The Super System Review has released SuperStream: Bringing the Back Office of Super into the 21st Century, a preliminary report focused on improving the operations and efficiency of the superannuation system.

To address these problems, the Review Panel proposes a package of measures which include:

• improving the quality of data when members enter the system using industry-wide standards;
• better use of technology, including ‘straight-through processing’ (ie without human intervention);
• e-commerce solutions to replace paper;
• extending the use of the tax file number as a primary identifier throughout the system;
• easier consolidation of multiple member accounts; and
• eliminating redundant processes, leading to simpler rollovers and consolidations.

The final report will be delivered to the Government by 30 June 2010.