QUIZ - Transfer Balance Account Reporting.

1. It is a limit that will apply to the total amount of superannuation that can be transferred into
a superannuation income stream or pension product (a 'retirement phase account').- APV
2. It is the total amount of super benefits that would be payable if you had voluntarily ceased a
super interest at the time of calculation. - APV
3. It is the value of your super interest at a given date. - TSB
4. Assuming you have a $ 1.8m total superannuation balance at the end of 30 June 2017, your
non-concessional contributions cap for the year 2017-2018 is __________?
5. From 1 July 2018, all SMSFs must report events that affect their members' transfer balances.
Where all members of the SMSF have a total superannuation balance of less than $1 million,
the SMSF can report this information on?
6. Bill has a total superannuation balance of $1.2m as at 30 June 2017, a pre-existing income
stream valued at $1.2m and no other super interests. Bill's SMSF needs to report the pre-
existing income stream on or before?
7. Assuming Geoven has a total superannuation balance of $900,000 as at 30 June 2017, a pre-
existing income stream valued at $900,000 and no other super interests. Bill's SMSF needs to
report the pre-existing income stream on or before?
8. Tam and Cho are the only two members of their SMSF. They have no other super interests.
On 30 June 2017, Tam's total superannuation balance is $800,000 and Cho's is $550,000. The
SMSF's reporting obligation is?
9. On 4 February 2018, Tam starts an income stream valued at $700,00.The commencement of
Tam’s income stream would need to be reported to ATO on?
10. Please indicate if the following events are reportable or not.
1. The commencement of a new superannuation income stream
2. The cessation of a superannuation income stream
3. Death of a member
4. Pension Payment
5. Pension Commutation
6. Attaining the preservation age
7. When an income stream is closed because the interest has been exhausted.

11. On 30 June 2018, Mary has a total superannuation balance of $1.2 million.
On 20 September 2018, Mary starts an income stream valued at $1.2 million and has no other
super interests. Over time the value of the income stream decreases to $800,000. The SMSF is
required to report any events on?

12. On 3 March 2019, Mary commutes $100,000 from the income stream .The commutation
would need to be reported on?

13. Pablo, of Boston SMSF, has a total superannuation balance at 30 June 2018 of $500,000 and
starts an income stream valued at $500,000 on 29 December 2018.
Marky has a total superannuation balance at 30 June 2018 of $2 million, made up of $500,000
in Seagull SMSF and $1.5 million in an APRA super fund. All of Jimmy’s interests are in
accumulation phase. Boston SMSF must report the commencement of Pablos’s income stream
on?

14. Accumulation Phase Value reporting for 30 June 2017 is due by?