DEFINITIONS Term Description For the purposes of this document, a member is: Member a member of a superannuation fund member of a life insurance company a depositor in an approved deposit fund (ADF), or a holder of a retirement savings account (RSA). Intermediary This is the organisation (as authorised by the provider) that gives the statement on behalf of the providers being reported for. An intermediary may be a superannuation administrator, tax agent, accountant, employee of the provider, or any other properly authorised legal entity. It may also be the provider itself lodging on its own behalf (for example, a super fund or its corporate trustee or a life insurance company). The intermediary is the organisation who lodges the Transfer Balance Account Report (TBAR) with the Australian Taxation Office (ATO). The obligation to report is imposed by the legislation upon a superannuation Provider provider that is: for a super fund, the trustee of the fund for an ADF, the trustee of the fund, or for an RSA, the RSA provider. For a Life Insurance Company, the directors However, as is the convention in ATO forms, the term provider is used in this document to refer to the particular super fund, ADF, RSA or Life insurance company that details are being reported for, rather than to the trustee or RSA provider with the obligation to report them. A superannuation fund includes all public sector schemes, regardless of whether they are administered by Australian Prudential Regulation Authority (APRA), and regardless of whether they are constitutionally protected. Some super funds have registered a name with the ATO that includes a reference to the fund's trustee (for example, 'Trustee for XYZ Super Fund') and it is this registered name that should be reported as the name of the provider.
DEFINITIONS Term Description Member For the purposes of this document, a member is: a member of a superannuation fund member of a life insurance company a depositor in an approved deposit fund (ADF), or a holder of a retirement savings account (RSA). Intermediary This is the organisation (as authorised by the provider) that gives the statement on behalf of the providers being reported for. An intermediary may be a superannuation administrator, tax agent, accountant, employee of the provider, or any other properly authorised legal entity. It may also be the provider itself lodging on its own behalf (for example, a super fund or its corporate trustee or a life insurance company). The intermediary is the organisation who lodges the Transfer Balance Account Report (TBAR) with the Australian Taxation Office (ATO). Provider The obligation to report is imposed by the legislation upon a superannuation provider that is: for a super fund, the trustee of the fund for an ADF, the trustee of the fund, or for an RSA, the RSA provider. For a Life Insurance Company, the directors However, as is the convention in ATO forms, the term provider is used in this document to refer to the particular super fund, ADF, RSA or Life insurance company that details are being reported for, rather than to the trustee or RSA provider with the obligation to report them. A superannuation fund includes all public sector schemes, regardless of whether they are administered by Australian Prudential Regulation Authority (APRA), and regardless of whether they are constitutionally protected. Some super funds have registered a name with the ATO that includes a reference to the fund's trustee (for example, 'Trustee for XYZ Super Fund') and it is this registered name that should be reported as the name of the provider.
Transfer_balance_account_report_specification_v1.0.3_tracked.docx