60 905 115 063 001) will there be some sort of differentation within MYOB for this?

  • Melisa_D's avatar
    Melisa_D
    Former Staff
    4 years ago

    Hi LinLeo, 

     

    Thanks for your post and welcome to the Community Forum ! Are you able to provide the ABN of both the superfunds so I can take a look into this for you. 

  • financehouse05's avatar
    financehouse05
    Experienced Cover User
    4 years ago

    Has this query been resolved as I am trying to change my employees sunsuper USI over to the new one for Australian Retirement Trust.  The USI for sunsuper was 98 503 137 921 001 and it should now be changed to 60 905 115 063 003 for Australian Retirement Trust.

  • Melisa_D's avatar
    Melisa_D
    Former Staff
    4 years ago

    Hi LinLeo, financehouse05, 

     

    Thanks for the details. As per that email the changes take into effect from 1st July 2022, the details should be updated when required. In the mean time the previous USI is listed on the MYOB Superfund list. 

     

    Do let us know if you have any further questions. 

  • SMc3's avatar
    SMc3
    Contributing User
    3 years ago

    Hi, 

    Does the below mean we need to go into 100+ employee cards individually and change them?

     

  • Melisa_D's avatar
    Melisa_D
    Former Staff
    3 years ago

    Hi SMc3, 

     

    Thanks for your post. Did you still need assistance with this ? 

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