{"id":"F2018L00906","name":"Taxation Administration Member Account Transaction Service – the Reporting of Information Relating to Superannuation Account Transactions 2018","slug":"taxation-administration-member-account-transaction-service-the-reporting-of-information-relating-to-","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":97603,"registerId":"commonwealth-F2018L00906-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1. Name of instrument","sectionType":"part","heading":"1. Name of instrument","content":"## 1. Name of instrument\n\nThis determination is the Taxation Administration Member Account Transaction Service – the Reporting of Information Relating to Superannuation Account Transactions 2018.","sortOrder":0},{"sectionNumber":"2. Commencement","sectionType":"part","heading":"2. Commencement","content":"## 2. Commencement\n\nThis instrument commences on the day after it is registered on the Federal Register of Legislation and will apply from 1 July 2018.","sortOrder":1},{"sectionNumber":"3. Authority","sectionType":"part","heading":"3. Authority","content":"## 3. Authority\n\nThis determination is made under sections 390-5 and 390-20 of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953).","sortOrder":2},{"sectionNumber":"4. Application","sectionType":"part","heading":"4. Application","content":"## 4. Application\n\nThis instrument applies to every superannuation provider in relation to a superannuation plan (excluding a self managed superannuation fund) and every life insurance company that is required to lodge a Member Account Transaction Service (MATS) form.\n\nThe MATS form is the approved form for the giving of a statement to the Commissioner of Taxation (the Commissioner) under section 390-5 and section 390-20 of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953) in relation to a superannuation account transaction for an individual.\n\nThe MATS form is required to be lodged to report information relating to the following superannuation account transactions:\n\n1.  Employer contributions – no later than 10 business days after the day the contribution amount is allocated to the individual’s superannuation account, or such later date as the Commissioner may allow.\n2.  Non-employer transactions – no later than 10 business days after the day the transaction amount is allocated to the individual’s superannuation account, or such later date as the Commissioner may allow.\n3.  Retirement phase events – no later than 10 business days after the day the relevant reporting event occurs, or such later date as the Commissioner may allow.\n4.  Acknowledgements of valid notices of intent to claim a personal superannuation contribution deduction – no later than 10 business days after the day the notice of intent is acknowledged, or such later date as the Commissioner may allow.\n5.  Member contribution balance amounts – no later than 31 October following the end of the financial year to which the amount relates, or such later date as the Commissioner may allow.","sortOrder":3},{"sectionNumber":"5. Definitions","sectionType":"part","heading":"5. Definitions","content":"## 5. Definitions\n\n‘Superannuation provider’, ‘superannuation plan’ and ‘life insurance company’ take their meanings from the Income Tax Assessment Act 1997.\n\n‘Approved form’ takes its meaning from TAA 1953.","sortOrder":4}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"The instrument remains tightly focused on its original purpose: establishing reporting requirements for the Member Account Transaction Service. It prescribes exactly what was intended — the timing and content of MATS form submissions — without expansion into adjacent regulatory areas."},"complexity_factors":["Very short instrument (5 sections, approximately 400 words)","Only 5 defined terms, all referencing external legislation rather than creating new definitions","No nested exceptions or conditional logic — straightforward reporting obligations with simple timeframes","Single purpose: prescribing reporting requirements for one specific form (MATS)","No cross-references to other sections within the instrument itself","Clear, enumerated list of 5 transaction types with corresponding deadlines"],"plain_english_summary":"This law requires superannuation providers (excluding self-managed funds) and life insurers managing super accounts to lodge Member Account Transaction Service (MATS) reports to the ATO about employer contributions, other transactions, retirement-phase events, deduction notices and annual contribution balances.  \n\nMost transactions must be reported within 10 business days (annual balances by 31 October), so the ATO can monitor contributions, enforce caps, and correctly administer tax treatment of retirement savings."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"This instrument implements reporting obligations under the authority of sections 390‑5 and 390‑20 of the Taxation Administration Act 1953 by specifying who must report, the approved form (MATS) and lodgement deadlines. It prescribes procedural requirements and timing but does not itself expand or narrow the statutory classes of entities beyond those referenced in the enabling provisions and cross‑referenced Acts (ss2, 3, 4, 5)."},"complexity_factors":["Multiple transaction categories with different reporting triggers and deadlines (employer contributions, non‑employer transactions, retirement phase events, acknowledgements of notices of intent, year‑end balances) (s4).","Different timing rules tied to distinct events (e.g. ‘allocated to the account’, ‘reporting event occurs’, ‘acknowledged’) which require operational interpretation by providers (s4).","Commissioner discretion to allow later lodgement dates introduces case‑by‑case variability and potential compliance uncertainty (s4).","Requirement to use an ‘approved form’ and cross‑reference to other statutes for defined terms (TAA 1953; Income Tax Assessment Act 1997) creates dependency on external instruments and definitions (s4, s5).","Exclusion of self‑managed superannuation funds focuses scope but requires providers to determine applicability across varied fund types (s4).","Commencement and application timing (instrument commences day after registration; applies from 1 July 2018) — operational transition considerations for systems and processes (s2)."],"plain_english_summary":"This instrument requires superannuation providers (excluding self‑managed funds) and certain life insurers to lodge an approved Member Account Transaction Service (MATS) form with the Commissioner of Taxation reporting specified superannuation account transactions. It prescribes which transactions must be reported and sets deadlines for lodgement (generally within 10 business days or by 31 October), on the authority of sections 390‑5 and 390‑20 of the Taxation Administration Act 1953."}},"importantCases":[],"_links":{"self":"/api/acts/taxation-administration-member-account-transaction-service-the-reporting-of-information-relating-to-","history":"/api/acts/taxation-administration-member-account-transaction-service-the-reporting-of-information-relating-to-/history","analysis":"/api/acts/taxation-administration-member-account-transaction-service-the-reporting-of-information-relating-to-/analysis","conflicts":"/api/acts/taxation-administration-member-account-transaction-service-the-reporting-of-information-relating-to-/conflicts","importantCases":"/api/acts/taxation-administration-member-account-transaction-service-the-reporting-of-information-relating-to-/important-cases","documents":"/api/acts/taxation-administration-member-account-transaction-service-the-reporting-of-information-relating-to-/documents"}}