SMSF Association Submission on the ATO’s Transfer Balance Cap & SMSF Event-Based Reporting Framework

The SMSF Association welcomes the opportunity to make a submission regarding the Australian Tax Office’s (ATO) Transfer Balance Cap and SMSF ‘Event-Based’ Reporting Position Paper. We endorse the ATO’s endeavour to allow for consultation and feedback in order to facilitate a practical approach to the implementation of the Transfer Balance Account Report (TBAR) across the superannuation industry.