software offers a range of automation tools for managing Transfer Balance Account Reporting (TBAR) events and their associated reporting status.
This feature is part of the 
Mclowd Pro Version.
To upgrade to the Mclowd Pro Version, log in to your Account and click the UPGRADE button in the top right corner.
By using the Mclowd™ TBAR functions, you can reliably track TBAR events and lodgements made by any of the authorised Intermediaries, ensuring that member balances are properly tracked and the ATO lodgements are completed in accordance with legal requirements.
As with any management system, Mclowd™ can only track assets listed in the Mclowd™ system.
If you have assets in multiple superannuation funds and/or with insurance companies, in trusts, etc. that may be counted under the TBAR legislation, Mclowd™ cannot ensure legislative compliance. You will need to manually add the values of relevant assets held outside the fund you are managing in Mclowd™ and use other methods to lodge notifications of events relating to assets held outside the fund you are managing in Mclowd. When lodging reports in Mclowd, you will need to manually calculate totals by adding relevant balances held in other entities and debits from or credits to accounts held in other entities.
