Document ID: chunk:federal_register_of_legislation:F2017L00729:body:0:p7
Version: federal_register_of_legislation:F2017L00729
Segment Type: other
Provision Reference: 
Character Range: 17691–20653

and taxed phase in item 3.3 column 1. Where a member has interests in the taxed phase (an accumulation interest) and in the tax-free phase (a pension interest) in a single account, report the value of members' benefits for the taxed phase in item 3.3.1 column 2 and the tax free phase in item 3.3.2 column 2.

Tax free phase  Represents where the members' benefits are no longer liable for income tax on earnings due to the members' benefits being identified as in the 'retirement phase'. Reference: ITAA, Division 294, Division 307.

Taxed phase     Represents where the members' benefits are liable for income tax on earnings due to the members' benefits being identified as in the 'accumulation phase'. Reference: ITAA, Division 294, Division 307.

Item 4                        Report the number of member accounts in column 1.

                              Report the value of members' benefits in column 2 as the sum of defined contribution members' benefits and defined benefit members' benefits. Do not include unallocated contributions in column 2.

                              Report the portion of member accounts with a TFN reported in item 4.1 that have a unique TFN in item 4.1.1.

                              Report member accounts without a TFN in item 4.2.

                              Example of a unique TFN: A member with a single TFN has 3 member accounts within an RSE, with a combined value of $10,000 of members' benefits. Report in item 4.1, 3 member accounts in column 1 and $10,000 in column 2; Report in item 4.1.1, 1 member account in column 1 and $10,000 in column 2.

Member account with a TFN     Represents a member account for which the RSE has the member's tax file number recorded to identify the member.

Unique TFN                    Represents each distinct tax file number recorded to identify a member, but which may be recorded multiple times across multiple member accounts.

Member account without a TFN  Represents a member account for which the RSE does not have a tax file number recorded to identify the member.

Detailed member account segmentation

Item 5 and item 6 collect member accounts and members' benefits based on certain member characteristics.

Member account segmentation by age, gender and members' benefit bracket

Item 5 collects member accounts and members' benefits by the categories of member age bracket, gender and members' benefit bracket.

Unit of measurement: report column 4 as a whole number; report column 5 as thousands of dollars.

Item 5                     Report information on all member accounts, including pension accounts, at item 5.

                           Report each combination of age bracket, gender and members' benefit bracket as a separate line. There is a maximum of 384 combinations possible.

                           For each combination of age bracket, gender and members' benefit bracket, report: age bracket in column 1, gender in column 2,