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Your reporting obligations

You must report contributions accurately after a rollover.

Last updated 18 August 2021

You should read the guidance and instructions below before you refer to the examples.

Penalties may apply if you make a false and misleading statement in an SMSF annual return, RBS, or DBRS by reporting your member's contributions inaccurately to another fund or to us.

You must report contributions made to your SMSF during a financial year for each member. This will allow us to calculate and pay super co-contributions for them (if eligible) and assess excess contributions tax.

You should report contributions directly to us in your Self-managed superannuation fund annual return (SAR). Unless there is a rollover, you should report these contributions after the end of the financial year.

When you roll over all or a part of a member's balance to another super fund, you must provide an RBS or a DBRS, depending upon the rollover benefit type, to the receiving fund. You will have met your requirement to provide the RBS or DBRS to the receiving super provider by sending the information electronically under the Superannuation Data and Payment Standards 2012 (the SuperStream Standard).

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