You must report transfer balance cap events quarterly. This means you must report the event affecting the member's transfer balance within 28 days after the end of the quarter in which the event occurs.

If a member exceeds their personal transfer balance cap, report the following events sooner:

• a voluntary member commutation of an income steam in response to an excess transfer balance (ETB) determination – report this within 10 business days after the end of the month in which the commutation occurs
• responses to commutation authorities which must be reported within 60 days of the date the commutation authority was issued.

You can also report events as they occur, as earlier reporting can:

• help manage transfer balance accounts and avoid exceeding personal transfer balance caps
• help ensure the ATO’s calculation of a member’s personal transfer balance cap is based on accurate information, particularly for events occurring in the income year prior to indexation
• avoid incorrect excess transfer balance determinations being issued.

For more information about how and when you need to report, see event-based reporting on the ATO) website.