• Member contributions

    The member contributions statement (MCS) is an annual statement you lodge with us to report:

    • contributions you received for each member during the financial year
    • the balance and other attributes of the account they held in the fund.

    On this page:

    See also:

    What to include

    You need to report for everyone who was a member at some time during the financial year. This includes members who received no contributions during the year and those who have rolled over their benefits or exited the fund before the end of the financial year.

    If you rollover all or part of the member's super interest to another fund during the year, you still lodge an MCS for that member and report all contributions received prior to the rollover.

    When to lodge

    You must lodge the MCS on or before 31 October following the end of the financial year for which you're reporting.

    How to lodge

    Electronic lodgment

    You can lodge your MCS electronically as a file transfer through the Business Portal:

    Business Portal – lodge MCS

    You must lodge electronically if you’re reporting for 20 or more members. If you're reporting for fewer than 20 members, electronic reporting is optional.

    The format of your MCS file must meet the current MCS electronic reporting specificationExternal Link. You’ll receive an online receipt when the report is lodged.

    See also:

    Paper lodgment

    You can only lodge a paper form if you’re reporting for:

    In each case you can still lodge electronically.

    Lodging through a supplier or agent

    If a supplier (agent) lodges the MCS on your behalf, you must make a written declaration that:

    • you have authorised the supplier to give the MCS to us
    • the information you gave to the supplier to prepare the document is true and correct.

    Give the declaration to the supplier and keep a copy for five years. You must show us this declaration if we ask to see it.

    If the report is lodged:

    • electronically – you can make your declaration using the Supplier lodgment declaration
    • on paper – the declaration is included as part of the form.

    See also:

    How we use the MCS

    We use the MCS to:

    • display information online to help members understand, manage and consolidate their super accounts
    • calculate the super co-contribution, low income super contribution and low income superannuation tax offset for eligible members, and pay entitlements to the appropriate destination
    • calculate each member’s concessional and non-concessional contributions and assess and administer excess contributions tax and the 'Fairer taxation of excess concessional contributions' measure
    • assess the member’s liability to Division 293 tax
    • check employer compliance with the super guarantee
    • identify amounts to be collected for former temporary residents.

    Amendments

    If you discover any material errors or omissions in the information you reported in your MCS, you must lodge an amended MCS within 30 days of becoming aware of these errors.

    You should not amend an MCS merely because a member wants to change the amount or character of the contributions they made during the year to avoid an excess contributions tax liability.

    Penalties

    Penalties may apply if you:

    • don't lodge the MCS on time
    • don't report for all your members and former members who held an interest in the fund at any time during the year
    • provide incorrect information.

    The amount of penalty depends on your fund's assessable income and how late the lodgment was.

    See also:

    Last modified: 16 Jan 2017QC 24729