Tax Guide. Macquarie Investment Manager. Macquarie Wrap Smart administration solutions made simple. For the year ended 30 June 2008

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Tax Guide. Macquarie Investment Manager. Macquarie Wrap Smart administration solutions made simple. For the year ended 30 June 2008"

Transcription

1 Macquarie Investment Manager Macquarie Investment Manager Tax Guide For the year ended 30 June 2008 Macquarie Wrap Smart administration solutions made simple

2 Tax policies and general assumptions This Tax Guide provides information on the tax policies and assumptions used and what information Macquarie has relied upon to prepare the Tax Report Summary and the Tax Report Detailed in order to determine how amounts received should be treated for taxation purposes. It will help you in the preparation of your income tax return for the year ended 30 June Should more detailed information be required, the following links may be useful: Advisers refer to the Macquarie Wrap website Accountants Macquarie Investment Manager is an investor directed portfolio service operated by Macquarie Investment Management Limited ABN AFSL (MIML). Investments made through Macquarie Investment Manager are not deposits with or other liabilities of Macquarie Bank Limited ABN (the Bank) or of any Macquarie Group company, and are subject to investment risk, including possible delays in repayment and loss of income or principal invested. None of Macquarie Bank Limited, MIML or any other member company of the Macquarie Group guarantees the repayment of capital or the performance or any particular rate of return of the investments purchased through Macquarie Investment Manager. This document has been prepared as a general guide only. This is not personal advice. This Tax Guide has been prepared without taking into account your objectives, financial situation or needs. Therefore, before preparing an income tax return, you should consider the appropriateness and relevance of the Tax Guide, taking into account your specific circumstances. Macquarie recommends that the general assumptions and tax policies section are read thoroughly because in some instances the policies applied may not be applicable to your specific circumstances and if this is the case, particular amounts may need to be recalculated using other reports available. Macquarie strongly recommends that your income tax return is prepared in conjunction with advice from an accountant or tax adviser. This Tax Guide covers the tax policies and assumptions in which Macquarie has relied upon in preparing your Tax Report Summary and Tax Report Detailed but should not be relied upon as a substitute for professional taxation advice.

3 Tax Report Summary The Tax Report Summary provides you with a summary of your taxable position in respect of your account for the year ended 30 June It provides: Consolidated tax information required to complete your income tax return; References to ATO TaxPacks for individuals, trusts and self managed superannuation funds; and References to the Tax Report Detailed so that you can determine how amounts disclosed in the Tax Report Detailed are used to arrive at the amounts disclosed on the Tax Report Summary. Tax Report Detailed The Tax Report Detailed provides you with a detailed breakdown, on a distribution by distribution basis, of all income that you have derived for the income year 30 June It also contains information about any asset disposals and any expenses that have been incurred throughout the year. The Tax Report Detailed has the following sections: Cash (C); Managed funds & Listed trusts (T); Listed securities (S); Other income (O); Disposal of capital items (R); Excess assessable gains (X); Denied franking credits (DF); and Fees and expenses (F). The Tax Report Detailed will only show those sections of the Report that are relevant to your account. It will not disclose sections where your investments did not distribute assessable income during the year. The Tax Report Detailed will always disclose the Cash (C) and Fees (F) and Expenses sections. 1. Cash (C) Cash income reported includes distributions from the Cash Management Trust (CMT) and any interest refunds from margin loans. CMT interest income is included as assessable income on the date the income is declared. Any interest refunds on margin loans is included as assessable based upon the date of payment of the interest. Although the CMT is a managed investment, we have disclosed the CMT in the Cash (C) section. The Cash (C) section also discloses any tax file number (TFN) or non-resident with a holding tax that may have been deducted from your account. The amount of interest refunded in respect of your margin loan is the amount provided by your margin lender. Should this not reconcile to information you have received directly from your margin lender, please contact your margin lender directly. 2. Managed fund and Listed trust Income (T) Managed fund and Listed trust income reported may include distributions of: Interest; Dividends; Capital gains; Foreign income; Other income; Franking credits; Foreign tax credits; and Non-assessable amounts (such as tax deferred, tax free and return of capital amounts). Income from managed funds and listed trusts is included as assessable income on an accruals (present entitlement) basis. Any credits distributed through managed funds and listed trusts are disclosed separately under the applicable categories of credits. The Net Cash Distribution received has been grossed up to include TFN amounts withheld (if any) and non-resident withholding tax and income tax deducted (if any). Where you have received foreign income from a listed trust, any foreign tax credits distributed has been added to the cash amount of the foreign income received and disclosed as foreign modified passive income. The net cash distribution has also been grossed up for the amount of foreign tax withheld. Tax deferred, tax free and return of capital distribution amounts These components require adjustments to the cost base and/or reduced cost base (as relevant) of the asset. Any such adjustments have been made as at the accrual date of the distribution. 3. Listed securities income (S) Income from listed securities may include: Franked dividends; Franking credits; Unfranked dividends; Interest income; Foreign income; and/or Foreign tax credits. The Tax Report Summary and Tax Report Detailed includes income from listed securities as assessable when: Franked or unfranked dividends are paid or credited; Foreign income is paid or credited; and/or Interest income from convertible notes is declared. The Net Cash Distribution received has been grossed up to include TFN amounts withheld (if any) and non-resident withholding tax deducted (if any). Where you have received income from a foreign listed security, any foreign tax credits distributed have been added to the cash amount of the foreign income received and disclosed as foreign modified passive income. The net cash distribution has also been grossed up for the amount of foreign tax withheld. 4. Other income (O) Other income includes any gains or losses made on convertible notes and any product issuer rebates to which you may be entitled. Other income is included as assessable income when the amounts are paid. Convertible notes Interest bearing convertible notes are generally treated as traditional securities for income tax purposes. Broadly, this means that any profit or loss on the disposal, conversion or redemption of a traditional security is assessable or deductible under special provisions. These amounts appear in the Other Income (O) section of the Tax Report Detailed. 1

