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  • Annual Balance Reporting Reminders

    Funds have an obligation to report the 30 June 2021 account balance amount and any applicable phase values, notional taxed contributions and defined benefit contributions, on or before 31 October 2021 via the member account transaction service (MATS).

    When reporting annual amounts and balances for 30 June 2021, please ensure:

    • member account information has been reported through the member account attribute service (MAAS)
    • the Australian business number (ABN), unique superannuation identifier (USI) and member account identifier reported in the MATS is identical to those reported through MAAS for the member account
    • when reporting other amounts and there is no account balance to report, that a zero value is reported in the mandatory account balance field.

    Making amendments to reporting

    Funds are required to correct a 30 June 2021 account balance within 30 days of becoming aware of an error or omission. This can be done by either:

    • cancelling the original transaction and submitting a new MATS form with the correct information
    • overwriting the amounts reported and lodging a MATS with the corrected figure using the same balance date. To avoid any adverse impacts on member calculations, the originally reported phase value amounts, notional taxed contributions or defined benefit contribution amount will need to be re-input, as they will default to ‘zero’.

    Refer to the MATS business implementation guide (BIG) for further assistance.

    What funds need to do

    Funds should ensure they have appropriate processes in place to meet their reporting obligations and take care to complete reporting accurately.

    If funds need assistance with re-reporting, they should lodge an enquiry using the Super Enquiry Service.

    See also

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      Last modified: 14 Oct 2021QC 67049