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  • CRT Alert 049/2019

    Update to CRT Alert 045/2019 – Inactive low-balance accounts declaration template now available

    The Inactive low-balance account – Declaration template referred to in the CRT Alert issued on 20 September 2019, is available now.

    Instructions on how to lodge the Inactive low-balance account - Declaration templateExternal Link are below.

    Use the template to notify us your member has declared their account isn’t an inactive low-balance account. The member will then be excluded from Inactive low-balance reporting.

    The date the declaration is made will be the same date we receive the declaration. If we don’t receive the declaration by the scheduled statement date, you must report and pay those members inactive low-balance accounts to us.

    Instructions

    • Send declarations to us via secure message in the Business PortalExternal Link by doing the following:
      • Log onto the ATO Business Portal and under ’Mail’, select ’New message’
      • Select the ’Superannuation’ topic
      • Select ‘Inactive low-balance accounts – declaration’
      • Select ‘Next’
      • Select ‘Add’ under attachments to attach your form, check and then send.
       

    For more information on Protecting Your Super go to Let’s TalkExternal Link.

      Last modified: 01 Oct 2019QC 60218