4 For securities issued on or after 14 May 2002, the treatment of conversions and exchanges has changed. In general terms, no assessable gain or deductible loss will arise upon conversion into ordinary shares. Rather, the taxing point will be deferred until the disposal of the ordinary shares that were acquired on conversion or exchange. The gain or loss on the ultimate disposal of the ordinary shares will be subject to the CGT provisions for the period before, as well as after, conversion or exchange. 5. Disposal of capital items (R) In calculating capital gains (or losses) for your account, Macquarie has made the following assumptions: You are an Australian resident for tax purposes; All investments held in your account have been acquired as capital assets; Only investments held within your account have been included in the Tax Report Summary and the Tax Report Detailed. The Tax Report Summary and Tax Report Detailed does not take into account assets which are held outside your account, or assets that have been included in the Portfolio Valuation Report as below the line assets, such as retail managed investments. The Tax Report Summary and Tax Report Detailed does not take into account any prior year losses or other carried forward balances. Macquarie has provided advisers, on your behalf, with the ability to make certain elections which will impact the manner in which your realised capital gains or losses are calculated. The three elections open to an adviser are: Specific parcel selection allows an adviser to select specific parcels to allocate against securities that have been disposed of during the 2008 tax year. Advisers do not have the ability to select parcels in relation to certain security types, such as instalment warrants, or under certain circumstances, for example some corporate actions; First In First Out (FIFO) calculates capital gains and losses such that the first parcel purchased has been deemed to be the first parcel sold; and Minimum Gain disposals will be allocated against the open parcel that will generate the lowest capital gain or maximum capital loss. Where no election has been made by your adviser, Macquarie uses the FIFO method to calculate realised capital gains or losses. For assets that have been transferred into the Service, the total purchase price, the acquisition dates and the number of shares or units are based on the information supplied to Macquarie at the time of the transfer. Types of capital gains There are three types of capital gains that you may derive. These are: 1. Discounted capital gains These occur when you have held or are deemed to have held an asset for at least 12 months. In this case, you are able to apply a discount that reduces the taxable amount of the capital gain. For individuals and trusts, the discount is 50%. For complying self managed superannuation funds, the discount is 33 ¹ ³ %. Companies are not entitled to any discount. The discount method only applies to assets sold on or after 21 September Indexed capital gains These occur when you have held an asset for at least 12 months and acquired prior to 21 September The indexation method allows the cost of the asset to be increased by an indexation factor that is based on the CPI movements up to September Where this method is chosen, the discount method cannot apply. 3. Other capital gains These occur when an asset has been held for less than 12 months, and are calculated by simply taking the proceeds from the sale and deducting the cost base of the asset. Note that you may only have a capital gain or loss in respect of an asset that was purchased after 20 September For any assets that you have transferred in to your account with an acquisition date prior to 20 September 1985, they will be treated as a pre-cgt asset and no gains or losses will be reported in respect of these assets. Taxable Australian Real Property (TARP) vs Non-Taxable Australian Real Property (Non-TARP) Gains TARP capital gains arise where: An investor has a more than 10% interest (direct or indirect) in an asset; and The total assets related to real property (by way of market value) are more than the total value of the assets not related to real property. Australian residents are assessed on both TARP and non-tarp capital gains they derive during an income year. Non-residents are only assessed and subject to non-resident income tax on TARP capital gains they derive during an income year. In addition, intermediaries (i.e. those entities which are residents for Australian tax purposes but have non-resident investors) may need to use TARP and non-tarp breakdowns to determine their own withholding tax obligations. Where you have disposed of an asset you hold in the Service, Macquarie has assumed that you do not hold a greater than 10% interest in that asset and as such has disclosed the resulting capital gain as a non-tarp capital gain. Where you have received a distribution of a capital gain, Macquarie has relied upon the product issuer statement for the classification of TARP and non-tarp capital gains. The amount disclosed on the Tax Report Summary reflects the disclosure provided by the Product Issuer. The Tax Report Detailed does not separately identify TARP and non- TARP capital gains. Instead, the amounts reported are the combined total of TARP and non-tarp gains distributed. Rollover relief for capital gains (and losses) Macquarie has adopted a consistent methodology for the treatment of gains (and losses) realised on securities eligible for scrip for scrip rollover relief and/or demerger rollover relief (as relevant) during the tax year. Where eligible for relief, Macquarie has elected to apply the relief to defer CGT consequences for investors in the securities affected. 2

5 Where ineligible to elect rollover relief, Macquarie has realised those shares and/or units and subsequently reacquired the same value of shares and/or units in the newly merged, acquired or demerged entity. Capital gains or losses reported on the Tax Report Summary and Tax Report Detailed have been included when the asset was disposed during the current tax year. 6. Excess assessable capital gains (X) These arise where the following has taken place: An asset has made payments of tax deferred and/or return of capital amounts; These non-assessable payments have reduced the cost base of the asset; and The cost base of the asset has been reduced to zero. Where this has occurred, any further distributions of non-assessable amounts will give rise to an immediate capital gain at the time the non-assessable distribution is paid or declared depending on the source of the payment. Where the asset is a unit in a managed fund or listed trust, this type of capital gain is known as an E4 capital gain. Alternatively, where the asset is a share, this type of capital gain is known as a G1 capital gain. Note you cannot make a loss as a result of a G1 or E4 event. Normal discounting rules and indexation may apply to reduce the amount of capital gain. Where the relevant conditions have been met, Macquarie has applied the discount method to reduce the amount of the capital gain. An E4 gain will be recognised on an accruals (present entitlement) basis. A G1 gain will be recognised on the date the non-assessable distribution is paid. 7. Denied franking credits (DF) Macquarie has applied the 45 Day Rule, being the most common of the franking credit anti-avoidance rules, to determine if any franking credits attributed to you within the Tax Report Summary and Tax Report Detailed have been denied. In disclosing the credit amounts that may have been denied under the 45 day rule, Macquarie has undertaken broad based calculations having regard to the assumptions as stated below and the limited information regarding your personal circumstances. In applying this rule, the following has been taken into consideration and/or assumed: No consideration has been given to positions that may reduce the overall exposure to an underlying security by more than 30% for a particular distribution or share buy-back; All assets are held at risk; There are no related payments; All buys and sells between the dividend declaration date and the ex-dividend date are cum dividend; and For preference shares, the 90 day rule has been applied taking into consideration all buy and sell transactions up to 15 August 2008 only. The amount of credits which have been denied have been disclosed in the Tax Report Summary and in the Denied Franking Credit (DF) section of the Tax Report Detailed. The amount of denied credits has been separately disclosed for listed securities and managed funds and listed trusts. 8. Fees and expenses (F) Included in expenses on the Tax Report Summary and Tax Report Detailed are: Government charges; Administration fees; Adviser fees; and Interest paid on margin loans. All fees reported on Tax Report Summary and Tax Report Detailed include Goods and Services Tax (GST) unless expressly stated otherwise. To the extent that you have claimed a credit for the GST reported on the expenses disclosed, the fees reported may need to be adjusted depending on your individual circumstances. Government charges and Administration fees Government charges and Administration fees have been classified as fully deductible. You may wish to seek independent taxation advice as to the deductibility of fees and charges. Adviser fees The tax treatment of Ongoing fees and Transaction fees is determined by the nature of the services provided by the adviser directly to you. Macquarie has provided advisers with the ability to elect how to treat these fees in the Tax Report Summary and Tax Report Detailed. Where your adviser has not advised Macquarie of the treatment of the Adviser fees or where your adviser has instructed Macquarie that the Adviser fees are unallocated, Macquarie has reported Adviser fees in the Unallocated column of the Tax Report Detailed. Macquarie has relied on your adviser s instructions and has not considered whether the treatment is correct. You may wish to seek independent taxation advice in relation to the treatment of these fees and discuss the appropriate treatment with you adviser. Establishment fees have been treated as non-deductible. Interest on margin loans Interest reported on the Tax Report Summary and Tax Report Detailed in respect of margin loans has been provided by the margin lender and may include prepaid interest (where applicable). Macquarie has assumed that the amount of interest on your margin loan is fully deductible. This may not be the case depending on your individual circumstances and Macquarie strongly recommends that you seek independent taxation advice as to the deductibility of interest on the margin loan. If you have changed your margin lender throughout the year, interest shown on your Tax Report Detailed and Tax Report Summary will only apply to the lender applicable to your account as at 30 June Please note that the amount of interest reported is the amount provided to Macquarie by your margin lender. Should this, together with any refunded interest amounts as disclosed in the Cash (C) section of your Tax Report Detailed, not reconcile to the information you have received from your margin lender, you should contact your margin lender directly. 9. Specific security treatments Pooled Development Funds (PDFs) Macquarie has elected to treat any franked dividends from PDFs as assessable and has reported any such income on 3

6 the Tax Report Summary and Tax Report Detailed. Any expenses incurred by you in relation to these dividends may be deductible. Listed Investment Companies (LICs) Where you are a resident and you receive a dividend from a LIC, to the extent that the dividend is franked, either fully or partially, then the franking credits attached to that franked dividend are also included in your assessable income. You may be entitled to a tax offset equal to the amount of the franking credits attached to the dividend received. Where the dividend received is unfranked, that amount is the only amount which is included in your assessable income. If you are a non-resident and receive a dividend, the withholding tax rules are applicable. The Tax Report Summary and Tax Report Detailed does not report the attributable part of a LIC distribution as not all LIC dividend statements disclose an attributable part of the dividend. Where, however, an attributable part has been disclosed by the product issuer, upon request, Macquarie is able to provide you with a copy of the relevant dividend statement where you had a holding in these securities at any time during the 2008 tax year and received a dividend. Macquarie will advise at the time of request whether or not this information is available. Instalment warrants The Tax Report Summary and Tax Report Detailed reports all income derived from the underlying asset associated with an instalment warrant in the respective Managed fund and Listed trust (T) section or the Listed securities (S) section. Capital gains and losses on the disposal of an instalment warrant are also reported in the Disposal of Capital Items (R) section. The Tax Report Summary and Tax Report Detailed does NOT report: The borrowing costs (deductible or non-deductible) associated with an instalment warrant The deductible interest on instalment warrants. A separate report (Instalment Warrant Cash Basis Report) reports on a cash basis the borrowing costs and interest for the year. The expense recognition rules associated with instalment warrants may differ between warrant issuers and may depend upon the type of taxpayer you are. You and your accountant should undertake independent calculations to determine which amounts (if any) of the expenses reported in the Instalment Warrant Cash Basis Report are deductible in the current financial year. Stapled securities Some listed securities are stapled to other listed securities, listed trusts, managed investments, property trusts or a combination thereof. Income from these may include both dividends and trust distributions in their returns to investors. Where this is the case, this income has been split and reported separately under each category. The timing of this income has been reported according to the rules for each category as outlined above. Where you have disposed of a stapled security throughout the year, Macquarie has reported a consolidated position in respect of the disposal. Foreign Investment Funds (FIFs) The Tax Report Summary and Tax Report Detailed does not report any unrealised income that may accrue in relation to FIF investments. If you have an investment in a FIF, Macquarie recommends that you seek independent taxation advice in relation to any specific FIF taxation treatment (as you may fit into one of the exemptions available). Conduit Foreign Income Any conduit foreign income that you have received from assets held within Service has been disclosed as Australian unfranked dividend income. 10. No Tax File Number (TFN) provided If you have chosen not to provide your TFN or have not notified Macquarie of an exemption by 30 June 2008, TFN withholding tax may be withheld by share registries for investments in ASX listed securities, and by Macquarie for managed investments. If an amount has been withheld, it is disclosed on the Tax Report Summary and Tax Report Detailed. This amount may be claimed as a credit in your income tax return. 11. Non-resident withholding tax If you are a non-resident, withholding tax may be deducted on certain income received from listed equities and unlisted managed funds. For listed equities, the share registry will deduct any nonresident withholding tax and remit these amounts to the ATO. The amount disclosed on the Tax Report Summary and Tax Report Detailed is the amount for which Macquarie has been notified of by the relevant share registry. For unlisted managed funds, Macquarie undertakes the following procedure: A flat 15% withholding tax is deducted on the cash amount of distributions received throughout the year. At the end of the year, once all income components of unlisted managed fund components are known, a reconciliation is performed comparing the amount that was deducted and the amount that should have been deducted. In performing the reconciliation, the correct rates of withholding tax are taken into account (Double Tax Agreement (DTA) rates for interest and unfranked distributions and 30% for TARP capital gains and Australian other income). Where too much tax has been deducted throughout the year, a credit is made to your CMT. Where not enough tax has been deducted, a debit equal to the amount of the tax shortfall is made from your CMT. 4

7

8 For further information regarding the assumptions and calculations used in this Tax Guide or your account in general, please speak to your adviser. How to contact Macquarie Macquarie Wrap Solutions PO Box N498 Grosvenor Place NSW BKL /08 6

Accountant s Tax Guide

Accountant s Tax Guide Accountant s Tax Guide For the year ended 30 June 2010 Macquarie Wrap Macquarie Adviser Services Tax policies and general assumptions The purpose of the Accountants Tax Guide (the Guide) is to provide

More information

Wrap Tax Guide Self Managed Super Fund Part 1

Wrap Tax Guide Self Managed Super Fund Part 1 Wrap Tax Guide Self Managed Super Fund Part 1 Wrap Tax Policy Guide For the year ended 30 June 2015 General Information Part 1 of the Wrap Tax Guide outlines the tax assumptions and policies Wrap Services

More information

You and your shares 2015

You and your shares 2015 Instructions for shareholders You and your shares 2015 For 1 July 2014 30 June 2015 Covers: n individuals who invest in shares or convertible notes n taxation of dividends from investments n allowable

More information

You and your shares 2013

You and your shares 2013 Instructions for shareholders You and your shares 2013 For 1 July 2012 30 June 2013 Covers: n individuals who invest in shares or convertible notes n taxation of dividends from investments n allowable

More information

GUIDE TO YOUR ANNUAL TAX STATEMENT July 2015

GUIDE TO YOUR ANNUAL TAX STATEMENT July 2015 Perpetual Investments GUIDE TO YOUR ANNUAL TAX STATEMENT July 2015 TO HELP YOU UNDERSTAND YOUR ANNUAL TAX STATEMENT AND COMPLETE YOUR TAX RETURN FOR THE 2014/2015 FINANCIAL YEAR HOW TO USE THIS GUIDE This

More information

Tax Guide 2006. A guide to completing your tax return for your ING DIRECT Managed Investments

Tax Guide 2006. A guide to completing your tax return for your ING DIRECT Managed Investments Tax Guide 2006 A guide to completing your tax return for your ING DIRECT Managed Investments Getting Started TAX GUIDE 2002 Guide to completing your tax return Important Information We have prepared this

More information

4.1 General 4.2 Draft taxation determination TD2004/D1

4.1 General 4.2 Draft taxation determination TD2004/D1 4.1 General The following comments: are a general guide to the Australian taxation implications of selling your Shares in the Buy-back; may not apply to you if you buy and sell Shares in the ordinary course

More information

ANZ OneAnswer. Investment Portfolio. Incorporated Material

ANZ OneAnswer. Investment Portfolio. Incorporated Material ANZ OneAnswer Investment Portfolio Incorporated Material 5 May 2008 How do I read this Incorporated Material? This Incorporated Material provides further information and/or specific terms and conditions

More information

2008 MCG Tax Statement Guide: Essential information to help you complete your 2008 Australian income tax return

2008 MCG Tax Statement Guide: Essential information to help you complete your 2008 Australian income tax return 2008 MCG Tax Statement Guide: Essential information to help you complete your 2008 Australian income tax return MACQUARIE COMMUNICATIONS INFRASTRUCTURE GROUP DISCLAIMER The information provided in this

More information

Investment Manager Further Information Booklet

Investment Manager Further Information Booklet Investment Manager Further Information Booklet Macquarie Wrap Document number MAQIM01.2 The information contained in this Further Information Booklet for Macquarie Investment Manager should be read in

More information

2009 MMG Tax Statement Guide: Essential information to help you complete your 2009 Australian income tax return

2009 MMG Tax Statement Guide: Essential information to help you complete your 2009 Australian income tax return 2009 MMG Tax Statement Guide: Essential information to help you complete your 2009 Australian income tax return MACQUARIE MEDIA GROUP Registered trademark of Macquarie Group Limited Disclaimer The information

More information

Global Value Fund Limited A.B.N. 90 168 653 521. Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015

Global Value Fund Limited A.B.N. 90 168 653 521. Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015 A.B.N. 90 168 653 521 Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015 Appendix 4E - Preliminary Financial Report For the year ended 30 June 2015 Preliminary Report This preliminary

More information

2012 DUET Annual Tax Statement Guide:

2012 DUET Annual Tax Statement Guide: 2012 DUET Annual Tax Statement Guide: Essential information to help you complete your 2012 Australian income tax return 2012 DUET Group Annual Tax Statement Guide 1 DISCLAIMER None of the entities noted

More information

Understanding tax Version 5.0

Understanding tax Version 5.0 Understanding tax Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to tax. This document has been published

More information

Invesco s guide to your tax statement

Invesco s guide to your tax statement Invesco s guide to your tax statement June 2016 This guide has been prepared by Invesco to assist you in completing your income tax return for the year ended 30 June 2016. This guide relates only to your

More information

Australian tax booklet for International (US-domiciled) ishares ETFs

Australian tax booklet for International (US-domiciled) ishares ETFs Australian tax booklet for International (US-domiciled) ishares ETFs 1. Introduction 1.1 The Australian Tax Booklet for International ishares Funds ( Booklet ) provides a general summary of the main Australian

More information

TAXATION STATEMENT GUIDE 2015

TAXATION STATEMENT GUIDE 2015 INFIGEN ENERGY TAXATION STATEMENT GUIDE 2015 Infigen Energy comprises the following: Infigen Energy Limited (ABN 39 105 051 616) Infigen Energy (Bermuda) Limited (ARBN 116 360 715) Infigen Energy Trust

More information

Understanding Tax Version 1.0 Preparation Date: 1st July 2013

Understanding Tax Version 1.0 Preparation Date: 1st July 2013 Understanding Tax Version 1.0 Preparation Date: 1st July 2013 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation

More information

Australian Ethical World Trust ARSN 123 618 520. Annual Financial Report for the year ended 30 June 2013

Australian Ethical World Trust ARSN 123 618 520. Annual Financial Report for the year ended 30 June 2013 ARSN 123 618 520 Annual Financial Report for the year ended 30 June 2013 (AEWT) Annual Financial Report for the year ended 30 June 2013 Contents Page Directors' Report 1 Statement of Profit or Loss and

More information

BetaShares Geared U.S. Equity Fund - Currency Hedged (hedge fund) ASX code: GGUS

BetaShares Geared U.S. Equity Fund - Currency Hedged (hedge fund) ASX code: GGUS BetaShares Geared U.S. Equity Fund - Currency Hedged (hedge fund) ASX code: GGUS ARSN 602 666 615 Annual Financial Report for the period 10 November 2014 to 30 June 2015 BetaShares Geared U.S. Equity Fund

More information

ANZ Online Investment Account

ANZ Online Investment Account ANZ Online Investment Account Product Disclosure Statement 30 MARCH 2012 Important information This Product Disclosure Statement (PDS) describes a convenient and simple way to invest in the performance

More information

Appendix 4D. 31 December 2011 Half Yearly Report

Appendix 4D. 31 December 2011 Half Yearly Report Appendix 4D 31 December 2011 Half Yearly Report CARLTON INVESTMENTS LIMITED ABN 000 020 262 1. Financial Reporting Period The current financial reporting period is for the half year to 31 December 2011

More information

represents 70 percent of the Federal Government

represents 70 percent of the Federal Government GENERAL TAX ISSUES Income tax represents approximately 70 percent of the total tax revenue of the Australian Federal Government Income tax represents approximately 70 percent of the total tax revenue of

