The Member Account Transaction Service (MATS) Business Implementation Guide (BIG)External Link provides information to assist software developers in understanding the business context surrounding MATS interactions, through the Standard Business Reporting platform.
The MATS BIG v2.0 has been updated to reflect the changes in law to the application of the transfer balance cap provisions for capped defined benefit income streams subject to a Successor Fund Transfer (SFT).
The changes are limited to the following:
- New definitions in the glossary section for debit value and special value
- Retirement Phase Events section 5.14
- what is a debit or credit amount against the transfer balance account
- enhanced detail around the value to be reported for commutations of a capped defined benefit income stream
- new instructions for values to be reported as a result of a successor fund transfer
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