Overview
The declaration serves two important purposes:
- It allows the SMSF trustees to give permission to a registered tax agent to lodge TBAR records on behalf of the fund to the ATO through the tax agent portal electronically
- It can also be used for record keeping purposes to capture the details of TBAR records lodged to the ATO
Prerequisites
- The fund is active
- There are available TBAR records for the selected fund(s)
How to generate the TBAR declaration
For a selected fund
Navigate to Fund Level > Reports > Run Report
For multiple funds
Navigate to Business Level > Reports > Report Package
This report doesn't need to be lodged to the ATO
Report Parameters
|
Field Name |
Field Description |
Editable Field |
Field Validations |
Example |
|
Output Format |
PDF or RTF/Word |
N/A |
Mandatory radio button |
|
|
Last Period Update End Date |
Shows when the last period update was run |
N/A |
Pre-filled text |
30/06/2017 |
|
Start Date |
Date at which the TBAR records should be captured |
Yes |
Mandatory date field |
01/07/2018 |
|
End Date |
Date at which the meeting is held. |
Yes |
Mandatory date field |
31/10/2018 |
|
Record Type |
A drop-down option that allows the following:
Any TBAR records which are Incomplete or Ignored are not included in the declaration |
Yes |
Mandatory drop-down menu
|
All Transactions |
|
Signature |
Option to choose a chairperson or all trustees to sign the declaration To learn about setting up a chairperson, refer to Fund structure |
N/A |
Mandatory radio button |
Chairperson |
Report Details
Fund Details
|
Field Name |
Field Description |
Example |
|
Name |
Name of the fund |
Smith Family Super Fund |
|
ABN |
ABN of the fund |
51111166667 |
Trustee Declarations
- I am authorised to make this declaration;
- I declare that the information provided in this statement is true and correct; and
- I authorise the agent to lodge the fund’s TBAR statement to the ATO.
|
Field Name |
Field Description |
Example |
|
Signature |
Signature of the Chairperson or All trustees to sign the declaration |
Adam Smith |
|
Date |
Date of signature in dd/mm/yyyy format |
08/08/2018 |
TBAR Event Details
TBAR events are grouped per member
|
Field Name |
Field Description |
Example |
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|
Period From |
Start date which the TBAR records are captured |
01/07/2016 |
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|
Period To |
End date which the TBAR records are captured |
30/06/2017 |
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|
Account Type |
It shows what type of pension or income is in existence on 30 June 2017 or new income streams which have commenced on or after 1 July 2017.
|
IS1 |
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|
Account Name |
This is the name of the pension account. |
John Smith ABP1 |
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|
Account Number |
The account number allocated by a provider (fund) to identify a member's account in the fund, in Class we refer it as Pension Account Identifier, it is usually a unique sequence number. |
1 |
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|
Event Type |
This indicates the transfer balance event that applies to the member.
|
Accumulation Phase Value |
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|
Event Date |
This is the effective date of the TBAR event to be provided in the format of dd/mm/yyyy |
30/06/2017 |
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|
Value |
This is the dollar value of the event rounded to nearest cents. Cancelled TBAR records will display as a negative value. |
1,600,000.00 |