Self-managed superannuation fund current postal address Country Name: This field should remain blank. Self managed superannuation fund current postal address country name Auditor's postal address - Country name: This field should be left blank. Auditor's postal address - Country name Self-managed superannuation fund current postal address country code: Enter the country code as per the allowable codes listed in the taxonomy. Only supply the country code where the address is not within Australia. Self managed superannuation fund current postal address country code Auditor's postal address - Country code: Enter the country code as per the allowable codes listed in the taxonomy. Only supply the country code where the address is not within Australia. Auditor current postal address - Country code Self-managed superannuation fund Current Postal Address Details Currency Code: The currency code should be to C (Current) for the SMSF address. This is a mandatory field. Self managed superannuation fund current postal address currency code Auditor's postal adress - Currency code: The auditor's postal address currency code must be 'C' - (current). This is a mandatory field. Auditor's postal address - currency code Current postal address - Street name and number line 1: Enter the street name and number of the current address used for the delivery of mail. This is a mandatory field. Self managed superannuation fund current postal address- street name and number Auditor's postal address - Street name and number line 1: Enter the street name and number of the approved auditor's postal address. This is a mandatory field. Auditor postal address - Street name and number line 1 Self-managed superannuation fund current postal address - Street name and number line 2: Enter the street name and number of the current address used for the delivery of mail. Self managed superannuation fund current postal address line 2 Auditor's postal address - Street name and number line 2: Enter the street name and number of the current address used for the delivery of mail. Auditor postal address- Street name and number line 2 Self-managed superannuation fund current postal address - Street name and number line 3: This field should be left blank. Self managed superannuation fund current postal address line 3 Auditor's postal address - Street name and number line 3: This field should be left blank. Auditor postal address- Street name and number line 3 Self-managed superannuation fund current postal address - Street name and number line 4: This field should be left blank. Self managed superannuation fund current postal address line 4 Auditor's postal address - Street name and number line 4: This field should be left blank. Auditor postal address - Street name and number line 4 Current postal address - Suburb/Town: Enter the name of the town or suburb of the current address used for the delivery of mail. This is a mandatory field. Self managed superannuation fund current postal address - Suburb/Town Auditor's postal address - Suburb/Town: Enter the name of the suburb or town of the approved auditor's postal address. This is a mandatory field. Auditor current postal address - Suburb/Town Self-managed superannuation fund Current postal address Overseas Address Indicator: Set this field to TRUE If the address is located overseas. Otherwsie set the field to FALSE. This is a mandatory field. Self managed superannuation fund current postal address overseas indicator Auditor's postal address - Overseas address indicator: This indicator must be set to FALSE. The address must be in Australia. This is a mandatory field. Auditor's postal address - Overseas address indicator Current postal address - Postcode: Enter the postcode of the current address used for the delivery of mail. This is a mandatory field. Self managed superannuation fund current postal address - Postcode Auditor's postal address - Postcode: Enter the postcode of the approved auditor's postal address. This is a mandatory field. Auditor current postal address - Postcode Current postal address - State: Enter the code, as per the allowable codes listed in the taxonomy, for the the state or territory of the current address used for the delivery of mail. This is a mandatory field. Self managed superannuation fund current postal address - State Auditor's postal address - State/Territory: Enter the the State or Territory, as per the allowable codes listed in the taxonomy, of the approved auditor's postal address. This is a mandatory field. Auditor current postal address - State/Territory Contact E-mail address: If applicable, enter the contact E-mail address of the trustee or director of the SMSF. This is a mandatory field. Trustee or director e-mail address Self-managed superannuation fund trustee or director E-mail address usage code: The e-mail address usage code should be 03 (Contact) for the SMSF's trustee or director e-mail address. This is a mandatory field. Trustee or director e-mail address usage code Trustee's phone area code: Enter the area code of the telephone number of the preferred trustee or director of the SMSF. Trustee or director phone area code Agent's telephone area code: Enter the area code of the telephone number of the tax agent contact. Tax agent's phone area code Auditor phone area code: Enter the area code of the telephone number of the approved auditor. Auditor phone area code Trustee's phone number: Enter the telephone number of the preferred trustee or director of the SMSF. This is a mandatory field. Trustee or director phone number Agent's telephone number: Enter the telephone number of the tax agent contact. This is a mandatory field. Tax agent's telephone number Auditor phone number: Enter the phone number of the approved auditor. This is a mandatory field. Auditor phone number Self-managed superannuation fund trustee or director Telephone Service Line Code: The telephone service line code should be 01 (Mobile) or 02 (Landline or fixed line) for the SMSF's trustee or director. This is a mandatory field. Trustee or director telephone service line code Self-managed superannuation fund Tax agent Telephone Service Line Code: The telephone service line code should be 01 (Mobile) or 02 (Landline or fixed line) for the SMSF's Tax agent. This is a mandatory field. Tax agent telephone service line code Self-managed superannuation fund Auditor Telephone Service Line Code: The telephone service line code should be 01 (Mobile) or 02 (Landline or fixed line) for the SMSF's Auditor. This is a mandatory field. Auditor telephone service line code Self-managed superannuation fund trustee or director Telephone Usage Code: The telephone usage code should be 03 (Contact) for the SMSF's trustee or director. This is a mandatory field. Trustee or director telephone usage code Self-managed superannuation fund Tax agent Telephone Usage Code: The telephone usage code should be 03 (Contact) for the SMSF's Tax agent. This is a mandatory field. Tax agent telephone usage code Self-managed superannuation fund Auditor Telephone Usage Code: The telephone usage code should be 03 (Contact) for the SMSF's Auditor. This is a mandatory field. Auditor telephone usage code Date wound up: Enter the date the fund was wound up, otherwise leave the field blank. The date the Self managed superannuation fund ceased operations, if it was wound up during the year Name of self managed superannuation fund - Organisation Name Type Code: The organisation name type code should be MN (Main or legal) for the SMSF. This is a mandatory field. Name of self managed superannuation fund - organisation name type code Name of non individual trustee- Organisation Name Type Code: The organisation name type code should be MN (Main or legal) for the SMSF. This is a mandatory field. Name of non individual trustee - organisation name type code Self-managed superannuation fund Tax agent Organisation Name Type Code: The organisation name type code should be MN (Main or legal) for the SMSF. This is a mandatory field. Tax agent organisation name type code Name: Enter the current Self Managed Superannuation Fund (SMSF) name exactly as it appears on the SMSF’s trust deed or other constituent document. For subsequent annual returns, the name of the SMSF should be consistent from year to year unless the name changes. If the SMSF name is legally changed, advise the ATO of the change by either updating online at www.abr.gov.au or completing a Change of details for superannuation entities (NAT 3036) at the time the change is made. This is a mandatory field. Self managed superannuation fund name Non-individual trustee name: If applicable, enter the name of the non-individual trustee (also referred to as the corporate trustee). This is a mandatory field. Non individual trustee name Tax agent's practice: Enter the name of the tax agent's practice. This is a mandatory field. Tax agent's practice name Member - Date of birth: Enter the member’s date of birth. Either the Member TFN OR the Member Date of Birth must be present. Member date of birth Member - Date of death: If the member died during the income year, enter the the date of the member's death and complete the member’s account details in the supplementary section of the annual return. Member date of death Self-managed superannuation fund Member Person Name Currency Code: The person name currency code should be C (current) for the SMSF member. This is a mandatory field. Member person name currency code Self-managed superannuation fund trustee or director Person Name Currency Code: The person name currency code should be C (current) for the SMSF trustee or director. This is a mandatory field. Self-managed superannuation fund trustee or director Person Name Currency Code Self-managed superannuation fund Tax agent Person Name Currency Code: The person name currency code should be C (current) for the SMSF's tax agent. This is a mandatory field. Tax agent person name currency code Self-managed superannuation fund Auditor Person Name Currency Code: The person name currency code should be C (current) for the SMSF Auditor. This is a mandatory field. Auditor person name currency code Member - Family name: Enter the name of the member as previously notified to the Tax Office. This is a mandatory field. Member family name Family name: Enter the family name of the preferred trustee or director of the SMSF. This is a mandatory field. Trustee or director family name Tax agent family name: Enter the family name of the tax agent contact. This is a mandatory field. Tax agent family name Auditor family name: Enter the family name of the approved auditor who has completed the audit