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  • Purpose of the statement

    A statement of account (SOA) provides a summary of all activities on your account for a specified period. The SOA helps you manage your tax and super obligations and reconcile your account activities. It also assists you when preparing your tax return.

    Why we send an SOA

    The SOA relates to your super account as a whole, similar to a bank account, although it is not a running balance. Each role under your super account has a separate transactional history and balance.

    We may send a super SOA for any of the following reasons:

    • a direct payment has been made to you from one of the roles under the super account
    • an overpayment has been made direct to you from one of the roles within your account and we are requesting that you repay this amount
    • you have incurred a penalty
    • we have offset a credit to other current tax debts, debts which we previously put on hold, or debts you have with other government agencies
    • we have determined a super entitlement, such as co-contributions, low income super contribution (LISC) and from 1 July 2017 low income superannuation tax offset (LISTO) and it has not yet been distributed to a super fund on your behalf
    • we have received a super entitlement from a third party, such as an employer or super fund and it has not yet been distributed to a super fund on your behalf
    • we have received a request for an SOA.

    See also:

    How you receive an SOA

    If we issue an SOA in conjunction with a letter, we usually send them in the same envelope. You may receive a SOA without a letter at times throughout the year, especially if you have a debit balance on your account.

    If we send two or more items of correspondence for the same taxpayer to the same address on the same day, we aim to place all items into one envelope – this may include copies of client correspondence we send to your tax agent. However, consolidating correspondence into one envelope may be overridden by legislative requirements in certain circumstances.

      Last modified: 22 Jun 2021QC 42379