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  • Your reporting obligations using ECI

    If you are still using ECI, we expect that you will meet your USM lodgment and payment obligations to us using the SuperStream data standards by 30 April 2018.

    If you are currently not using SuperStream, you may need to lodge a USM statement, or a non-lodgment advice or both.

    If you are using SuperStream, see Your reporting obligations using SuperStream.

    On this page:

    When to determine and report unclaimed super

    You must report to us about unclaimed super twice a year, on 31 October and 30 April.

    You determine your unclaimed super (including small or insoluble lost member accounts) as at the end of the unclaimed money day, and lodge your statement and make payment by the scheduled statement day.

    If your unclaimed money day is:

    • 30 June, your scheduled statement date is 31 October of the same year
    • 31 December, your scheduled statement date is 30 April of the following year.

    How to meet your reporting obligations

    You should determine if a member is lost before you consider whether their account needs to be reported to us as a small or insoluble lost member account. When lodging your lost members statement for the same period, ensure it reflects the correct status of accounts transferred to us – as reported on your USM statement.

    Lodging your USM statement helps you identify which members' accounts you're reporting and transferring to us. These accounts should be reported as transferred in your lost members statement. This makes sure that these members' accounts aren't displayed on ATO online services as both lost and unclaimed (ATO-held).

    Former temporary resident unclaimed super reported in response to a section 20C notice, must also be reported and paid by the scheduled statement day. However, if we give you the notice less than 28 days before the scheduled statement day, the due date will generally be the following scheduled statement day.

    You may need to lodge a USM statement, a non-lodgment advice (NLA), or both.

    You lodge a USM statement and pay by the scheduled statement day if any of the following apply:

    • You have received a section 20C notice for the super of a former temporary resident.
    • At the end of the unclaimed money day you have accounts with a balance greater than zero that are
      • unclaimed super of members aged 65 years or older, non-member spouses or deceased members
      • small lost member accounts or insoluble lost member accounts.
       

    You must submit a non-lodgment advice (NLA) template by the scheduled statement day if, at the end of the unclaimed money day, any of the following apply:

    • You don't have unclaimed super of members aged 65 years or older, non-member spouses or deceased members, or any of these accounts have nil or negative balances.
    • You don't have small or insoluble lost member accounts, or any of these accounts have nil or negative balances.

    If you have neither unclaimed super nor small or insoluble lost member accounts to report, you can submit one NLA for both.

    If you meet one of the criteria for lodging a USM statement and one of the criteria for submitting an NLA then you must lodge both.

    You don't have to submit an NLA if:

    • your fund is a regulated super fund with fewer than five members
    • your fund is a state or territory public sector super scheme that reports and pays, by law, unclaimed super to its relevant state or territory authority
    • you are only reporting that you have no former temporary resident members. If you receive a section 20C notice from us you must lodge a USM statement for the member, otherwise you have no reporting obligation for this category of USM.

    Penalties may apply if you:

    • don't lodge your USM statement or NLA correctly and/or pay any amount outstanding to us by the due date
    • provide statements that are false or misleading
    • fail to keep records or you keep records incorrectly.

    Prescribed state and territory public sector super schemes are permitted to transfer unclaimed super to us. If you're a state or territory government fund – contact your state or territory authority to confirm whether you can transfer unclaimed super to us.

    Find out about:

    Requesting a deferral

    To request a deferral for reporting USM or submitting an NLA:

    In your request include:

    • the super provider's name and ABN
    • the reason the deferral is needed
    • the date to which the deferral is needed
    • the number of members that will be affected and the category of unclaimed money
    • the sections of the Superannuation (Unclaimed Money and Lost Members) Act 1999 that relate to the deferral being requested.

    Your request will be reviewed and you will be notified of the outcome.

    Next steps:

    See also:

    Last modified: 19 Jan 2018QC 54401