The declarations section of a TBAR require the entity lodging the report to obtain a declaration from the trustees, confirming that the tax agent is authorised to report the information provided.
Read the full article at SMSF Adviser.
ATO called on to change ‘grossly inefficient’ TBAR declarations
The ATO is being called on to replace the cumbersome declarations process for a TBAR (transfer balance account report), as it similarly has with Single Touch Payroll (STP) reporting.
