Transfer Account Balance Reporting (TBAR) | June 2018

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Transfer Balance Account Reporting (TBAR)

June 2018

Reporting requirements commence for all SMSFs from 1 July 2018, where an event that affects their members' transfer balance occurs. We have prepared a detailed Insight Paper on Transfer Balance Account Reporting (TBAR) to assist in your understanding of these new reporting requirements as part of your SMSF trustee responsibilities.

This paper details

  • What is required to be reported
  • What is not required to be reported
  • Reporting frequency - annual versus quarterly
  • When you can report earlier - voluntary or compulsory reports.

We recommend that you gain the advice of an SMSF Specialist in regards to these new reporting requirements to ensure your fund remains compliant. To find your nearest SMSF Specialist, use our Find a Specialist function.

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