report. This is a mandatory field. Auditor family name Member - First given name: Enter the name of the member as previously notified to the ATO. Member - First given name First name: Enter the first or given name of the preferred trustee or director of the SMSF. This is a mandatory field. Trustee or director first name Tax agent first given name: Enter the first name or given name of the tax agent contact. This is a mandatory field. Tax agent first given name Auditor first name: Enter the first name or given name of the approved auditor who has completed the audit report. This is a mandatory field. Auditor first name Member - Suffix: If applicable, enter the suffix of the member as per the allowable values listed in the taxonomy. Member name suffix Suffix: If appropriate, enter the suffix of the preferred trustee or director of the SMSF as per the allowables codes listed in the taxonomy. Trustee or director name suffix Tax agent - Suffix: If applicable, enter the suffix of the tax agent contact as per the allowable codes listed in the taxonomy. Otherwise leave this field blank. Tax agent name suffix Auditor suffix: Enter the suffix, as per the allowable suffix codes as listed in the taxonomy, of the approved auditor who has completed the audit report. If the approved auditor does not have or use a name suffix, leave this field blank. Auditor name suffix Member - Other given names: If applicable, enter the second or given name of the member as previously notified to the ATO. Member other given names Other given names: Enter the second or subsequent names of the preferred trustee or director of the SMSF. Trustee or director other given names Tax agent other given names: If applicable, enter the second or subsequent names given to the tax agent contact. Tax agent other given names Auditor other given name: Enter the second or other given names of the approved auditor who has completed the audit report. Auditor other given name Self-managed superannuation fund Member Person Name Type Code: The person name type code should be LGL (legal name) for the SMSF Member. This is a mandatory field. Member person name type code Self-managed superannuation fund trustee or director contact Person Name Type Code: The person name type code should be LGL (legal name) for the SMSF trustee or director. This is a mandatory field. Trustee or director contact person name type code Self-managed superannuation fund Tax agent Person Name Type Code: The person name type code should be LGL (legal name) for the SMSF Tax agent. This is a mandatory field. Tax agent contact person name type code Self-managed superannuation fund Auditor Person Name Type Code: The person name type code should be LGL (legal name) for the SMSF Auditor. This is a mandatory field. Auditor person name type code Member - Title: Enter title of the member as per the allowables codes listed in the taxonomy. Member name title Title: Enter the title of the preferred contact, either trustee or director as per the allowable codes listed in the taxonomy. Trustee or director name title Tax agent title: Enter the title of the preferred contact of the tax agent as per the allowable codes listed in the taxonomy. Tax agent name title Auditor title: Enter the title, as per the allowable title codes listed in the taxonomy, of the approved auditor who has completed the audit report. Auditor name title Trustee or director declaration person name: This element is used to capture the Title, First name, other name and full name of the Trustee or director. This is a mandatory field. Trustee or director declaration person name Tax agent declaration person name: This element is used to capture the Title, First name, other name and full name of the Tax agent. This is a mandatory field. Tax agent declaration person name Self-managed superannuation fund Current Postal Address Details Usage Code: The usage code for the trustee address details should be set to POS (postal). This is a mandatory field. Current Postal Address Details Usage Code Auditor's postal address - Usage code: The usage code for the SMSF address details should be set to POS (postal). This is a mandatory field. Auditor Address Details Usage Code Bank State Branch number: Enter the Bank State Branch (BSB) code. Bank account details now need to be provided each year. Complete the BSB, Account number and Account name boxes. This is a mandatory field. Bank State Branch number Account name: Enter the name of the financial account that the client has elected to receive payments such as refunds or credits. Bank account details now need to be provided anew each year. Complete the BSB, Account number and Account name boxes. Enter the account name, as shown on the account records. Do not enter the account type – for example savings, cheque or mortgage offset. Include spaces between each word and between initials in the account name. Joint accounts are acceptable. The account name must not exceed 32 characters. Account name Account number: Enter the bank account number. Bank account details now need to be provided anew each year. Complete the BSB, Account number and Account name boxes. Do not include spaces in the account number. This is a mandatory field. Account Number Financial Institution branch name: Enter the branch name of the financial institution Financial Institution branch name Financial institution name: Enter the name of the financial institution Financial Institution name Australian Business Number: Enter the Australian Business Number (ABN) of the SMSF. If the fund does not have an ABN, leave this field blank. SMSFs without ABNs should apply for an ABN either online at www.abr.gov.au or by lodging an application for ABN registration for superannuation entities. Self managed superannuation fund Australian Business Number Member - ABN of principal employer: Enter the Australian Business Number (ABN) of the employer who made gross contributions to the member’s account. If more than one employer contributed to the member’s account, enter the ABN of the employer who made the greatest total contribution. The amount should only include gross contributions actually made by members up to 30 June 2010 and must not take into account: • amounts credited to accounts but not yet received • amounts deducted from the gross contributions after they were received, such as allowances for tax, costs and fees. The former members not reported are those: • Rolling over all contributions to another fund (complete a Rollover benefits statement (NAT 70944),or • Investment related expenses and events (for example, losses applied or tax deducted.) ABN of the member's principal employer ABN of non-individual trustee: If applicable, enter the Australian Business Number (ABN) of non-individual trustee. ABN of non-individual trustee Client's reference: If applicable, enter the tax agent’s reference number. This is the client number allocated by the tax agent to the SMSF. Client's reference Tax Agent number: Enter the Tax Agent Number (TAN). If the TAN consists of only seven digits, it is an old registration and will need to have a ‘0’ (zero) added in front of the first four digits of the TAN. Tax Agent number Member - TFN: Enter the Tax File Number (TFN) of the member. Either the Member TFN OR the Member Date of Birth must be present. Tax file number: Enter the Tax File Number (TFN) of the self managed superannuation fund. This is a mandatory field. Member tax nile number Self managed superannuation fund tax file number Was the fund wound up during the year?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Was the fund wound up during the income year? Gross distribution from trusts action code: Enter the appropriate code that best describes the type of trust. If the amount is from more than one type of trust, enter the code that represents the trust with the greatest amount of income. The codes are: '039' - Cash management unit trust; '059' - Deceased estate; '071' - Discretionary trust - income from investment activities; '072' - Discretionary trust - income from service and/or management services; '077' - Discretionary trust - income from trading activities; '089' - Fixed unit trust - other than a public trust described in P or Q; '090' - Fixed trust - other than fixed trust or public trust; '112' - Hybrid trust; '179' - Public unit trust (listed) - other than a cash management unit trust; '184' - Public unit trust (unlisted) - other than a cash management unit trust. Gross distribution from trust income action code Member - Person Name Usage Code: The person name usage code should be 'Contact' for the SMSF's member. This is a mandatory field. Member person name usage code Self-managed superannuation fund trustee or director Person Name Usage Code: The person name usage code should be 'Contact' for the SMSF's trustee or director. This is a mandatory field. Trustee or director person name usage code Self-managed superannuation fund tax agent person name usage code: The person name usage code should be 'Contact' for the SMSF's tax agent. This is a mandatory field. Tax agent person name usage code Self-managed superannuation fund Auditor Person Name Usage Code: The person name usage code should be 'Contact' for the SMSF's Auditor. This is a mandatory field. Auditor person name usage code Self-managed superannuation fund trustee or director declaration Person Unstructured Name Usage Code: The person unstructured name usage code should be 'Signatory' for the SMSF's trustee or director details. This is a mandatory field. Self-managed superannuation fund trustee or director declaration Person Unstructured Name Usage Code Self-managed superannuation fund Tax agent declaration Person Unstructured Name Usage Code: The person unstructured name usage code should be 'Signatory' for the SMSF's Tax agent details. This is a mandatory field. Tax agent declaration person name usage code Self-managed superannuation fund Trustee or director declaration statement type code: The declaration statement type code should be set to 'TrueAndCorrect'. This is a mandatory field. Trustee or director declaration statement type code Self-managed superannuation fund Tax agent declaration statement type code: The declaration statement type code should be set to 'TrueAndCorrect'.This is a mandatory field. Tax agent declaration statement type code Self-managed superannuation fund trustee or director declaration signatory identifier: The identifier used can be specified by the ABR credential owner providing it allows identification. Examples of suitable identifiers include a user login, a full name or an E-mail address. This is a mandatory field. Trustee or