Constitutionally protected funds also need to lodge a Superannuation member exit statement for constitutionally protected funds (MES) when:
- a member receives a lump sum payment, or begins receiving a pension, or
- a member transfers their contributions, or
- a payment to a non-member spouse occurs due to marriage breakdown, or
- a benefit is paid when a member dies.
The constitutionally protected fund needs to notify us by the 14th day of the month after the month of payment.
The fund must report the employer-financed component amount. This amount is calculated on the employer-financed portion of that part of the benefit payable to the member (including amounts rolled over to another provider) that accrued after 20 August 1996 and before 1 July 2005.
We need this information to calculate the member's final liability.
See also:
- Superannuation member contributions statement
- Superannuation assessment variation advice statement