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  • How to complete a paper report

    The following information will help you complete the transfer balance account report. For information on the terms used in these instructions, see Definitions.

    On this page:

    Section A: Member details

    Complete the information in Section A accurately to avoid delays in updating your member’s transfer balance account.

    1 Tax file number (TFN)

    Enter your member’s TFN. You don’t have to provide your member’s TFN to us, however, it will help us identify your member correctly and process your report quickly.

    2 Name

    Enter your member’s full name.

    3 Date of birth

    Provide your member’s date of birth to avoid delays in processing your report.

    4 Current residential address

    Enter your member’s residential address.

    Section B: Cancellation

    5 Are you cancelling a previous transfer balance report?

    If yes tick the box at Section B Cancellation and complete the event exactly how you originally reported it. If you need to re-report ensure that you have sent the cancelled report first.

    If you had previously reported multiple events you only need to include details of the event you wish to cancel.

    Section C: Fund/Supplier/Provider details

    6 Intermediary/Supplier name

    Are you authorised by the provider to complete this report on behalf of the provider?

    Yes – Enter the intermediary or supplier name.

    7 Australian business number (ABN)

    Enter the ABN of the intermediary or supplier and provide your contact details at Section G.

    8 Fund/Provider name

    Enter the income stream provider/fund name.

    The provider is the particular super fund, approved deposit fund (ADF), retirement savings account (RSA), or life insurance company that holds the account for the member.

    A super fund includes all public sector super schemes, regardless of whether they are administered by the Australian Prudential Regulation Authority (APRA), and regardless of whether they are constitutionally protected.

    9 Fund/Provider ABN

    Enter the income stream provider/fund ABN.

    10 Fund/Provider TFN

    Enter the income stream provider/fund TFN.

    You don’t have to provide the TFN to us, however, it will help us identify the provider correctly and process your report quickly.

    Section D: Events

    This section asks for the details of each event you are reporting. When a member has multiple events in most circumstances you may report up to four events on this report. If reporting more than one event, you will need to complete all relevant sections, at event one for the first event you are reporting, the fully complete event two for the second event you are reporting and so on.

    Note: When you are reporting for a child death benefit (reversionary or non-reversionary) you must supply only one event per report.

    11 Event Reporting

    Choose which event you are reporting and read step:

    • 12 if you are reporting an event in response to a commutation authority issued by the Commissioner to the fund. Go to step 14 if you are reporting any other commutation by the member, including a commutation the member has requested because they have exceeded their cap and we have sent them an excess transfer balance determination and have not sent the fund a commutation authority.
    • 13 if you are reporting an event associated with starting an income stream or you have a Limited recourse borrowing arrangement repayment (LRBA).
    • 14 if you are reporting
      • a members commutation (including a commutation requested by the member because we have sent them an excess transfer balance determination but not yet sent the fund a commutation authority),
      • a structured settlement post 1 July 2017
      • an income stream has stopped being in the retirement phase.
       
    • 15 if you are reporting your member's accumulation phase value or retirement phase value for Total super balance (TSB).

    12 Commutation authorities

    A Commutation authority is a notice the Commissioner issues to a super income stream provider requiring the provider to commute an amount from a specified super income stream.

    When you have complied with the commutation by the due date select the most appropriate event:

    • Commutation authority – commuted in full and go to step 17
    • Commutation authority – commuted in part or the maximum available release amount is nil and go to step 17 (Note: this is not due to a defined benefit income stream)
    • Commutation authority – deceased and go to Section E
    • Commutation authority – defined benefit and go to Section E

    Do not use this section to report a commutation requested by the member and the fund has not received a commutation authority.

    13 Pre-existing or new income stream events or a limited recourse borrowing arrangement (LRBA) repayment

    An income stream/ LBRA is considered to be in retirement phase when the member has met a condition of release.

    Select one of the following events and go to step 17:

    • Super income stream
    • Reversionary income stream
    • LRBA repayments
    • Child death benefit income stream
    • Child reversionary income stream

    14 Other transfer balance cap events

    An event occurs when:

    • a member has requested a lump sum to be withdrawn from retirement phase
    • a structured settlement contribution which was made on or after 1 July 2017, or
    • their income stream stopped being in the retirement phase at any time during the year.

    Select one of the following events and go to step 17

    • Member commutation,
    • Income stream stops being in retirement phase
    • Structured settlement - post 1 July 2017

    15 Total super balance

    Only complete this answer if you are reporting information for your member’s total super balance.

    Note: This question doesn't relate to the member's transfer balance cap.

    Select:

    • Accumulation phase value (APV) go to step 17 when:
      • You are reporting an APV to ensure we can correctly calculate your member's Total Super Balance
      • SMSFs only need to report a 30 June 2017 APV at question 15 in specific scenarios. If an APV is supplied, the SMSF annual return closing account balance will not be utilised for calculating the APV for TSB purposes.
      • APV reporting for 30 June 2017 is due by 8 September 2018.
       