director declaration signatory identifier Self-managed superannuation fund Tax agent declaration signatory identifier: The identifier used can be specified by the ABR credential owner providing it allows identification. Examples of suitable identifiers include a user login, a full name or an E-mail address. This is a mandatory field. Tax agent declaration signatory identifier Trustee's or Director's declaration date: Enter the date (day, month, year) that the Trustee or Director signed the signature field of the Declaration section. This is a mandatory field. Trustee's or director's declaration date Tax Agent declaration date: Enter the date (day, month, year) that the Tax Agent signed the signature field of the Declaration section. This is a mandatory field. Tax agent declaration date Self-managed superannuation fund trustee or director declaration statement accepted indicator: Set the field to TRUE if the declaration statement is accepted. Set the field to FALSE if it is not accepted. This is a mandatory field. Trustee or director declaration statement accepted indicator Self-managed superannuation fund Tax agent declaration statement accepted indicator: Set the field to TRUE if the declaration statement is accepted. Set the field to FALSE if it is not accepted. This is a mandatory field. Tax agent declaration statement acepted indicator Trustee's or Director's declaration: Enter the signature of the Trustee or Director. Trustee's or director's declaration Tax Agent declaration: Enter the signature of the Tax Agent. This is a mandatory field. Tax agent declaration Hours taken to prepare and complete this form: Enter the total time taken by the trustee and tax agent in preparing and completing the SMSF annual return. This field should also include the time spent by any other person who helped to complete the form. Hours taken to prepare and complete this form Member number: All SMSF member information must be reported at this section of the annual return. Report all current members at 30 June of the current income year, regardless of their contributions during the year. If the SMSF was wound up during the income year, only enter member information for individuals who exited the fund by taking a lump sum. SMSFs are only permitted a maximum of four current members. If there is a requirement to report more than four members as a result of changes in the membership of the SMSF during the year, report the additional members in Section G: Supplementary member information field. Where all of the entitlements of a former member or members have been rolled over to another fund, do not report their entitlements in this section. Do not use this section for deceased members, former members who have not received any contributions and exhausted all their entitlements (for example, through superannuation lump sum benefits, superannuation income streams), or former members who rolled over all their contributions to another fund. These should be reported in the Section G: Supplementary member information field. All transactions reported for a member (including all contributions and rollovers, deducting payments, outward rollovers and allocated earnings and losses) should be taken into account to determine the new member balance at 30 June of the current income year. This is a mandatory field. Member number Year of return: Enter the financial year or income year which the information provided in the report refers to. This is a mandatory field. Year of return Annual Return Status: Set the field to TRUE if this is an amendment to the SMSF's current year return. Otherwise set the field to FALSE. Advise whether the return is an amendment. The reason provided by the user for the lodgement of an amendment. Amendment Reason The order in which amendments need to be submitted for SMSFAR.0001. Amendment sequence number Identifies if the lodgment of the amendment is due to an ATO error or a taxpayer error. Amendment type code This is amount is used to determine Assessable contriubitons. It is used to determine the additional tax payable as a result of a member not quoting a TFN. This amount should also be included in the Gross tax amount. Assessable contributions- TFN not quoted contributions Australian superannuation fund: Set the field to TRUE if the SMSF meets the definition of an Australian superannuation fund at any time during the income year. Otherwise set the field to FALSE. An SMSF is an Australian superannuation fund if it satisfies all three of the stated criteria at the same time during the income year. Further information on the criteria can be found at www.ato.gov.au. This is a mandatory field. Is the Self managed superannuation fund an Australian superannuation fund? Does the fund trust deed allow for the acceptance of Government Superannuation Co-contributions?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Does the fund trust deed allow for the acceptance of Government Superannuation Co-contributions? If wound up, have all tax lodgment and payment obligations been met?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. If wound up, have all tax lodgment and payment obligations been met? Regulatory information - assets (other than exempt assets) from related parties amount: Enter the value amount of assets (other than exempt assets) the SMSF aquired from related parties. Provide the amount of the assets acquired (other than exempt assets) from related parties Regulatory information - Did the SMSF acquire assets (other than exempt assets) from related parties?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Did the SMSF acquire assets (other than exempt assets) from related parties? Regulatory information - Did the SMSF make and maintain all investments on an arms length basis?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Did the SMSF make and maintain all investments on an arms length basis? Regulatory information - Are all SMSF assets appropriately documented as owned by the fund?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Are all SMSF assets appropriately documented as owned by the fund? Regulatory information - Does the auditor provide services to the SMSF as either a tax agent, accountant or financial advisor or administrator?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Does the auditor provide services to the SMSF as either a tax agent, accountant or financial advisor or administrator? Regulatory information - Did the SMSF borrow for purposes that are not permissible?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Did the SMSF borrow for purposes that are not permissible? Regulatory information - Did the SMSF carry on a business (selling goods or services)?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Did the SMSF carry on a business (selling goods or services)? Regulatory information - Are any trustees or directors currently disqualified persons as defined by SISA?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Are any trustees or directors currently disqualified persons as defined by SISA? Regulatory information - Did the SMSF hold in-house assets at the time during the year that exceeded 5% of total assets?: Set the field to TRUE if the answer to this question is Yes. Otherwise, set the field to FALSE. This is a mandatory field. Regulatory information - Did the SMSF hold in-house assets at the time during the year that exceeded 5% of total assets? Regulatory information - Investment in a related party amount: Enter the value of related party investments that the SMSF held at any time during the year that were not in-house assets. Regulatory information - Provide the amount of the SMSF held investment in a related party at any time during the year Regulatory information - Did the SMSF hold an investment in a related party at any time during the year?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Did the SMSF hold an investment in a related party at any time during the year? Regulatory information - In house assets amount: Enter the value of in-house assets that the SMSF held at any time during the year. Do not include at this field any related party investments that are not in-house assets. Regulatory information - Provide the amount of SMSF loan, lease to or investment in related parties (known as in house assets) Regulatory information - Did the SMSF loan, lease to or invest in related parties (known as in house assets)?: Set the field to TRUE if the answer to this question is Yes. Otherwise, set the field to FALSE. This is a mandatory field. Regulatory information - Did the SMSF loan, lease to or invest in related parties (known as in house assets)? Regulatory information - Did the SMSF provide money to members without a condition of release being met?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Did the SMSF provide money to members without a condition of release being met? Regulatory information - Did members have the personal use of the SMSF's assets before retirement?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Did members have the personal use of the SMSF's assets before retirement? Regulatory information - Did the SMSF lend money or provide financial assistance to a member or relative of a member of the fund?: Set the field to TRUE if the answer to this question is Yes. Otherwise, set the field to False. This is a mandatory field. Regulatory information - Did the SMSF lend money or provide financial assistance to a member or relative of a member of the fund? Regulatory information - 'in specie' contributions amount: Enter the value of all ' in specie' contributions that the SMSF received during the year on behalf of its members. The term 'in specie' refers to contributions to the SMSF in the form of an asset other than money. Do not include other costs, if any, associated with the acquisition of the asset (for example, stamp duties, legal fees or GST). Regulatory information - Provide the amount the SMSF received 'in specie' contributions during the year. Regulatory information - Did the SMSF receive 'in specie' contributions during the year?