Overview
If a TBAR file is attempting to be lodged on the Tax Agent Portal for a fund which has a member of either of the following account types:
- Accumulation
- TRIS (Accumulation)
And the event being lodged for the member is any of the following event types:
- SIS
- IRS
- ICB
- ICR
- MCO
- CC1
- CC2
- CC3
- CC4
- STO
- RPV
Then the Tax Agent Portal will display a VR 499 TBAR Validation Error.
Solution
As a member is in accumulation/TRIS phase can not lodge any of the above event types, the TBAR file will need to be re-prepared ensuring that the event has been recorded against the correct member.