If your fund is merging or winding up
If your fund is merging or winding up, you need to report any lost members to us on your final LMS. This may include reporting as a fund that is transferring a member and as a fund that is receiving a member.
If the member has not been reported as lost at the time of being transferred to the receiving fund, the responsibility for reporting the lost member falls to the receiving fund. So it's important that the transferring fund tells the receiving fund that the member is considered lost and the reason why – that they are either uncontactable (L) or inactive (I).
If the member being transferred has been reported as lost at the time of being transferred to the receiving fund, then the fund transferring the member must report them as transferred (T). The receiving fund must report them as lost and the reason why. This will ensure that the member is only recorded once as lost on the LMR.
If you are transferring a newly 'found' member that you previously reported as lost, you must report the member as found (F) in your LMS. The receiving fund does not need to report in relation to the member.
These actions will ensure the member account status on the LMR is correct, reducing unnecessary enquiries to super fund call centres.
For more information, email us at SuperCRT@ato.gov.au.
If your fund is merging or winding up, you need to report any lost members to us on your final lost members statement.