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. This is a mandatory field. Regulatory information - Did the SMSF receive 'in specie' contributions during the year? Regulatory information - Did trustees of the fund receive any remuneration for their services as a trustee?: Set the field to TRUE if the answer to this question is Yes. This is a mandatory field. Regulatory information - Did trustees of the fund receive any remuneration for their services as a trustee? Member - Closing account balance: Enter the member’s account balance as at 30 June of the income year. Calculate the member’s balance by beginning with last year’s reported end of year balance for the member and take into account all transactions reported for the member including all contributions and inward rollovers, deducting payments and outward rollovers and applying allocated earnings and losses. Member - Closing account balance Member - Benefit payments and code: Enter all the benefit payments made during the year to the member. Member - Benefit payments and code Member - Benefit payments code: Enter the applicable code. If two or more payment types apply enter the code relating to the largest payment. The code types are: 'C' - Payment is a combination of lump sum and pension, 'L' - Lump sum, 'P' - Pension, 'T' - Transition to retirement pension. Member other transactions- Benefit payments code Member - Directed termination (taxable component) payments: Enter the taxable component only of a transitional termination payment which the member has directed the payer to make to a complying superannuation plan. Enter amounts on a Rollover benefits statement which the SMSF received from a transferor provider. This information is used to work out whether any of the directed termination payment will be included in the member’s concessional gross contributions. Member contributions- directed termination (taxable component) payments Assessable employer contributions: Enter the amount of total assessable income comprising contributions and payments received by the SMSF in the income year. Do not include any contributions received for a member who has not quoted their tax File Number (TFN). Assessable employer contributions Transfer of liability to LIC or PST: Enter the amount of income otherwise assessable for the income year that the trustee of a complying SMSF has agreed to transfer to a life insurance company or PST in which the complying SMSF holds investments. The amount of the transfer will be included in the transferee’s assessable income instead. The transferor must hold sufficient investments in the transferee to cover the tax payable by the transferee as a result of the transfer and the amount transferred cannot exceed the amount that would otherwise have been assessable income of the transferor. The agreement to transfer must be in writing, signed by both parties, must be made before the lodgment of this annual return and cannot be revoked. The trustee can only make one agreement for an income year with a particular transferee. Transfer of liability to LIC or PST is used to determine assessable contributions. The transfer of liability to a Life Insurance Company or Pooled Superannaution Trust Member - Allocated earnings or losses: Enter all the allocated earnings or losses derived by the SMSF investments, and attributed to this member, for the income year. Allocated gains and losses from assets should also be included. This amount can be an earning (positive number) or a loss (negative number). Member other transactions- allocated earnings or losses Fund Benefit Structure: Enter the appropriate code that best describes the benefit structure of the SMSF. The accepted codes are: A for Accumulation Fund, and D for Defined Benefit Fund. This is a mandatory field. What is the fund benefit structure code for the Self managed superannuation fund? Did you have a CGT event during the year?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. If the field is set to TRUE then a Capital Gains Tax Schedule must also be completed and submitted with this Return if the fund had total current year capital gains for the income year greater than $10,000, or total current year capital losses for the income year greater than $10,000. If the field is set to TRUE then the following question regarding Forestry Managed Investment Scheme must also be answered. This is a mandatory field. Did the self managed superannuation fund have a Capital Gains Tax event during the year? Family Trust Election Status - Specified Income Year: If the trustees of the SMSF have made or are making a Family Trust Election (FTE), enter the appropriate income year. If the trustees of the SMSF have not made or are not making an FTE, leave this field blank. Specified income year for FTE or IEE must be 2000 or later. If making a family trust election, provide the income year of the election. Interposed Entity Election revocation code: An IEE can only be revoked by the trustee of a SMSF that satisfies the relevant conditions of the Income Tax Assessment Act (ITAA) 1936. Enter the either of the allowable codes: 'R' - Revoke, or 'V' - Variation. An Interposed entity election, revocation or variation schedule must be completed and lodged with this Return if either of the above codes is entered. Otherwise leave this field blank. If revoking an interposed entity election, provide the appropriate code Interposed Entity Election Status - Specified Income Year: If the trustees have previously made one or more Interposed Entity Elections (IEE) specifying a day in an income year before the current income year, enter the income year that has been specified in the IEE made by the trustees (if only one IEE has been made), or the earliest income year which has been specified in all of the IEEs made by the trustees (if more than one IEE has been made) unless the trustees are making one or more IEEs specifying a day in the 2004–05 or later income year. If so, enter 2005 or the later income year. Otherwise, leave this field blank. Specified income year for FTE or IEE must be 2000 or later. If making an interposed entity election, provide the specified income year Did this CGT event relate to a forestry managed investment scheme interest that you held other than as an initial participant?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. If the field is set to TRUE then a Capital Gains Tax Schedule must also be completed and submitted with this Return. Did this CGT event relate to a forestry managed investment scheme interest that you held other than as an initial participant? Tax losses carried forward to later income years: Enter the total tax losses incurred by the SMSF that are to be carried forward to the next income year under the Income Tax Assessment Act (ITAA) 1997. The amount is the sum of the SMSF’s tax losses for the current income year less the SMSF’s net exempt income, and the SMSF’s prior year tax loss. Tax losses carried forward to later income years Net capital gain: Enter the amount of Net capital gain. The SMSF net capital gain is the total capital gain made for the income year less the current year capital losses, the prior year net capital losses and any other relevant concession. Net capital gains income Dividends - Franked amount: Enter the amount of the franking credits attached to dividends and non-share dividends that the SMSF received. Franking credits reduce the amount of tax that the SMSF owes. Franking credits in excess of the tax payable will be refunded if the SMSF is a complying superannuation fund. If the franking credit is attached to a dividend considered as non-arm’s length income, include the amount. Do not include any franking credits attached to assessable dividends received directly or indirectly from a New Zealand franking company. Franked dividend income amount Capital works deductions: Enter the total deduction amount for qualifying capital works for the income year. Qualifying capital works are buildings (or an extension, alteration or improvement to a building), structural improvements (or extensions, alterations or improvements to structural improvements), and environmental protection earthworks, which have a construction expenditure area for which there is a pool of construction expenditure, and which the taxpayer uses for the purpose of producing assessable income or carrying on research and development activities. Capital works deductions Deduction for decline in value of depreciating assets: Enter the total amount of a taxpayer's deduction for decline in value for an income year of depreciating assets the taxpayer held for any time during the income year. Deduction for decline in value of depreciating assets Forestry managed investment scheme deduction: Enter the total amount of deductible payments made to an Forestry Managed Investment Scheme (FMIS). Forestry managed investment scheme deduction Forestry managed investment scheme income: Enter the total income from forestry interests the SMSF holds in its Forestry Managed Investment Scheme. Forestry managed investment scheme income Net foreign income: Enter the assessable income which the SMSF derived from foreign sources, including New Zealand dividends and supplementary dividends to which you: - add the foreign tax you paid on that assessable income to give you the "gross" or pre-tax value, and - from which you substract expenses, including attributed foreign income. Do you show net foreign source capital gains here. This field can be positive (income) or negative (loss). Net foreign income Gross distribution from partnerships: Enter the gross distributions from all partnerships. If the distribution includes an amount of foreign income, including New Zealand franking company dividends and supplementary dividends, include that portion of the distribution whilst taking it into account to calculate net foreign income. Include any amounts subject to foreign resident withholding that were distributed to the SMSF from a partnership. Also include the SMSF’s share of credit from foreign resident withholding. A credit can be claimed for the SMSF’s share of credit from foreign resident withholding in the calculation statement at the relevant field. Gross distribution from partnerships income Gross rent and other leasing and hiring income: Enter the gross rent and other leasing and hiring income. This inludes all the rental income from land and buildings, and all income from leasing and hiring. This amount cannot be a loss. Do not include any rental income distributed from a trust at this field. Gross rent and other leasing and hiring income Taxable income/loss: Enter the taxable income or loss by subtracting total deductions from total assessable income. This is a mandatory field. Taxable income or loss Gross distribution from trusts: Enter the total amount of gross distributions from trusts to the SMSF. Gross distributions from trusts may contain unfranked dividends,franked dividends, franking credit attached to these dividends, and other assessable distributions. For franked dividends, as for franked non-share dividends, the amount is the ‘grossed up’ amount, that is, add the attached franking credits amounts to the franked amounts. If the distribution includes an amount of foreign income, including New Zealand franking company dividends and supplementary dividends, include that portion of the distribution at Gross foreign income and take it into account in calculating Net foreign income. Include any amounts subject to foreign resident withholding that were distributed to the SMSF from a trust. Also include the SMSF’s share of credit from foreign resident withholding. A credit can be claimed for the SMSF’s share of credit from foreign resident withholding in the calculation statement. All income received from stapled securities should be included. The amount at gross trust distributions cannot be a loss. Gross distribution from trusts income Credit for interest on early payments - amount of interest: Enter the calculated interest amount of 50 cents or more for early payments. Do not include payment amounts. Credit for interest on early payments Gross interest: Enter the amount of Gross interest from all sources received by the SMSF. This amount cannot be a loss. Do not include non-share dividends received from holding a non-share equity interest. If the SMSF holds such an interest, then a Dividends and Interest Schedule must be completed and submitted with this Return. Do not include any interest distributed from a trust in this field. Do not include any interest income derived from foreign sources in this field. Gross interest income Tax losses deducted: Enter the tax losses the SMSF is claiming. This amount is equal to the SMSF’s tax losses brought forward less the amount of the SMSF’s net exempt income. The SMSF’s net exempt income is the SMSF’s gross exempt income less the expenses incurred in deriving that income. Do not show net capital losses at Tax losses deducted. Tax losses deducted Australian franking credits from a New Zealand company: Enter the amount of Australian franking credits attached to dividends received from a NZ company. The franking credits should be reduced by the amount of any supplementary dividend also received with the distribution. Australian franking credits from a New Zealand company income Transfers from foreign funds: Enter all assessable amounts transferred to an Australian superannuation fund from a foreign superannuation fund that were in excess of what was vested in the member at the time of transfer. Include amounts transferred to an Australian superannuation fund from a foreign fund by way of a written choice made by members of the SMSF. Transfers from foreign funds income s102AAM interest: Enter the amount of interest calculated under section 102AAM for a distribution received from a non-resident trust. Section 102AAM of the Income Tax Assessment Act (ITAA) 1936 imposes an interest charge on certain distributions from non-resident trusts. Interest charged under Section 102AAM of the Income Tax Assessment Act 1936. Number of transfers from foreign funds: Enter the number of transfers received from foreign funds for the current income year. The number of transfers from foreign funds that make up the foreign funds income. Gross Payments where ABN not quoted: Enter all gross payments made to the SMSF that were subject to withholding where an Australian Business Number (ABN) was not quoted. Gross payments include amounts withheld. A Non-individual PAYG payment summary should be completed and include the gross payment amount for any corresponding credit shown at the relevant field. Gross Payments where ABN not quoted income Other income action code: Enter the code that best describes the greatest amount of other income. The codes are: 'F' - Forex gains, 'C' - LIC capital gains amount, 'B' - Assessable balancing adjustment amount, 'R' - Rebate or refund of premium paid to provide death or disability benefits, 'W' - Gross payments subject to foreign resident withholding, 'O' - Other income received not covered by the previous codes, or 'T' - TOFA gains or assessable TOFA balancing adjustment Other income action code Death or disability premiums: Enter the deductions for insurance premiums paid by a complying Fund to provide superannuation benefits upon death or temporary or permanent disability of the member. Death or disability premiums deduction Death benefit increase: Enter the increased amount of superannuation lump sum death benefits. This deduction is available to an SMSF that has been complying since 1 July 1988 or since established, if later. The SMSF can deduct an amount where it increases (or does not reduce) a superannuation lump sum death benefit so that the death benefit amount is not reduced because of the tax on contributions (the ‘tax saving amount’). Death benefit increase deduction Investment expenses: Enter the amount of expenses of a revenue nature incurred in deriving investment income, unless the expense is more appropriately shown at another field. Do not include any amount that is entered at the Management and Administration Expenses field. Investment expenses deduction Management and administration expenses: Enter the amount of expenses of a revenue nature incurred in the management and administration of superannuation entities, unless the expense is more appropriately shown at another field. Do not include the expense of the approved auditor. Management and administration expenses deduction Interest expenses overseas: Enter the deductible interest incurred on money borrowed from overseas sources to acquire income-producing assets, finance operations, or meet current expenses. Overseas interest expenses deduction Interest expenses within Australia: Enter the deductible interest incurred on money borrowed from Australian sources to acquire income-producing assets, finance operations, or meet current expenses. Interest expenses within Australia deduction TOFA balancing adjustment: Enter the amount of the TOFA balancing adjustment. Where a taxpayer makes the transitional election to bring in their existing financial arrangements they must perform a balancing adjustment calculation. This amount will be used to calculate a TOFA taxpayer's PAYG instalment income. Taxation of financial arrangements balancing adjustment Dividends - Unfranked amount: Enter the total amount of unfranked dividends and unfranked non-share dividends that the SMSF received, but do not include unfranked distributions from a New Zealand franking company, or the unfranked part of a distribution from a Pooled Development Fund (PDF). The unfranked part of the distribution is exempt from income tax and is not included in the SMSF’s assessable income. However, this amount of exempt income must be taken into account when working out the amount of tax loss. Dividends - Unfranked amount Dividends - Franking credit: Franking credits may be offset against the tax on all taxable income of an SMSF, including taxable contributions and capital. Enter the amount of the franking credits attached to dividends and including non-share dividends received. Dividend franking credit Total amount of tax payable (+) or refundable (-): Enter the balance of tax payable or refundable, as indicated on the annual return. The amount does not take into account any interim or voluntary payments the SMSF has made against its income tax liability for the income year. If the SMSF has made such payments, take these into account in calculating the final payment but do not show the interim or voluntary payments amounts on this annual return. After the SMSF’s annual return is processed and it's tax liability is assessed, the Tax Office will issue a notice of assessment with a due date for payment. This is a mandatory field. Total amount of tax payable or refundable Credit - Interest on no - TFN tax offset: Enter the Interest on the no-TFN tax offset. Interest on the no-TFN tax offset is only payable if all the following conditions are met: - a member of the fund provided their TFN to their employer before the end of an income year (the past year), - the employer was required by section 299C of the SISA to inform the fund of the individual’s TFN by the end of the past year, but did not provide the TFN to the fund, - as a result, the contributions made in respect of that member were no-TFN-quoted contributions in that past year, - an amount of additional tax (which is the interest-bearing tax) that was payable in respect of the no-TFN-quoted contributions counts towards the no-TFN tax offset under Subdivision 295-J of the ITAA 1997 for an income year (the current year) for the fund, - the no-TFN tax offset under that subdivision is applied when assessing the fund for the current year. The interest is payable on each amount of interest-bearing tax. Interest on tax that counts towards the no-TFN tax offset is calculated for the period between the later of: - the day on which the amount of interest-bearing tax was paid, or - the day by which the amount of interest-bearing tax was required to be paid, and - the date on which the fund lodges its tax return for the current year (which is deemed to be the date on which the current year assessment is made). The date of payment of the interest-bearing tax is either: - the date shown on the receipt; or - the date payment is mailed to us plus three business days. If the relevant interest period extends over two or more quarters, calculate the interest for the number of days in each quarter. The rate of interest payable on the interest-bearing tax is the base interest rate determined under section 8AAD of the TAA 1953. Credit - Interest on no - TFN tax offset Credit - refundable National rental affordability scheme tax offset: The national rental affordability scheme (NRAS) is designed to encourage large-scale investment in affordable housing. The NRAS offers incentives to providers of new dwellings on the condition that they are rented to low and moderate income households at 20 per cent below market rates. The refundable tax offset is only available where the Housing Secretary from the Department of Families, Housing, Community Services and Indigenous Affairs has issued a certificate under the NRAS. In order to claim the offset in any income year (ie. 1 July to 30 June), the NRAS certificate must relate to the NRAS year comprising the period 1 July to 30 April. Credits for refundable National rental affordability scheme tax offset Rebates and tax offsets: Enter the total of rebates and tax offsets available. Do not enter the amounts giving rise to the tax rebate and tax offset. If the SMSF is complying, do not include franking credits that relate to dividends (including non-share dividends) received nor assessable dividends from a New Zealand franking company. These need to be included at the the Credit:refundable franking credits field. If the SMSF received a distribution of business income from a trust which was a small business entity with an aggregated turnover of less than $75,000, the SMSF may be eligible for the entrepreneurs tax offset. Credit for rebates and tax offsets Credit - no -TFN tax offset: Enter the the amount of no-TFN tax offset claimed. An SMSF is entilted to a refundable no-TFN tax offset for the current income year if: - tax was payable by the fund on an amount of no-TFN contributions in one of the most recent three income years ending before the current year, and - the amount of no-TFN contributions income was a contribution made to the fund to provide superannuation benefits for an individual who provided their TFN to the fund for the first time in 2008–09. Credits for no -TFN tax offset Member - CGT small business 15 year exemption amount: Enter the capital proceeds from the disposal of assets that qualify for the small business 15-year exemption, or would qualify for the small business 15-year exemption, except pre-CGT assets, there was no capital gain, or the 15-year holding period was not met because of the permanent incapacity of the person (or a controlling individual of a company or trust). To enter an amount at the CGT small business 15 year exemption amount field, the SMSF must have received a completed Capital gains tax cap election from the member. To show an amount in this field, the SMSF must have received a completed Capital gains tax cap election from the member at or before the time the member made the contribution. Member contributions - Capital Gains Tax small business 15 year exemption amount Member - CGT small business retirement exemption: The small business retirement exemption amount includes up to $500,000 of capital gains that are disregarded under the Capital Gains Tax (CGT) small business retirement exemption. Enter the amount of CGT small business retirement exemption. To enter an amount at CGT small business retirement exemption, the SMSF must have received a completed Capital gains tax cap election from the member. The maximum amount that can be excluded from the caps and shown is $500,000. Any amounts in excess of the $500,000 limit that the member chooses to contribute must be reported as 'Personal Contributions'. Do not show the 'small business retirement exemption amount' Member Capital Gains Tax small business retirement exemption Member - Employer contributions: The amount entered should include gross contributions made by an employer on behalf of an employee who is a member of an accumulation fund. For employees who are members of a defined benefit fund, provide the notional taxed contributions. Do not include contributions field with contributions made by an employer on behalf of their employee from the employee’s after-tax pay (these are reported at Personal contributions field), a directed termination payment that an employer pays to a superannuation provider on behalf of an employee (these are reported at Directed termination (taxable component) payments field). Member employer contributions Member - Other family and friend contributions: Superannuation gross contributions can be made by anyone on behalf of a member. Enter contributions made for the member by either a spouse living separately and apart on a permanent basis from the member, a parent, child or other relative, a friend, or any other third party other than an employer or a spouse who is living with the member. Also enter amounts reported on a Rollover benefits statement which the SMSF received from a transferor provider. Do not include this field : - contributions are included at any field other than the Total contributions field - contributions made under a family law obligation by an FHSA provider from the FHSA of the spouse or former spouse of the member must be reported at 'Spouse and child contributions'. - contributions are made for a member under 18 years of age. - Other family and friends contributions to the extent they have been rolled out to another fund. Member other family and friend contributions Member - Assessable foreign superannuation fund amount: Enter the gross amount transferred from a foreign superannuation fund or scheme that exceeds the amount that was vested in the member at the time of transfer that is included in the assessable income of the SMSF. Enter the gross amounts on a Rollover benefits statement which the SMSF received from a transferor provider. Do not include that part of the amount transferred from a foreign superannuation fund or scheme that does not exceed the amount that was vested in the member at the time of transfer. Member contributions- assessable foreign superannuation fund amount Member - Non-assessable foreign superannuation fund amount: Enter the gross amount transferred from a foreign superannuation fund or scheme that is not included in the assessable income of the SMSF. Do not include that part of the amount transferred from a foreign superannuation fund or scheme that is included in the assessable income of the SMSF if the amount transferred to the SMSF exceeds the amount that was vested in the member in the foreign superannuation fund or scheme at the time of the transfer. Member contributions- Non-assessable foreign superannuation fund amount Member - Personal contributions: Enter the total amount of gross contributions made to the SMSF by the member. The total amount of contributions should include contributions made by an employer on behalf of the member from the member’s after-tax pay, contributions made by the member on their own behalf, whether or not the contributions have been claimed or can be claimed as a tax deduction by the member, contributions arising from a personal injury payment that are not shown at Personal injury election, and contributions arising from capital gains that do not qualify for either the CGT small business exemptions listed under CGT small business retirement exemption or CGT small business 15-year exemption amount. Do not include: the taxable component of a directed termination payment - include at directed termination (taxable component) payments; a rollover superannuation benefit - show it at inward rollover amounts or any other contributions; a superannuation lump sum from a foreign superannuation fund or scheme - show it at assessable or non-assessable foreign superannuation or any other contributions; contributions made by the member’s spouse, other family members or friends - show them at spouse and child contributions or other family and friend contributions; capital gains that are disregarded under the CGT small business retirement exemption - show them at CGT small business retirement exemption; capital proceeds from the disposal of assets that qualify for the small business 15-year exemption - include this information at the CGT small business 15-year exemption amount field; and personal injury payment amounts that were made under an exemption about the which the member informed the SMSF before making the contribution - include this information at personal injury election field. Personal contributions funded by: - personal injury payments that are not shown at 'Personal injury election', - the proceeds of the sale of assets, other than amounts shown at 'CGT small business retirement exemption' or 'CGT small business 15- year exemption amount If a member elected to exclude more than $500,000 under the CGT small business retirement exemption amount, include only $500,000 at 'CGT small business retirement exemption' and the excess at 'Personal contributions'. Member personal contributions Member - Total contributions: Enter the total of all the gross amounts contributed to, received by, credited or otherwise attributed to the member’s account for the income year before any tax or expenses were debited to the member’s account. This amount must be equal to or greater than the sum of labels listed under contributions. Member - Total contributions Assessable personal contributions: Enter the total assessable amount of personal contributions. The trustee of an SMSF is to treat personal contributions as assessable contributions only if the contributor has provided a valid notice stating their intent to claim a deduction for their contributions. From 1 July 2007, a self-employed person and other eligible individuals can claim a full deduction for superannuation contributions provided the following conditions are met. The person can deduct personal contributions, even if they receive some income as an employee if less than 10% of the sum of a person’s assessable income and reportable fringe benefits are attributable to employment as an employee. To be eligible for the deduction, the person must have given a notice to the trustee of a SMSF of their intention to claim a deduction before lodging a tax return for the income year in which the contribution was made or the end of the income year following the year the contribution was made. The person must also have received an acknowledgment from the trustee of receipt of the notice. The self-employed person can only claim a deduction in the income year in which the contribution is made. Assessable personal contributions Member - Personal injury election: Enter all personal injury payment amounts that were made under an exemption, and about which the member informed the SMSF before, or when, the member made the gross contribution (to ensure its exclusion from the non-concessional contributions cap). The amounts included in this field must arise from either a structured settlement payment, an order for a personal injury payment or a lump sum workers compensation payment. Member contributions - personal injury election Member - Spouse and child contributions: Enter contributions made by a member’s spouse, contributions made on behalf of a member under 18 years of age – that is, gross contributions that are not made by the member nor by (or on behalf of) the member’s employer, amounts on a Rollover benefits statement which the SMSF received from a transferor provider. Do not include contributions when spouses have separated and are living apart on a permanent basis, made by a member who is under 18 years of age, or made by (or on behalf of) the members' employer. Member spouse and child contributions Member - Any other contributions (including Super Co-contributions): Enter any other gross contributions that are received on behalf of the member but not reported at any of the other fields, such as Super Co-contributions received for the member, tax-free component of a directed termination payment, so much of the amount transferred from a foreign superannuation fund or scheme that the member chose to have included in the SMSF’s assessable income, and amounts on a Rollover benefits statement which the SMSF received from a transferor provider. Do not include at this field an amount credited to the member’s account from a contributions split for a spouse. Member - any other contributions (including Super Co-contributions) Member - Transfer from reserve: assessable amount: Enter assessable gross amounts transferred from reserves, and assessable gross amounts on a Rollover benefits statement which the SMSF received from a transferor provider. The assessable amount is the amount that is taken to be a concessional contribution because the SMSF allocated an amount to the member’s account from a reserve. The amount taken to be a concessional contribution may be greater than the amount actually allocated to the member’s account. Member contributions- transfer from reserve: assessable amount Member - Transfer from reserve: non-assessable amount: Enter the non-assessable gross amounts transferred from reserves, and the non-assessable gross amounts Rollover benefits statement which the SMSF received from a transferor provider. The non-assessable gross amount is the amount that is taken to be a non-concessional contribution because of an allocated amount to the member’s account from a reserve that was not included as assessable income of the SMSF. Member contributions- transfer from reserve: non-assessable amount Member - Outward rollover amounts: Enter all the amounts that the member transferred out of the SMSF to another superannuation fund, Retirement Savings Account (RSA) provider, Approved Deposit Fund (ADF) or deferred annuity. The SMSF should have completed a Rollover Benefits Statement for this transfer. If the amount is less than zero, report the negative amount at 'Allocated earnings or losses' and report zero in this field. Member other transactions- Outward rollover amounts Member - Inward rollover amounts: Enter all the gross amounts that the member transferred into the SMSF from another superannuation fund, Retirement Savings Account (RSA) provider, Approved Deposit Fund (ADF) or deferred annuity. Member other transactions- Inward rollover amounts Other deductions: Enter the total amount of all other deductions that do not fall into any of the other categories. Other deductions Other deductions action code: Enter the code that best describes the greatest amount for other deductions. The existing codes are: 'A' - Deductible balancing adjustment, 'B' - Contribution that is a fringe benefit, 'C'- Exclusion of personal contributions, 'E' - Environment protection expenditure, 'F' - Foreign exchange losses, 'I' - Listed investment company capital gain amount, 'N' - Deduction relating to foreign non-assessable non-exempt income, 'O' - Other deductions not listed above, 'R' - Return of contributions by non-complying funds, 'T' - TOFA losses or TOFA balancing adjustments. A deduction cannot be claimed against the assessable income of the SMSF for benefits paid. There is no provision (for SMSFs) to transfer or pass on deductions to other entities (for example, life insurance companies or PSTs). Other deductions action code Total TOFA losses: Enter all TOFA 3 & 4 losses sourced in Australia and overseas. Total taxation of financial arrangements losses Exempt current pension income: Enter the exempt current pension income amount. Gross income of a complying SMSF derived from assets held to provide for current ‘pension liabilities’ is exempt from income tax. This gross income would have been included in the income amount. To ensure that that income is not taxed, it is necessary to deduct an identical amount at the Exempt current pension income field. The exemption on current pension income applies to all SMSFs currently paying pensions. It does not provide an automatic exemption of the SMSF’s total income as certain conditions must be met to obtain an exemption. There are two methods by which the trustee of an SMSF can determine the exempt current pension income. Either one method or both methods may be used depending on the circumstances. Different conditions for claiming the exemption apply depending on the method used. Exempt current pension income deduction Assessable income due to fund tax status change: Enter the amount that is to be included in the SMSF's assessable income as a result of a change in tax status of the SMSF. An SMSF that changes from complying to non-complying , or an SMSF that is not an Australian superannuation fund that becomes an Australian superannuation fund, must calculate the amount of ordinary income and statutory income from previous years and include these amounts in the assessable income of the Fund in the year the status of the SMSF changed. Assessable income due to a change in tax status of the fund Total TOFA gains: Total revenue gains from relevant hedging financial arrangements, which hedges an underlying item which is an asset subject to capital allowances (this means the gains or losses will be revenue in character and may be recognised over the life of the hedged item). Total taxation of financial arrangements gains Gross foreign income: Enter the gross assessable income derived by the SMSF from foreign sources, including New Zealand dividends and supplementary dividends. Do not include any Australian franking credits attached to New Zealand dividends at this field. If the SMSF received a distribution of foreign source income from a partnership or trust, include here. Do not include this amount at Gross distributions from partnerships, or Gross trust distributions. An Australian superannuation fund makes a capital gain if a Capital Gains Tax (CGT) event happens to any of its worldwide asset. An SMSF which is not an ‘Australian superannuation fund’ makes a capital gain if the asset is taxable Australian property just before the CGT event happens. Do not include here any capital gains made from these assets. Gross foreign income Net other non-arm's length income: Enter any income (other than private company dividends or trust distributions) derived by the SMSF from a transaction that is non-arm’s length income. Income is non-arm’s length income if the parties to a transaction or a series of transactions are not dealing at arm’s length and the income derived from the transaction is greater than might have been expected had the parties been dealing at arm’s length in relation to the transaction. Net other non-arm's length income Net non- arms length private company dividends: Enter the net amount of non-arms length private company dividends. Net non- arms length private company dividends income Net non-arm's length trust distributions: Enter the net amount of non-arms length trust distributions. Net non-arm's length trust distributions income Other income: Enter the assessable amount of any income received that does not fall into any of the other categories. Include any assessable forex gains that have not been shown at any other category of income. Other income Approved auditor fee: Enter the amount charged for the services of the approved auditor. An amount must be included at this field even if there was no fee, for instance, for the first year of operation the fee is charged in the following income year, in which case, enter a zero. Approved auditor fee deduction The No-TFN quoted contributions tax is the amount of additional tax payable on no-TFN quoted contriubitions. No-TFN quoted contributions tax Did you make a gain, loss or balancing adjustment from a financial arrangement subject to the TOFA rules?: Set the field to TRUE if the answer to this question is Yes. Otherwise set the field to FALSE. Did you make a gain, loss or balancing adjustment from a financial arrangement subject to the TOFA rules? Gross tax: Enter the amount of tax payable before applying any rebates, tax offsets and credits. If no income is quoted, the amount shown is the taxable income amount multiplied by the applicable tax rate. See Appendix 3: Tax rates for more information on the applicable tax rates. Gross tax Credit - foreign income tax offset: Enter the self-determined amount that is the lesser of the foreign tax paid (or taken to have been paid), and the Australian tax payable. To calculate foreign tax credit, please refer to the Foreign income return form guide, available on www.ato.gov.au, and the guide titled How to Claim a Foreign Tax Credit. If the SMSF received franked distributions directly or indirectly from a New Zealand franking company, please refer to the Trans-Tasman imputation. Credit: foreign income tax offset Credit - refundable franking credits: Enter the amount of franking credits attached to dividends received, including non-share dividends and assessable dividends from a New Zealand franking company. Credit for refundable franking credits Credit - foreign resident withholding: Enter the total amount of tax withheld from payments subject to foreign resident withholding. This includes any distributed share of foreign resident withholding credits distributed to the SMSF from a partnership or trust. Credit for amounts withheld from foreign residents Credit - ABN/TFN not quoted (non individual): Enter the total tax withheld from payments subject to withholding where the SMSF's Australian Business Number (ABN) or Tax File Number (TFN) was not quoted. This amount equals the sum for the amounts informing the Non-individual PAYG payment summary schedule, and any amounts withheld from investments where the SMSF’s TFN has not been quoted to the financial institution. If a credit is entered at the Credit - ABN/TFN not quoted (non individual) field for tax withheld where an ABN or TFN was not quoted, the corresponding gross payment must be declared and be included at the Gross payments where ABN not quoted under income field. Do not include any contributions that have been received by the SMSF where no TFN has been quoted; these should be included at the No TFN quoted contributions under income field. Credit for amounts withheld where an ABN/TFN was not quoted (non individual) Credit - TFN amounts withheld from payments from closely held trusts - The amount of credit for TFN amounts withheld from payments from closely held trusts due to the TFN not being provided. This is positioned in the 'Annual Trustee payment report Information' section of the statement of distribution for each beneficiary. Credit TFN amounts withheld from payments from closely held trusts PAYG instalments raised: Enter the total of the SMSF's Pay As You Go (PAYG) instalments for the income