SMSF QUIZ

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.

ase Value reporting for 30 June 2017 is due by?