The federal government has set aside $15.1 million in initial funding to support the streamlining of superannuation back-office operations.
The Australian Taxation Office (ATO) will be provided with $3 million in 2010/11 and $11.6 million in 2011/12.
The Department of Finance and Deregulation will get $100,000 over the five-year period from 2010/11 to 2014/15.
The initial funding was provided to develop a mechanism for members to view their superannuation accounts that have been reported to the ATO.
It also allowed for consultation on a detailed design of ATO information technology systems to support the SuperStream measures, the government said.
The Department of Finance and Deregulation was provided with the funds to undertake a gateway review of the project.
A gateway review involves short, intensive reviews at critical points during the execution of a project by a team of reviewers to identify areas requiring corrective action.
"The funding allocated in the budget to APRA, ASIC and the ATO confirms the government is putting its money where its mouth is in terms of getting the SrongerSuper reforms up and running," Australian Institute of Superannuation Trustees (AIST) chief executive Fiona Reynolds said.
"While it's always possible that more funding may be required down the track to fully implement the SuperStream measures, this is an excellent start," she said.
The Association of Superannuation Funds of Australia (ASFA) chief executive Pauline Vamos welcomed the funding, but said it was only a start.
"It only covers design and interface - more will be needed," Vamos said.
However, there has been some concern among super fund trustees that additional funding for SuperStream will come in the form of an super industry levy, while the benefits of the project will extend to other industries as well.
Trustees hoped that if a levy will be imposed it will ask for a contribution from all parties involved, not just super funds.