    APV reporting instructions

    Each rule below applies independently to each member in an SMSF. Determine which of the following scenarios applies to each member:

    • Scenario one – member has accumulation phase interests only at 30 June 2017 in that SMSF      
      • APV is required when there is a difference between the APV and the closing account balance reported on the SMSF's annual return.
       
    • Scenario two – member has retirement phase interests only at 30 June 2017 with account-based pensions only and no flexi pensions in that SMSF      
      • APV is not required as SMSF closing account balance is equal to the TBA balance at 1 July 2017.
       
    • Scenario three – member has retirement phase interests only at 30 June 2017 with at least 1 non-account-based pension or account-based flexi pension in that SMSF      
      • APV is required for the member to ensure the SMSF annual return closing account balance is not consumed. APV value to be supplied is zero.
       
    • Scenario four – member has accumulation phase and retirement phase interests at 30 June 2017 with account-based pensions only and no flexi pensions in that SMSF      
      • In most instances an APV is not required to be reported
      • Only provide an APV when the difference between the APV and the closing account balance reported on the SMSF annual return is not limited to the value of the administration and exit fees and realisation costs if the member was to voluntarily cease the interest.
       
    • Scenario five – member has accumulation phase and retirement phase interests at 30 June 2017 with at least one non-account-based pension or account-based flexi pension in that SMSF      
      • APV is required for the member to ensure SMSF annual return closing account balance is not consumed.
       
    Retirement phase reporting instructions

    Only report your Retirement Phase value when:

    • You are not an SMSF and
    • Your member is in retirement phase and their account balance reported on the fund's annual return doesn't reflect the value of the amount should they be able to voluntary cease their interest after 30 June 2018.

    16 Concessional contributions- Withdrawn

    The obligation to report concessional contributions via the TBAR has now been removed. If it is reported it will not have an adverse impact on members.

    17 Effective date

    The effective date is usually the date the event occurred, enter the effective date and go to step 18

    Refer to the below table to help you determine the effective date.

    Effective dates for event types

    Event type

    Effective date

    Super income stream

     

    The starting date of the income stream. If the income stream started prior to 1 July 2017 then enter 30/06/2017.

    Child death benefit income stream

    The starting date of the income stream. If the income stream started prior to 1 July 2017 then enter 30/06/2017.

    Reversionary income stream

     

    If paid on or after 1 July 2016 – the date of the death of the original member.

    If paid prior to 1 July 2016 use super income stream or child death benefit income stream and the effective date will be 30/06/2017.

    Child reversionary income stream

    If paid on or after 1 July 2016 – the date of the death of the original member.

    If paid prior to 1 July 2016 use super income stream or child death benefit income stream and the effective date will be 30/06/2017.

    Member commutation

     

    When the income stream was commuted or stopped being in the retirement phase.

    Commutation authority commuted in full

    When the income stream was commuted in full or stopped being in the retirement phase.

    Commutation authority – commuted in part

    When the income stream was commuted in part or stopped being in the retirement phase.

    Income stream stops being in retirement phase

    When the income stream stopped being in the retirement phase.

    Limited recourse borrowing arrangement repayment

    The date the loan repayment was made.

    Structured settlement – post 1 July 2017

    The date the contribution was made

    Accumulation phase value

     

    The date the value of the interest is determined. 30 June of the relevant year.

    Retirement phase value

    The date the value of the interest is determined. 30 June of the relevant year. From 30 June 2018 only.

    18 Value

    Enter the relevant value in Australian dollars and cents to two decimal places. The value can only be a positive amount.

    Refer to the below table to help you determine the value you need to report.

    Values by account type

    Account type

    Value

    For account-based income streams that existed just before 1 July 2017

    The value of the super interest that supports the super income stream just before 1 July 2017.

    For account-based income streams that started on or after 1 July 2017

    The commencement value of the new super income stream on the commencement date. This includes the date an income stream that was previously not in retirement phase commenced in retirement phase.

    For capped defined benefit income streams that existed before 1 July 2017

    The special value of the super interest that supports the income stream just before 1 July 2017.

    For capped defined benefit income streams that started on or after 1 July 2017

    The special value of the super interest that supports the income stream on the commencement date.

    For limited recourse borrowing repayments

    The credit arising from the loan repayment.

    For full and partial commutations of an account-based super income stream

    The amount of the super lump sum.

    For full commutations of a capped defined benefit income stream

    The debit value, just before the super lump sum is paid, of the super interest that supports the capped defined benefit income stream.

    For partial commutations of a capped defined benefit income stream

    The debit value, multiplied by the following formula:

    1 − (special value just after commutation ÷ special value just before commutation).

    For a structured settlement contribution

    The value of the contribution made to a complying super fund when notifying the provider that it is to be excluded from the non-concessional contributions cap.

    For a super income stream that stops being in the retirement phase

    The value of the super interest at the relevant time.

    For accumulation phase 30 June value

    The value of the superannuation interest that would become payable if the individual voluntarily caused the interest to cease at that time. Generally, this is the withdrawal value of an accumulation fund.

