Gateway Network Governance Body: Superannuation Transaction Network Management

Overview

The Gateway Network Governance Body (GNGB) is an industry owned, not-for-profit organisation, whose main purpose is to manage the integrity of the Superannuation Transaction Network (STN). As the STN underpins the superannuation system, the GNGB plays a key role in providing a governance framework for the STN and ensuring that the STN continues to assist employers and superannuation funds in meeting their obligations under the mandatory Data and Payment Standard from the SuperStream regulatory program. In Budget 2024-25, the Government provided an additional $2.7 million over for 4 years from 2024-25 (and $0.7 million per year ongoing as part of the Treasury Portfolio – additional resourcing measure) to increase the grant to $1.349 million per year (adjusted for indexation) to support the GNGB in continuing to manage the integrity of the STN. A new Grant Agreement will be entered into between the ATO (on behalf of the Commonwealth) and the GNGB.