SBR to be Standard Platform for Australia Superannuation Industry

Standard Business Reporting (SBR) has been announced as the standard platform for superannuation industry transactions as part of the Stronger Super Reforms.  Specifically, SBR will be used to develop the taxonomy and message structures and XBRL will be used as the standard for information exchange across the superannuation industry in Australia. These standards will be mandated across all member contribution and rollover superannuation transactions and relevant reporting to Government.

Read the full Stronger Super Information Pack.

Read the media release from the Hon Bill Shorten MP, A Better Deal for Super Fund Members.