    For retirement phase value from 30 June 2018

    The value of the superannuation interest that would become payable if the individual voluntarily caused the interest to cease at that time. Generally, this is the withdrawal value for an accumulation fund.

    See also:

    • LCR 2016/10 Superannuation reform: capped defined benefit income streams – non commutable, lifetime pensions and lifetime annuities
    • LCR 2017/1 Superannuation reform: capped defined benefit income streams – pensions or annuities paid from non-commutable, life expectancy or market-linked products
    • LCR 2016/12 Superannuation reform: total superannuation balance
    • LCR 2016/9 Superannuation reform: Transfer balance cap

    19 Response to a Commutation authority

    Only complete this if you are responding to a commutation authority issued by us and you have:

    • commuted in full or
    • commuted in part.

    Select Yes if the commutation was paid out of the super system.

    Select No if the commutation was retained in the super system.

    If unknown, leave blank.

    Section E: Member account details

    You don't need to complete this section if you are only reporting a structured settlement or a limited recourse borrowing arrangement repayment, go to Section G.

    20 Member account type

    You must report the account type if you have selected one of the following events at step 12, 13 or 14:

    • Retirement phase superannuation Income stream including death benefit (reversionary/non-reversionary).
    • Commutation authority partial or full.
    • Members commutation.
    • Income stream stops being in retirement phase.
    • Accumulation phase value.
    • Retirement phase value.

    Select the member account type:

    • Account-based income stream if the
      • income stream was not a capped defined benefit income stream or
      • market linked income streams commenced on or after 1 July 2017.
       
    • Capped defined benefit income stream just before 1 July 2017 if the income stream was a
      • lifetime pension SISR 1.06(2)
      • lifetime annuity SISR 1.05(2)
      • life expectancy pension SISR 1.06(7)
      • life expectancy annuity SISR 1.05(9)
      • any other equivalent types of income streams as specified in the law.
       
    • Market-linked capped defined benefit income stream just before 1 July 2017 if the income stream was
      • market-linked pension SISR 1.06(8)
      • market-linked annuity SISR 1.05(10)
      • market-linked pension RSAR 1.07(3A)
      • any other equivalent types of life income streams as specified in the law.
       
    • Capped defined benefit income stream on or after 1 July 2017 if the income stream was
      • lifetime pension SISR 1.06(2)
      • any other equivalent types of income streams as specified in the law.
       

    21 Is the account closed?

    Only report the account is closed if the member no longer has an interest in the income stream.

    22 Unique superannuation identifier (USI)

    Enter your member’s USI.

    The USI is attributed by the provider to the member’s account. The USI must be an identifier previously given by the provider to the ATO for the purposes of the Fund Validation Service (FVS) and regulation 3B.03 of SISR.

    If you don't have a USI, leave this blank.

    23 Member account number

    Enter your member’s account number.

    This is the account number allocated by a provider to identify a member's account in the fund.

    When the member is a member of an SMSF:

    • an account number needs to be provided for each of your member’s accounts. For example, if a member has two retirement phase income stream accounts as at 1 July 2017, a retirement phase income stream value will need to be reported for each account, and each account will need to be identified by a unique account number
    • the account number needs to be consistent for events in relation to a particular income stream – for example, if a member starts and then commutes an income stream, the same member account number needs to be reported to ensure we record the amounts correctly for the member.

    24 Member client identifier

    Enter your member’s client identifier.

    This is the number used by the fund to uniquely identify their member. It may be assigned by a provider to link all accounts the member holds within the organisation.

    When the member is a member of an SMSF, only one client member number should be provided for your member. This must be consistent in all reports you provide for that member.

    For example, if a member has two retirement phase income stream accounts as at 1 July 2017, you must complete two reports with the same member client number.

    If you don't have a member client identifier, leave this blank.

    Section F: Third party details

    Only complete this section if you have reported a child death benefit income stream or child reversionary income stream.

    The details of the deceased are required to calculate the child's transfer balance cap the first time they start to receive a superannuation income stream. The details are not required if you have already started the income stream and you have rolled over the interest.

    When the child has multiple events you must report each event on a separate report.

    25 TFN

    Complete this question with the deceased person's TFN. You don't not have to provide the deceased’s TFN to us; however, it will help us process the report quickly.

    26 Name

    Enter the deceased person's full name.

    27 Date of birth

    Enter the deceased person's date of birth.

    Section G: Declarations

    There are two declarations on this report – one for super providers and one for an agent or authorised officer. Complete the declaration that applies to you. Enter your full name, then sign and date the declaration.

    Superannuation provider declaration

    Complete this declaration if you are the provider shown in question 8.

    Agent or authorised officer declaration

    Complete this declaration if you are the authorised representative of the provider shown in question 6.

    Supporting information

    If you have problems lodging your report you can contact us by email at SuperConsultation@ato.gov.au

    See also:

    Last modified: 26 Sep 2018QC 53363