Self-managed super funds (SMSF) may be required to lodge a transfer balance account (TBA) report by 28 July 2020 in the case of a TBA event.
A TBA report will need to be lodged with the ATO in the event that both of the following apply:
SMSFs will also need to complete this report when a member needs to correct information about a TBA event that they have previously reported to the ATO or are responding to a commutation authority.
According to the ATO, an event is classified as a TBA event if they result in credit or debit in a member’s transfer balance account. Such events include:
There are a number of ways you can lodge your TBA report with the ATO: