CRT Alert 009/2021

13 August 2021

Administrative arrangements for COVID-19 re-contribution amounts

Individuals can now re-contribute amounts they withdrew under the COVID-19 early release of super (ERS) program without them counting towards their non-concessional cap.
To help you administer this program, we have provided some information below.

Important information

¦ COVID-19 re-contribution amounts are not a new type of contribution , rather a personal contribution that receives a treatment to exclude it from an individual’s non-concessional contribution cap.

¦ The ATO will be applying the treatment to exclude eligible COVID-19 re-contributions from the non-concessional contribution cap calculation.

¦ Individuals can make COVID-19 re-contribution amounts to any fund of their choice where the fund rules allow.

¦ Each COVID-19 re-contribution amount must be detailed on a separate approved form and must not exceed $20,000 per approved form.

What do you need to do
Once you receive an approved form and COVID-19 re-contribution that you can accept subject to the specific rules of your fund, you need to:

¦ Report the COVID-19 re-contribution amounts to the ATO via MATS as a personal contribution (as is currently required).

¦ Periodically (monthly) provide the ATO information from the approved form.

– You will not be required to provide nil lodgment reports.

¦ We are working through the process for SMSFs and will advise that in due course.

What information do we need you to record and send to the ATO

The ATO requires you to capture the following information from the COVID-19 re-contribution approved form.

Field	Data Type	Field Length	Mandatory
Member's TFN	Integer	9	Y
Family Name	String	38	Y
First Given Name	String	38	Y
Other Given Names	String	38	N
Contributor's Date of Birth	String	8	Y
Member account number	String	16	Y
Unique Superannuation Identifier (USI)	String	16	Y
Date of Contribution	String	8	N
Contribution Amount	Decimal	5,2	Y
Declaration Signed	String	3	Y
Date of Declaration	String	8	Y

How do you send information from the form to the ATO

¦ The ATO is developing the functionality for you to use the Bulk Data Exchange facility via the Business Portal. 

¦ Until this is in place, we need to you record and hold this information.

¦ We will advise you when you can send it to us. 

The ATO expects to have the COVID-19 re-contribution approved form and information for individuals and funds available on ato.gov.au by the end of August.
If you have further enquiries on this matter, lodge a request using the  Super Enquiry Service .