This field must be equal to or greater than the sum of the following fields: Employer contributed amount, Personal contributed amount, CGT cap election amount for small business retirement exemption amount, CGT cap election amount for small business 15-year exemption amount, Personal injury election amount, Spouse and child contributions amount, Other family and friends contributions amount (‘other third party’), Directed termination payments (taxable component) amount up to 30 June 2012 when the transitional period ceased, Assessable foreign fund amount, Non-assessable foreign fund amount, Transferred from reserves amount assessable, – Transferred from reserves amount non-assessable, – Contributions made to a previously non-complying fund, Defined benefit contributions (MCS lodgments for 2013 and subsequent financial years). This field is mandatory for MCS lodgments for 2008 and subsequent financial years. If the Financial year field in the Provider identity data record is less than 2008, this field must be zero filled. 6.120 Notional taxed contributions notional taxed contributions are to be reported – separately from employer contributed amounts. The notional taxed contributions amount for a defined benefit fund must be determined in accordance with the legislation (including Income Tax Assessment Regulations 1997 regulation 292-170.02 to 292-170.06). It will generally be equal to the notional taxed contributions as determined by the provider with advice from an actuary. However, a transitional provision, known as grandfathering, applies if the member held their defined benefit account on 5 September 2006 and certain other conditions are satisfied. Under the transitional arrangement if the notional taxed contributions determined with advice from an actuary exceed the concessional contributions cap for the financial year, then the provider must report the amount of the member’s notional taxed contribution as being equal to the cap. Limit the amount reported at this field to the members concessional contributions cap if they are eligible for grandfathering. If there is a successor fund transfer and grandfathering applies to the members notional taxed contributions in both funds, contact the Super Client Relationship Team by email This field is mandatory for MCS lodgments for 2013 and subsequent financial years. If the Financial year field in the Provider identity data record is less than 2013, this field must be zero filled.
This field must be equal to or greater than the sum of the following fields: Employer contributed amount, Personal contributed amount, CGT cap election amount for small business retirement exemption amount, CGT cap election amount for small business 15-year exemption amount, Personal injury election amount, Spouse and child contributions amount, Other family and friends contributions amount (‘other third party’), Directed termination payments (taxable component) amount up to 30 June 2012 when the transitional period ceased, Assessable foreign fund amount, Non-assessable foreign fund amount, Transferred from reserves amount – assessable, Transferred from reserves amount – non-assessable, Contributions made to a previously non-complying fund, Defined benefit contributions (MCS lodgments for 2013 and subsequent financial years). This field is mandatory for MCS lodgments for 2008 and subsequent financial years. If the Financial year field in the Provider identity data record is less than 2008, this field must be zero filled. 6.120 Notional taxed contributions – notional taxed contributions are to be reported separately from employer contributed amounts. The notional taxed contributions amount for a defined benefit fund must be determined in accordance with the legislation (including Income Tax Assessment Regulations 1997 regulation 292-170.02 to 292-170.06). It will generally be equal to the notional taxed contributions as determined by the provider with advice from an actuary. However, a transitional provision, known as grandfathering, applies if the member held their defined benefit account on 5 September 2006 and certain other conditions are satisfied. Under the transitional arrangement if the notional taxed contributions determined with advice from an actuary exceed the concessional contributions cap for the financial year, then the provider must report the amount of the member’s notional taxed contribution as being equal to the cap. Limit the amount reported at this field to the members concessional contributions cap if they are eligible for grandfathering. If there is a successor fund transfer and grandfathering applies to the members notional taxed contributions in both funds, contact the Super Client Relationship Team by email This field is mandatory for MCS lodgments for 2013 and subsequent financial years. If the Financial year field in the Provider identity data record is less than 2013, this field must be zero filled.