Show download pdf controls
  • CRT Alert 083/2017

    15 December 2017

    In this special CRT Alert:

    1. Unique Account Identifiers for ATO Reporting
    2. Tax treatment of capital gains made by a foreign trust
    3. Streamlining of the release authority process from 1 July 2018

    1. Unique account identifiers for ATO reporting

    After careful consideration and consultation with industry representatives we have decided to use a single member account identifier for the new event-based reporting services Member Account Attribute Service (MAAS) and Member Account Transaction Service (MATS).

    Previously, Member Contributions Statements (MCS) and Transfer Balance Account Reports (TBAR) have allowed two identifiers – member account number and member client identifier – to be used for member reporting.

    If you have historically relied on a combination of a member account number and member client identifier to separately report member accounts, this will require you to change your reporting process.

    We are working with industry partners to design a practical process before you start reporting through MAAS (available from April 2018). We'll communicate this with you in early 2018.

    Using different member account identifiers in the 2016–17 MCS and in TBAR may result in an inflated total super balance, which will appear on ATO Online for your members.

    If you currently use more than one member identifier, you'll need to use a single member account identifier for MAAS and MATS. If you've lodged or will lodge TBARs this year with member account identifiers different from those you reported on the member's 2016–17 MCS, you should contact us so we can help you assess any impacts and remediate problems where necessary.

    If you lodged the TBAR and the 2016–17 MCS with the same member account identifier, you don't need to do anything.

    Next step:

    • If you have reported member account identifiers on TBAR that are different from those on the 2016–17 MCS, email

    2. Tax treatment of capital gains made by a foreign trust

    We published tax determinations TD 2017/23 and TD 2017/24 on 13 December 2017. Both relate to the tax treatment of capital gains made by a foreign trust from assets that are not taxable Australian property.

    The determinations apply to income years commencing both before and after their date of issue. However, in relation to TD 2017/24, we won't be devoting compliance resources to enforce our view on the tax treatment of amounts attributable to these gains when distributed, or assessed, to Australian resident beneficiaries in income years before its date of issue.

    Your tax or legal professional should be able to provide advice on how these determinations will affect your foreign trust investments.

    Next step:

    3. Streamlining the release authority process

    You can now download a presentation slide deck with information about how we will streamline the release authority process from 1 July 2018.

    We would appreciate your feedback on the proposed changes – you can provide comments via Let’s Talk. We’ll also provide details soon about consultation sessions in early 2018.

    In the December 2017 Communique newsletter we announced plans to simplify the release authority process for you and your members.

    Next steps:

      Last modified: 18 Dec 2017QC 54110