More information

Tax Summary 2012 & 2013. Chapter 16: Investments. Your plain English guide to tax. This document is an edited extract from:

Tax Summary 2012 & 2013. Chapter 16: Investments. Your plain English guide to tax. This document is an edited extract from: 2012 & 2013 Tax Summary Your plain English guide to tax This document is an edited extract from: Chapter 16: Investments This book is copyright. Apart from fair dealing for the purposes of private study,

More information

TCS Financial Solutions Australia (Holdings) Pty Limited. ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015

TCS Financial Solutions Australia (Holdings) Pty Limited. ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015 TCS Financial Solutions Australia (Holdings) Pty Limited ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015 Contents Page Directors' report 3 Statement of profit or loss and other

More information

2015 YEAR END TAX & SUPERANNUATION PLANNING GUIDE

2015 YEAR END TAX & SUPERANNUATION PLANNING GUIDE 2015 YEAR END TAX & SUPERANNUATION PLANNING GUIDE We are pleased to provide our year end tax planning guide for 2015. Tax Planning should be done on a regular basis throughout the year. However, these

More information

SUPERANNUATION FUND RETURN PREPARATION CHECKLIST 2013

SUPERANNUATION FUND RETURN PREPARATION CHECKLIST 2013 SUPERANNUATION FUND RETURN PREPARATION CHECKLIST 2013 The following checklist for super funds, prepared by Moore Stephens on behalf of CPA Australia, should be completed in conjunction with the preparation

More information

Company tax return instructions 2014

Company tax return instructions 2014 Instructions for companies Company tax return instructions 2014 To help you complete the company tax return for 1 July 2013 30 June 2014 For more information visit ato.gov.au NAT 0669-06.2014 OUR COMMITMENT

More information

Company Tax Return Preparation Checklist 2010

Company Tax Return Preparation Checklist 2010 Company Tax Return Preparation Checklist 2010 The following income tax return checklist should be completed in conjunction with the preparation of tax reconciliation return workpapers. The checklist provides

More information

Company tax return 2015

Company tax return 2015 Company tax return 2015 Day Month Year Day Month Year to Or specify period if part year or approved substitute period tes to help you prepare this tax return are in the Company tax return instructions

More information

Product Disclosure Statement

Product Disclosure Statement 25 July 2014 Investment Account Powerwrap Investment Account (referred to in this PDS as the Scheme ) a registered Managed Investment Scheme under the Corporations Act 2001 (Cth) (ARSN 137 053 073). Responsible

More information

Company tax return instructions 2015

Company tax return instructions 2015 Instructions for companies Company tax return instructions 2015 To help you complete the company tax return for 1 July 2014 30 June 2015 For more information visit ato.gov.au NAT 0669-06.2015 OUR COMMITMENT

More information

Year-end tax planning toolkit. Year-ending 30 June 2014

Year-end tax planning toolkit. Year-ending 30 June 2014 Year-end tax planning toolkit Year-ending 30 June 2014 June 2014 The contents of this document are for general information only and do not consider your personal circumstances or situation. Furthermore,

More information

EMPLUS SUPERANNUATION FUND

EMPLUS SUPERANNUATION FUND EMPLUS SUPERANNUATION FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2013 (RSE No. R1067880) Statement of Financial Position as at 30 June 2013 Note 2013 2012 $ 000 $ 000 Assets Cash and cash equivalents

More information

ASPECTS OF FINANCIAL PLANNING. Taxation implications of overseas residency. July 2012

ASPECTS OF FINANCIAL PLANNING. Taxation implications of overseas residency. July 2012 ASPECTS OF FINANCIAL PLANNING Taxation implications of More and more of our clients are being given the opportunity to live and work overseas. Before you make the move, it is worthwhile considering the

More information

BMO Pyrford Global Absolute Return Fund ARSN 168 994 205

BMO Pyrford Global Absolute Return Fund ARSN 168 994 205 Reference Guide BMO Pyrford Global Absolute Return Fund ARSN 168 994 205 5 May 2014 Issued by Perpetual Trust Services Limited ABN 48 000 142 049, AFS Licence No 236648 Contact details If you have any

More information

n Print clearly, using a BLACK pen only. n Print X in ALL applicable boxes.

n Print clearly, using a BLACK pen only. n Print X in ALL applicable boxes. Self-managed superannuation fund annual return 2011 Who should complete this annual return? Only self-managed superannuation funds (SMSFs) can complete this annual return All other funds must complete

More information

Zurich Investments Equity Income Fund

Zurich Investments Equity Income Fund Zurich Investments Equity Income Fund APIR ZUR0538AU Product Disclosure Statement (PDS) Issue date 1 July 2015 Strategic investment partner: Denning Pryce Pty Ltd 1. About Zurich Investments Zurich Investment

More information

Cross Border Tax Issues

Cross Border Tax Issues Cross Border Tax Issues By Reinhold G. Krahn December 2000 This is a general overview of the subject matter and should not be relied upon as legal advice or opinion. For specific legal advice on the information

More information

Year-end Tax Planning Guide - 30 June 2013 BUSINESSES

Year-end Tax Planning Guide - 30 June 2013 BUSINESSES Year-end Tax Planning Guide - 30 The end of the financial year is fast approaching. In the lead up to 30 June, this newsletter covers some of the year-end tax planning matters for your consideration. BUSINESSES

More information

Provinces and territories also impose income taxes on individuals in addition to federal taxes

Provinces and territories also impose income taxes on individuals in addition to federal taxes Worldwide personal tax guide 2013 2014 Canada Local information Tax Authority Website Tax Year Tax Return due date Is joint filing possible Are tax return extensions possible Canada Revenue Agency (CRA)

More information

AMP CAPITAL BALANCED GROWTH FUND ARSN 089 594 623 DIRECTORS' REPORT AND FINANCIAL REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015

AMP CAPITAL BALANCED GROWTH FUND ARSN 089 594 623 DIRECTORS' REPORT AND FINANCIAL REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 ARSN 089 594 623 DIRECTORS' REPORT AND FINANCIAL REPORT AMP Capital Funds Management Limited 33 Alfred Street, Sydney, NSW 2000 ACN 159 557 721 TABLE OF CONTENTS Page Directors' Report 1-2 Auditor's Independence

More information

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Contents Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS 6 9 Cash and cash equivalents 7 9 PRESENTATION OF

More information

Australian Equities Index Fund

Australian Equities Index Fund Contents Page 1. About netwealth 2 2. How the Fund works 2 3. Benefits of investing in the Fund 4 4. Risks of managed investment schemes 4 5. How we invest your money 5 6. Fees and costs 6 7. How managed

