Member contribution reporting requirements

Super providers that are:

  • accumulation funds must report total contributed amounts received, credited for or otherwise attributed to each member's account for a financial year
  • defined benefits funds must report the amount of the surchargeable contributions of the member for a financial year and any other amounts that may be reasonably regarded as attributable to the member under the scheme for the financial year.

We use the following information on the Superannuation member contributions statement when we calculate surcharge:

  • employer contributions reported as an employer contributed amount (accumulation or defined benefits)
  • the post 20 August 1996 component of an employer eligible termination payment rolled over on or after 1 July 1997
  • allocated surplus amount (any amount allocated from surplus to the member's account on or after 1 July 1997 that exceeds an amount considered reasonable by an eligible actuary).

Employer contributions include super guarantee shortfall amounts and superannuation holding account (SHA) special account amounts that have been transferred to the provider (except when these amounts represent a super co-contribution).

End of attention
    Last modified: 25 May 2015QC 18957