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SMSF acronyms | Accurium
During our webinars you might hear our presenters refer to some things in acronyms or you may have heard some in general SMSF discussions and be unsure what they are referring to.
The team at Accurium have put together an extensive list of the most popular SMSF acronyms. If you think some are missing feel free to email your suggestions to communciations@accurium.com.au
| Acronym | Meaning |
| ABA | Australian Bankers Association |
| ABN | Australian Business Number |
| ABP | Account Based Pension |
| AFS | Australian Financial Services |
| APRA | Australian Prudential Regulatory Authority |
| ASFA | Association of Superannuation Funds of Australia |
| ASIC | Australian Securities & Investments Commission |
| ASX | Australian Securities Exchange |
| ATE | Asset Test Exemption |
| ATO | Australian Taxation Office |
| AWOTE | Average Weekly Ordinary Time Earnings |
| BDBN | Binding Death Benefit Nominations |
| BRP | Business Real Property |
| CC | Concessional Contribution |
| CDBIS | Capped Defined Denefit Income Streams |
| CGT | Capital Gains Tax |
| COR | Condition of Release |
| CPI | Consumer Price Index |
| CSHC | Commonwealth Seniors Health Card |
| DAC | Daily Accommodation Contribution |
| DAPs | Daily Accommodation Payments |
| DB | Defined Benefit |
| DBP | Defined Benefit Pension |
| DBRS | Death Benefit Rollover Statement |
| DC | Defined Contribution |
| DCAS | Declining Capital Asset Schedule |
| DSFA | Disregarded Small Fund Assets |
| DSP | Disability Support Pension |
| DVA | Department of Veterans' Affairs |
| EAA | Extra Allowable Amount |
| EC | Entry Contribution |
| ECPI | Exempt Current Pension Income |
| ECT | Excess Contributions Tax |
| ELS | Electronic Lodgment System |
| EOFY | End of Financial Year |
| EPOA | Enduring Power of Attorney |
| ERF | Eligible Rollover Fund |
| ESS | Employee Share Schemes |
| ETB | Excess Transfer Balance |
| ETP | Employment Termination Payment |
| FBT | Fringe Benefits Tax |
| FEG | Fair Entitlements Guarantee |
| FPA | Financial Planning Association of Australia |
| FSG | Financial Services Guide |
| FSR | Financial Services Reform |
| FTB | Family Tax Benefit |
| GST | Goods and Services Tax |
| HISA | High Interest Savings Account |
| ICAA | Institute of Chartered Accountants in Australia |
| IFS | Industry Funds Services |
| IFSA | Investment and Financial Services Association |
| IMP | Income Maintenance Period |
| ITAA | Income Tax Assessment Act |
| JSP | JobSeeker Payments |
| LCR | Law Companion Ruling |
| LRBA | Limited Recourse Borrowing Arrangement |
| MAAS | Member Account Attribute Service |
| MAS | Maximum Accommodation Supplement |
| MLP | Market Linked Pension |
| MOU | Memorandum of Understanding |
| MPIR | Maximum Possible Interest Rate |
| MTA | Means Tested Amount |
| MTCF | Means Tested Care Free |
| NALE | Non-Arm's Length Expenditure |
| NALI | Non-Arm's Length Income |
| NANE | Non Assessable Non Exempt |
| NCC | Non-Concessional Contribution |
| NES | National Employment Standards |
| PASL | Professional Associations Superannuation Limited |
| PAYG | Pay As You Go |
| PCC | Pensioner Concession Card |
| PCG | Practical Compliance Guideline |
| PDIT | Provision for Deferred Income Tax |
| PDS | Product Disclosure Statement |
| POA | Power of Attorney |
| POD | Provision of Details |
| PPG | Prudential Practice Guides |
| PST | Pooled Superannuation Trust |
| PVA | Payment Variation Advice |
| RAC | Refundable Accommodation Contribution |
| RAD | Refundable Accommodation Deposit |
| RBS | Rollover Benefits Statement |
| RP | Related Party |
| RSA | Retirement Savings Account |
| RSE | Registrable Superannuation Entity |
| SAF | Small APRA Funds |
| SAR | Self-managed superannuation fund Annual Return |
| SDT | Special Disability Trust |
| SG | Superannuation Guarantee |
| SGAA | Superannuation Guarantee (Administration) Act 1992 |
| SGAR | Superannuation Guarantee (Administration) Regulations 1993 |
| SIS Act or SISA | Superannuation Industry (Supervision) Act 1993 |
| SISR | Superannuation Industry (Supervision) Regulations 1994 |
| SMSF | Self-Managed Superannuation Fund |
| SMSFD | SMSF Determination |
| SOA | Statement of Advice |
| SPAA | Self-Managed Super Fund Professionals' Association of Australia |
| SPG | Superannuation Prudential Practice Guide |
| SRC Act | Superannuation (Resolution Of Complains) Act 1993 |
| SWG | Superannuation Working Group |
| TAA | Taxation Adiministration Act 1953 |
| TAR | Taxation Administration Regulations 1976 |
| TAP | Term Allocated Pension |
| TBA | Transfer Balance Account |
| TBAR | Transfer Balance Account Report |
| TBC | Transfer Balance Cap |
| TC | Taxable Component |
| TD | Tax Determination |
| TFC | Tax-Free Component |
| TFN | Tax File Number |
| TPD | Total Permanent Disability |
| TR | Tax Ruling |
| TRIS | Transition to Retirement Income Stream |
| TSB | Total Superannuation Balance |
| USI | Unique Superfund Identifier |
| YA | Youth Allowance |
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Disclaimer
This information is provided by Accurium Pty Limited ABN 13 009 492 219 (Accurium). It is factual information only and is not intended to be financial product advice, legal advice or tax advice, and should not be relied upon as such. The information is general in nature and may omit detail that could be significant to your particular circumstances. The information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. While all care has been taken to ensure the information is correct at the time of publishing, superannuation and tax legislation can change from time to time and Accurium is not liable for any loss arising from reliance on this information, including reliance on information that is no longer current. We recommend that you seek appropriate professional advice before making any financial decisions.