The Association of Superannuation Funds of Australia - Authorisation - A91548 & A91549

The Association of Superannuation Funds of Australia (ASFA) seeks authorisation for certain stewardship arrangements for the Superannuation Transaction Network (STN). The STN consists of a series of gateways, which are network entry and/or exit points, operated by 'Gateway Operators' for, or on behalf of employers and superannuation funds, for the purpose of routing, switching and packaging the data comprised in rollover messages or contributions passing between employers and funds, being Superannuation Transaction Messages.

Specifically, the ASFA, on behalf of a new self-regulatory body, the Gateway Network Governance Body (GNGB) and currently and future Gateway Operators who become signatories to a new Memorandum of Understanding for participants in the STN, seeks authorisation for GNGB and the Gateway Operators to make and give effect to provisions of the MoU concerning:

o the application and effect of the MoU;
o acceptance by GNGB of applicant parties as Gateway Operators;
o the role of GNGB concerning access and entry and exit of Gateway Operators to or from the MoU
o fees payable by the Gateway Operators;
o rights to use the STN to exchange messages;
o dispute resolution; and
o remedies for non-compliance by Gateway Operators with STN procedures, including probation and termination.

On 19 December 2016, the ACCC granted authorisation for 5 years (until 10 January 2022).