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  • Due date for quarterly and annual TBARs

    The due date is coming up to report any transfer balance account events that occurred for members in your self-managed super fund (SMSF).

    Timeframe for lodging

    Reporting is done via the transfer balance account report (TBAR) and the timeframe for lodging depends on your SMSF's circumstances.

    Quarterly TBARs are due on 29 April 2019 if:

    • your SMSF has any member with a total super balance (TSB) greater than $1 million
    • any member had a transfer balance account event occur between 1 January and 31 March 2019.

    Annual TBARs are due at the same time as your SMSF annual return, which may be 15 May (your tax agent can inform you of your due date).

    You must lodge a TBAR(s) for the 2018–19 financial year if:

    • all members of your SMSF have a TSB less than $1 million
    • any member had a transfer balance account event occur in the 2018–19 financial year.

    You do not need to lodge a TBAR to report an accumulation phase value (APV) or a retirement phase value (RPV). If you need to report this information to us you should include this information on your annual return. This information does not affect your member's transfer balance account.

    Note: If no transfer balance account event occurred, you have nothing to report. Different reporting timeframes will apply if your member has exceeded their transfer balance cap.

    Reporting methods

    Tax agents now have access to online TBAR lodgment. Online lodgment offers a number of advantages including prefilling of details and inbuilt verification rules to reduce reporting errors and reverse workflow.

    Other reporting methods are also available for agents, trustees and administrators.

    Late lodgment

    We're taking an educative and supportive approach where routine quarterly or annual TBARs are lodged late. If you're in this situation and can’t lodge by the due date, but are working towards lodging as soon as possible, you don't have to seek a formal extension of time.

    Be aware that late lodgment may affect your member’s transfer balance account and cause reverse workflow.

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      Last modified: 16 Apr 2019QC 58549