More information

TAX ASPECTS OF MUTUAL FUND INVESTING

TAX ASPECTS OF MUTUAL FUND INVESTING Tax Guide for 2015 TAX ASPECTS OF MUTUAL FUND INVESTING INTRODUCTION I. Mutual Fund Distributions A. Distributions From All Mutual Funds 1. Net Investment Income and Short-Term Capital Gain Distributions

More information

ANZ Portfolio Manager ARSN 095 769 038. ANZ Portfolio Manager. ANZ Portfolio Manager Responsible Entity ANZ Managed Investments Limited

ANZ Portfolio Manager ARSN 095 769 038. ANZ Portfolio Manager. ANZ Portfolio Manager Responsible Entity ANZ Managed Investments Limited ANZ Portfolio Manager ANZ Portfolio Manager ARSN 095 769 038 ANZ Portfolio Manager Responsible Entity ANZ Managed Investments Limited ABN 61 004 392 269 Issue Number 7 This document was lodged on 10 February

More information

Zurich Investments Global Growth Share Fund APIR ZUR0580AU

Zurich Investments Global Growth Share Fund APIR ZUR0580AU Zurich Investments Global Growth Share Fund APIR ZUR0580AU Product Disclosure Statement (PDS) Preparation date 22 June 2012 Strategic investment partner: American Century Investments 1. About Zurich Investments

More information

SMSF Solutions for Advisers & Accountants.

SMSF Solutions for Advisers & Accountants. SMSF Solutions for Advisers & Accountants. 1 November 2015 www.multiport.com.au Multiport Pty Ltd ABN 76 097 695 988 AFS LICENCE NO: 291195 Contents Taking the hassle out of SMSF administration and compliance

More information

BEYOND THE BASICS OF TRADE TAX TOOLS

BEYOND THE BASICS OF TRADE TAX TOOLS BEYOND THE BASICS OF E TRADE TAX TOOLS PLUS & PREMIUM USER GUIDE WE KNOW BECAUSE WE RE TRADERS TOO. 1 Choose the Tax Tool that best helps you manage your tax online: Tax Tools Standard Tax Tools Plus Tax

More information

Super Accelerator. Supplementary Product Disclosure Statement. 2 April 2015. Issuer/trustee details: netwealth Investments Limited

Super Accelerator. Supplementary Product Disclosure Statement. 2 April 2015. Issuer/trustee details: netwealth Investments Limited Super Accelerator Supplementary Product Disclosure Statement 2 April 2015 Issuer/trustee details: netwealth Investments Limited Level 8/52 Collins Street MELBOURNE VIC 3000 ABN 85 090 569 109 AFSL 230975

More information

Simplified Imputation

Simplified Imputation July SA Bi-Monthly Simplified Imputation Helen Waldie Edwards Marshall Helen Waldie 2008 Disclaimer: The material in this presentation is published on the basis that the opinions expressed are not to be

More information

Australia. An insurer that writes general insurance contracts as defined under AASB4.

Australia. An insurer that writes general insurance contracts as defined under AASB4. Australia International Comparison of Insurance * May 2009 Australia General Insurance Definition Definition of property and casualty insurance company Commercial Accounts/Tax and Regulatory Returns Basis

More information

DOING BUSINESS IN AUSTRALIA. Presented by Sean Urquhart Tax Partner at Nexia Australia T: 61 2 9251 4600 E: surquhart@nexiacourt.com.

DOING BUSINESS IN AUSTRALIA. Presented by Sean Urquhart Tax Partner at Nexia Australia T: 61 2 9251 4600 E: surquhart@nexiacourt.com. DOING BUSINESS IN AUSTRALIA Presented by Sean Urquhart Tax Partner at Nexia Australia T: 61 2 9251 4600 E: surquhart@nexiacourt.com.au DISCLAIMER The material contained in this publication is in the nature

More information

Notes on the Small Business Tax Interview Checklist

Notes on the Small Business Tax Interview Checklist Notes on the Small Business Tax Interview Checklist The interview checklist are a series of questions to assist client sand tax practitioners complete tax returns efficiently and consistently and help

More information

HCG Fact Sheet 30 June 2014 End of Financial Year Tax planning strategies

HCG Fact Sheet 30 June 2014 End of Financial Year Tax planning strategies HCG Fact Sheet 30 June 2014 End of Financial Year Tax planning strategies If you are an employee, consider Sacrificing your pre-tax salary or bonus into super rather than receiving it as cash so you can

More information

Personal investors guide to capital gains tax 2013

Personal investors guide to capital gains tax 2013 Guide for investors Personal investors guide to capital gains tax 2013 To help you complete your tax return for 1 July 2012 30 June 2013 Covers: n sale of shares n sale of units in managed funds n distributions

More information

NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS

NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS NAS 03 NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS CONTENTS Paragraphs OBJECTIVE SCOPE 1-3 BENEFITS OF CASH FLOWS INFORMATION 4-5 DEFINITIONS 6-9 Cash and cash equivalents 7-9 PRESENTATION OF A

More information

OnCard International Limited ACN 084 800 902 NOTICE OF GENERAL MEETING TO BE HELD ON MONDAY 25 MAY 2015. and

OnCard International Limited ACN 084 800 902 NOTICE OF GENERAL MEETING TO BE HELD ON MONDAY 25 MAY 2015. and OnCard International Limited ACN 084 800 902 NOTICE OF GENERAL MEETING TO BE HELD ON MONDAY 25 MAY 2015 and Explanatory statement for the notice of general meeting Notice of the general meeting to be held

More information

Statement of Cash Flows

Statement of Cash Flows STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 7 Statement of Cash Flows This version of SB-FRS 7 does not include amendments that are effective for annual periods beginning after 1 January 2014.

