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  • CRT Alert 080/2018

     23 October 2018

    Downsizer contribution – ATO Online Portal is now available

    The ATO Online Portal is now available to be used by funds who have not built the Downsizer transaction type into their MATS reporting.

    Funds using the ATO Online Business Portal will generally:

    • accept a downsizer contribution and record it as a personal contribution in their registry system by allocating it to the members account
    • report the personal contribution within 10 days of receipt through MATS SBR
    • log on to the ATO Business Portal using AUSKEY authorisation
    • then complete the steps below:
      • Step 1: cancel or adjust the personal contribution transaction
      • Step 2: report the amount at the proceeds from primary residence disposal label.
       

    See also:

      Last modified: 23 Oct 2018QC 57173