Document ID: chunk:federal_register_of_legislation:F2015L00827:body:0:p5
Version: federal_register_of_legislation:F2015L00827
Segment Type: other
Provision Reference: 
Character Range: 11401–14566

a single set of data from an employer sponsor covering Superannuation Guarantee payments for ten employees with accumulation interests, including salary sacrifice contributions in respect of three of those employees and a payment in respect of a defined benefit pool in which five employees have an interest. Report in item 1, 11 contribution transactions from active employers.

Contribution transaction  Represents an instance of a contribution in respect of a single member or an instance of a contribution in respect of a defined benefit pool in which a group of members has an interest.

Active employer           Represents an employer who has made at least one contribution transaction that is an employer contribution or personal contribution.

Channel A                 Represents fully SuperStream compliant messaging that conforms to the Superannuation Data and Payment Standards 2012 issued by the Australian Taxation Office.

Channel B                 Represents electronic messaging that conforms to the requirements of paragraph 4.2 of the Superannuation Data and Payment Standards 2012 issued by the Australian Taxation Office.

Non-conforming Channel    Represents channels that do not conform to the Superannuation Data and Payment Standards 2012 issued by the Australian Taxation Office. Funds must maintain the capability to receive contributions via non-conforming channels during the transition-in period to 30 June 2017.

Employer contribution     Represents contributions made by an employer for the benefit of the member. Includes: employer contributions made to an accumulation account on behalf of members to meet super guarantee, award or other obligations, contributions paid as a result of a salary sacrifice arrangement, transfers from consolidated revenue funds for EPSSSs and constitutionally protected funds, and super guarantee charge and the taxable component of any super holding accounts special account amounts which the ATO transferred to the provider on behalf of the member. Also includes contributions made by an employer to a defined benefit pool within the fund. Reference: Member Contributions Statement.

Personal contribution     Represents contributions made by a member as defined in the Member Contribution Statement. Includes: contributions which have counted toward the non-concessional and concessional contributions cap, non excluded capital gains or capital proceeds and personal injury payments, direct termination payments and contributions from another entity on the members behalf, CGT personal injury exclusions, DTPs (made by a member to an account in their own name including both deducted and non-deducted member contributions).

Item 2  Report the total cost of processing contribution transactions from active employers in item 1. The cost must include relevant costs incurred by third parties such as administrators and gateways contracted directly or indirectly by the RSE licensee to provide services in relation to processing contributions.

Interpretation

For the purposes of these instructions:

     * capital gains tax (CGT) means tax payable on the capital gain made on the disposal