More information

PERPETUAL AUSTRALIAN SHARE FUND

PERPETUAL AUSTRALIAN SHARE FUND PERPETUAL AUSTRALIAN SHARE FUND Annual Financial Report 30 June 2013 ARSN 093 183 165 Perpetual Investment Management Limited ABN 18 000 866 535 AFSL 234426 ARSN 093 183 165 Annual Financial Report - 30

More information

April update focusses on matters affecting individuals

April update focusses on matters affecting individuals April update focusses on matters affecting individuals UPDATE SNAPSHOT Medicare Levy Surcharge and Private Health Insurance Rebate Net Medical Expenses Tax Offset Superannuation guarantee rate Super contributions

More information

Advanced guide to capital gains tax concessions for small business 2013 14

Advanced guide to capital gains tax concessions for small business 2013 14 Guide for small business operators Advanced guide to capital gains tax concessions for small business 2013 14 For more information visit ato.gov.au NAT 3359 06.2014 OUR COMMITMENT TO YOU We are committed

More information

MyState Wealth Management Investment Account Product Disclosure Statement. 13 March 2015

MyState Wealth Management Investment Account Product Disclosure Statement. 13 March 2015 MyState Wealth Management Investment Account Product Disclosure Statement 13 March 2015 Powerwrap Investment Account (referred to in this PDS as the Scheme ) a registered Managed Investment Scheme under

More information

Cash Flow Statements

Cash Flow Statements Compiled Accounting Standard AASB 107 Cash Flow Statements This compiled Standard applies to annual reporting periods beginning on or after 1 July 2007. Early application is permitted. It incorporates

More information

2 This Standard shall be applied by all entities that are investors with joint control of, or significant influence over, an investee.

2 This Standard shall be applied by all entities that are investors with joint control of, or significant influence over, an investee. International Accounting Standard 28 Investments in Associates and Joint Ventures Objective 1 The objective of this Standard is to prescribe the accounting for investments in associates and to set out

More information

International Accounting Standard 7 Statement of cash flows *

International Accounting Standard 7 Statement of cash flows * International Accounting Standard 7 Statement of cash flows * Objective Information about the cash flows of an entity is useful in providing users of financial statements with a basis to assess the ability

More information

DDH MANAGED FUNDS. Additional Information Guide. Page 1

DDH MANAGED FUNDS. Additional Information Guide. Page 1 DDH MANAGED FUNDS Additional Information Guide Page 1 This Additional Information Guide (Guide) provides important additional information that forms part of the PDS. Issue Date: 15 December 2015 This Guide

More information

April 2015 IN THIS ISSUE

April 2015 IN THIS ISSUE April 2015 IN THIS ISSUE Medicare Levy Surcharge and Private Health Insurance Rebate Net Medical Expenses Tax Offset Superannuation guarantee rate Super contributions caps Changes to superannuation excess

More information

Chapter BB Buy-backs of shares and non-share equity interests

Chapter BB Buy-backs of shares and non-share equity interests Chapter BB Buy-backs of shares and non-share equity interests Outline of chapter 1.1 Schedule BB to this Bill implements the recommendations of the Board of Taxation to improve the taxation arrangements

More information

Sri Lanka Accounting Standard-LKAS 7. Statement of Cash Flows

Sri Lanka Accounting Standard-LKAS 7. Statement of Cash Flows Sri Lanka Accounting Standard-LKAS 7 Statement of Cash Flows CONTENTS SRI LANKA ACCOUNTING STANDARD-LKAS 7 STATEMENT OF CASH FLOWS paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS

More information

G8 Education Limited ABN: 95 123 828 553. Accounting Policies

G8 Education Limited ABN: 95 123 828 553. Accounting Policies G8 Education Limited ABN: 95 123 828 553 Accounting Policies Table of Contents Note 1: Summary of significant accounting policies... 3 (a) Basis of preparation... 3 (b) Principles of consolidation... 3

More information

Russell High Dividend Australian Shares ETF PDS

Russell High Dividend Australian Shares ETF PDS Level 17 GPO Box 3279 tel +61 2 9229 5111 19-29 Martin Place Sydney NSW 2001 fax +61 2 9221 4505 Sydney NSW 2000 Australia www.russell.com.au 13 May 2010 Company Announcements Office ASX Limited Russell

More information

Tax insights New Tax System for Managed Investment Trusts - Exposure Draft

Tax insights New Tax System for Managed Investment Trusts - Exposure Draft 20 April 2015 2015/6 Tax insights New Tax System for Managed Investment Trusts - Exposure Draft Snapshot On 9 April 2015 the government released Tax Laws Amendment (New Tax System for Managed Investment

More information

Accounting and Reporting Policy FRS 102. Staff Education Note 1 Cash flow statements

Accounting and Reporting Policy FRS 102. Staff Education Note 1 Cash flow statements Staff Education Note 1: Cash flow Statements Accounting and Reporting Policy FRS 102 Staff Education Note 1 Cash flow statements Disclaimer This Education Note has been prepared by FRC staff for the convenience

More information

Personal investors guide to capital gains tax 2015

Personal investors guide to capital gains tax 2015 Guide for investors Personal investors guide to capital gains tax 2015 To help you complete your tax return for 1 July 2014 30 June 2015 Covers: n sale of shares n sale of units in managed funds n distributions

More information

investment portfolio service

investment portfolio service investment portfolio service overview Cavendish is a specialist administrator of Self Managed Superannuation Funds (SMSFs). Our overriding business objective is to provide our clients the Trustees of the

More information

SMALL BUSINESS TAX INTERVIEW CHECKLIST 2012 INCOME TAX RETURN

SMALL BUSINESS TAX INTERVIEW CHECKLIST 2012 INCOME TAX RETURN The interview checklist is a series of questions to assist clients and tax practitioners complete tax returns efficiently and consistently and to help identify relevant tax issues for special consideration.

More information

Investments in Associates and Joint Ventures

Investments in Associates and Joint Ventures STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 28 Investments in Associates and Joint Ventures This standard applies for annual periods beginning on or after 1 January 2013. Earlier application is

More information

Company tax return instructions 2013

Company tax return instructions 2013 Instructions for companies Company tax return instructions 2013 To help you complete the company tax return for 1 July 2012 30 June 2013 For more information visit ato.gov.au NAT 0669-06.2013 OUR COMMITMENT

More information

UBS Diversified Fixed Income Fund Product Disclosure Statement

UBS Diversified Fixed Income Fund Product Disclosure Statement 12 October 2015 UBS Diversified Fixed Income Fund Product Disclosure Statement Issue No. 3 ARSN: 090 428 372 APIR: SBC0007AU MFUND: UAM06 Issued by UBS Global Asset Management (Australia) Ltd ABN 31 003

More information

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention.

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention. Note 1 to the financial information Basis of accounting ITE Group Plc is a UK listed company and together with its subsidiary operations is hereafter referred to as the Company. The Company is required

More information

Accounting Standard AASB 1020 December 1999. Income Taxes. Issued by the Australian Accounting Standards Board

Accounting Standard AASB 1020 December 1999. Income Taxes. Issued by the Australian Accounting Standards Board Accounting Standard AASB 1020 December 1999 Income Taxes Issued by the Australian Accounting Standards Board Obtaining a Copy of this Accounting Standard Copies of this Standard are available for purchase

More information

Small Business Tax Interview Checklist - 2011 Tax Return

Small Business Tax Interview Checklist - 2011 Tax Return The interview checklist is a series of questions to assist clients and tax practitioners complete tax returns efficiently and consistently and to help identify relevant tax issues for special consideration.

