Transfer Balance Account Report (TBAR) specification v1.0.2

Original Published Date
Tax Category
Resource Type

The electronic reporting specification version (1.0.2) of the Transfer Balance Account Report (TBAR) has been released as Final.

In the May 2016 Budget it was announced that from 1 July 2017 the total amount of super that can be transferred into tax free retirement phase accounts will be capped at $1.6 million. Tax free capped defined benefit income (CDB income) will be capped at $100,000. The legislative changes have received royal assent.

This reporting method will be available for all superannuation providers however; a population of users are expected to transition to the Member Account Transaction Service (MATS) and Member Account Attributes Service (MAAS).

Key changes

  • Changes have not been tracked where sentences have been restructured and the intent/information has not changed
  • Updated introduction for APV, RPV and NTC reporting obligations.
  • Section 9 Algorithms section has been updated

Member data record

  • Updated definition Value (6.36)
  • Added APV, RPV and MCO codes to alert box for definition Value (6.36)

From 14th December 2017 reporters can report a nil MCO amount.

For a full list of changes between version 1.0.1 and version 1.0.2, refer to the specification on page I.