More information

Wellington Management Portfolios (Australia) - Global Contrarian Equity Portfolio

Wellington Management Portfolios (Australia) - Global Contrarian Equity Portfolio Wellington Management Portfolios (Australia) - Global Contrarian Equity Portfolio ARSN 129 581 675 Annual report - 30 June 2015 ARSN 129 581 675 Annual report - 30 June 2015 Contents Page Directors' Report

More information

GUIDE TO CAPITAL GAINS TAX 2002 03

GUIDE TO CAPITAL GAINS TAX 2002 03 GUIDE TO CAPITAL GAINS TAX 2002 03 Covers: Individuals who have sold their main residence Individuals with complex capital gains tax obligations Companies, trusts and funds Lodge online with e-tax at www.ato.gov.au

More information

NAS 09 NEPAL ACCOUNTING STANDARDS ON INCOME TAXES

NAS 09 NEPAL ACCOUNTING STANDARDS ON INCOME TAXES NAS 09 NEPAL ACCOUNTING STANDARDS ON INCOME TAXES CONTENTS Paragraphs OBJECTIVE SCOPE 1-4 DEFINITIONS 5-11 Tax Base 7-11 RECOGNITION OF CURRENT TAX LIABILITIES AND CURRENT TAX ASSETS 12-14 RECOGNITION

More information

Sri Lanka Accounting Standard LKAS 12. Income Taxes

Sri Lanka Accounting Standard LKAS 12. Income Taxes Sri Lanka Accounting Standard LKAS 12 Income Taxes CONTENTS paragraphs SRI LANKA ACCOUNTING STANDARD-LKAS 12 INCOME TAXES OBJECTIVE SCOPE 1 4 DEFINITIONS 5 11 Tax base 7 11 RECOGNITION OF CURRENT TAX LIABILITIES

More information

Programmed Employee Share Acquisition Plan (PESAP)

Programmed Employee Share Acquisition Plan (PESAP) Programmed Employee Share Acquisition Plan (PESAP) Programmed Employee Share Acquisition Plan ( PESAP ) Key Dates Offer commences Wednesday 1 June 2016 Initial offer close date Monday 20 June 2016 Contributions

More information

Zurich Investments Managed Growth Fund APIR ZUR0059AU

Zurich Investments Managed Growth Fund APIR ZUR0059AU Zurich Investments Managed Growth Fund APIR ZUR0059AU Product Disclosure Statement (PDS) Issue date 1 July 2014 1. About Zurich Investments Zurich Investment Management Limited (Zurich Investments) is

More information

Company Income Tax and Other Taxes

Company Income Tax and Other Taxes Company Income Tax and Other Taxes Company Taxation Arrangements The company tax rate (also known as the corporate) is 30%. The treatment of business expenditure for the mining and petroleum industries

More information

FSC Guidance Note No. 31 Provisioning for Deferred Tax Assets. 19 December 2012

FSC Guidance Note No. 31 Provisioning for Deferred Tax Assets. 19 December 2012 FSC Guidance Note No. 31 Provisioning for Deferred Tax Assets 19 December 2012 Purpose of this Guidance Note: To provide industry participants with guidance in the provisioning for deferred tax assets

More information

Invesco Wholesale Australian Share Fund Product Disclosure Statement Issued 7 March 2016. Contents. 1. About Invesco Australia 2

Invesco Wholesale Australian Share Fund Product Disclosure Statement Issued 7 March 2016. Contents. 1. About Invesco Australia 2 Invesco Wholesale Australian Share Fund Product Disclosure Statement Issued 7 March 2016 ARSN 089 540 143 APIR CNA0811AU Contents 1. About Invesco Australia 2 2. How the Invesco Wholesale Australian Share

More information

Estate planning: Taxation of deceased estates

Estate planning: Taxation of deceased estates TB 20 Estate planning: Taxation of deceased estates Issued on 15 November 2010. Summary Under Australian law there are no duties, however, income and some capital transactions may be taxed as a consequence

More information

Preliminary Final report

Preliminary Final report Appendix 4E Rule 4.3A Preliminary Final report AMCOR LIMITED ABN 62 000 017 372 1. Details of the reporting period and the previous corresponding period Reporting Period: Year Ended Previous Corresponding

More information

USING AEGIS vs INVESTING DIRECTLY WHAT ARE THE BENEFITS?

USING AEGIS vs INVESTING DIRECTLY WHAT ARE THE BENEFITS? WHAT IS AEGIS? Commonly referred to as a custodial wrap account or investment platform, the Aegis service is an electronic investment administration service that is available through selected investment

More information

DIVIDEND REINVESTMENT PLAN

DIVIDEND REINVESTMENT PLAN www.brambles.com DIVIDEND REINVESTMENT PLAN KEY FEATURES OF THE BRAMBLES DIVIDEND REINVESTMENT PLAN Gives you flexibility to apply some or all of your dividends to the purchase of shares rather than cash.

More information

Advanced guide to capital gains tax concessions for small business 2012 13

Advanced guide to capital gains tax concessions for small business 2012 13 Guide for small business operators Advanced guide to capital gains tax concessions for small business 2012 13 For more information visit ato.gov.au NAT 3359 06.2013 OUR COMMITMENT TO YOU We are committed

More information

ATO CLASS RULING PUBLISHED

ATO CLASS RULING PUBLISHED 10 December 2014 ATO CLASS RULING PUBLISHED Syrah Resources Limited (ASX: SYR) advises that the Australian Taxation Office ( ATO ) has today published a final Class Ruling () in relation to the Company

More information

This paper is a guide as to how the broad principles recommended by the Board of Taxation might operate.

This paper is a guide as to how the broad principles recommended by the Board of Taxation might operate. TREASURY DISCUSSION PAPER TAXATION TREATMENT OF OFF-MARKET SHARE BUYBACKS NOTE TO PARTICIPANTS This paper is a guide as to how the broad principles recommended by the Board of Taxation might operate. INTRODUCTION

More information

Understanding Taxation Law 2012 by Gilders, Taylor, Walpole, Burton, Ciro

Understanding Taxation Law 2012 by Gilders, Taylor, Walpole, Burton, Ciro Understanding Taxation Law 2012 by Gilders, Taylor, Walpole, Burton, Ciro Suggested answers to Activities and Questions by John Taylor and updated by Amy Koit Chapter 13: Taxation of Shareholders 2012

More information