year, whether or not the instalments have actually been paid. Credit for Pay As You Go instalments raised Supervisory levy: The amount for the supervisory levy is already included as an amount that is the SMSF's annual supervisory levy that must be paid to the Australian Taxation Office. The printed amount on the annual return is not to be changed. This levy is included in the SMSF’s tax assessment calculation, and is paid when the SMSF pays its income tax liability (if any). The supervisory levy is payable even if the SMSF has no tax liability for the year. This is a mandatory field. Self managed superannuation fund annual return supervisory levy Debt securities: Enter the value of any debt securities that the SMSF traded or were available inside Australia. Australian direct investments assets- Debt securities Overseas Other assets: Enter the value of other assets that the SMSF owned that do not fall within any other categories and are located outside Australia. Overseas direct investments- Overseas Other assets Other assets: Enter the value of other assets (not falling within any of the listed categories) that the SMSF owned and are located in Australia. Australian direct investments assets - Other assets Total member closing account balances: Enter the total of all member account balances for each member or supplementary member. Overseas direct investments- Total member closing account balances Borrowings: Enter the total amount of borrowings by the SMSF, including accrued interest, at 30 June of the income year. Overseas direct investments- Borrowings Liability information - other liabilities: Enter the total amount of liabilities that cannot be included in borrowings, total member closing account balances, or reserve accounts. Liability information - other liabilities Net capital losses carried forward to later income years: Enter the total of any unapplied net capital losses from collectables and unapplied net capital losses from all other assets and CGT events. This information for this item is transferred from unapplied net capital losses carried forward to later income years of the CGT summary worksheet, or unapplied net capital losses from the CGT schedule, if one is required. If the SMSF must lodge a Losses schedule, the amount shown at Net capital losses carried forward to later income years of that schedule must be the same as the amount informing the Net capital losses carried forward to later income years field on the annual return. Net capital losses carried forward to later income years Family Trust Election revocation - code: A Family Trust Election (FTE) can only be revoked by a SMSF that satisfies the relevant conditions of the Income Tax Assessment Act (ITAA) 1936. Enter either of the allowable codes: 'R' - Revoke, or 'V' - Variation. A Family trust election, revocation or variation schedule must be completed and lodged with this Return if either of the above codes is entered. Otherwise leave this field blank. If varying or revoking a family trust election, provide the appropriate code FMIS product or private ruling - code: If the SMSF has interests in the Forestry Management Investment Scheme, enter either of the allowable codes: 'PR' - Product Ruling, or 'AN' - Private Ruling. This is a mandatory field. Forestry Managed Investment Scheme product or private ruling - code FMIS product or private ruling - number: If the SMSF interests in the FMIS are covered by a product ruling, then enter the product ruling number. Do not enter the slash. Alternatively, if the SMSF’s interests are covered by a private ruling, then enter the authorisation number printed on the front page of the notice of the private ruling. Forestry Managed Investment Scheme product or private ruling - number FMIS product or private ruling - year: If the SMSF interests in the FMIS are covered by a product ruling, then enter the year of the product ruling. This field should remain blank if it is covered by a private ruling. Forestry Managed Investment Scheme product or private ruling - year Overseas managed investments: Enter the value of investments with overseas investment vehicles located outside Australia that the SMSF owned. The different types of investment vehicles are Listed trusts, Unlisted trusts, Insurance policies, and other managed investments. This category includes placements with all external investment managers located overseas. Do not include at this field managed-fund investments registered or located in Australia where the managed fund invests in overseas assets. Overseas direct investments- Overseas managed investments Asset values - other managed investments: Enter the value of other investments in other entities that are located or registered in Australia who invest on behalf of the SMSF in other asset classes not reported in Listed trusts, Unlisted trusts or Insurance policy. This asset category includes investments with all external investment managers and Pooled Superannuation Trusts (PSTs) located or registered in Australia. Australian managed investment asset- other managed investments Reserve Accounts: Enter the total amount of assets not allocated to members at 30 June of the income year. Reserve accounts Listed shares: Enter the value of public shares and equities that the SMSF held within Australia and traded on Australian Stock Exchanges. This category relates to shares, equities and similar financial contracts that are traded on Australian stock exchanges, excluding debt securities. Do not include at this field investments in listed trusts. Australian direct investments assets- Listed shares Unlisted shares: Enter the value of private shares that the SMSF held within Australia that are not listed on Australian Stock Exchanges. This category refers to shares, equities and similar financial contracts that are not listed on Australian stock exchanges but are located in Australia. Do not include at this field investments in unlisted trusts. If an amount entered at the Unlisted shares filed, an amount must also be entered at the Net non-arm’s length income field if the amount is not consistent with an arm’s length dealing. Australian direct investments assets- Unlisted shares Overseas shares: Enter the value of public and private shares that the SMSF held outside Australia. Do not include at this field investments in listed or unlisted trusts. Overseas direct investments- Overseas shares Overseas non residential real property: Enter the value of non-residential real property that the SMSF owned that is located outside Australia. Do not include at this field investments in non-residential real property located inside Australia. Overseas direct investments- Overseas non residential real property Non residential real property: Enter the value of non-residential real property that the SMSF owned that is located inside Australia. Do not include at this field non-residential real property located outside Australia. Australian direct investments assets - Non residential real property Overseas Residential real property: Enter the value of residential real property owned by the SMSF that is located outside Australia. Do not include at this field if the place of residence is suitable for occupation, but is used for commercial purposes. Do not include at this field investments in real residential property located inside Australia. Overseas direct investments- Overseas residential real property Residential real property: Enter the value of residential real property that the SMSF owned that is located inside Australia. Do not include at this field investments in real property located outside Australia. Australian direct investments assets - Residential real property Asset values - life insurance policies: Enter the value of life insurance policies that the SMSF owned and that were issued by an organisation registered under the Life Insurance Act 1995. Australian managed investment asset- life insurance policies Assets - Listed trusts: Enter the value of listed trust units that the SMSF owned and traded on an Australian Stock Exchange. Australian managed investment asset- Listed trusts Assets - Unlisted trusts: Enter the value of unlisted trust interests that the SMSF held and were registered or located inside Australia. Australian managed investment asset- Unlisted trusts Small business and general business tax break: Enter the deduction amount claimed for the small business and general business tax break. The tax break, in form of an investment allowance, is now available for expenditure on eligible new tangible depreciating assets. Small business and general business tax break deduction Derivatives and instalment warrants: Enter the value of derivative and instalment warrant investments that the SMSF purchased or traded inside Australia. Do not include at this field investments in hybrid securities. Australian direct investments assets- Derivatives and instalment warrants Cash and term deposits: Enter the value in Australian currency of all cash accounts and term deposits that the SMSF held (including accounts with financial institutions or other similar organisations) with any Australian financial institution. Australian direct investments assets- Cash and term deposits Artwork, collectibles, metal or jewels: Enter the total value of artwork, collectables, metal or jewels that the SMSF owned and stored in Australia. Australian direct investments assets - Artwork, collectibles, metal or jewels Asset values - loans: Enter the value of loans that the Self Managed Superannuation Fund (SMSF) held or negotiated within Australia. Australian direct investments assets - loans Date audit was completed: Enter the date the audit was completed. SMSF's are required to be audited every income year that they operate, even if no contributions or payments were made in that income year. If the audit has not been completed, the annual return will not be accepted. This is a mandatory field. Date audit was completed? Was the audit report qualified?: Set the field to TRUE if the audit report was qualified. Otherwise set the field to FALSE. This is a mandatory field. Was the audit report qualified? SMSFARLodgeRequest [Abstract] ReportingParty Primary Items [Abstract] ReportingParty Closing Primary Items [Abstract] ReportingParty Foreign Primary Items [Abstract] ReportingParty Foreign Closing Primary Items [Abstract] ReportingParty Australian Primary Items [Abstract] ReportingParty Australian Closing Primary Items [Abstract] ReportingParty TOFA Primary Items [Abstract] ReportingParty Y0Plus Closing Primary Items [Abstract] Intermediary Primary Items [Abstract] Auditor Primary Items [Abstract] ForestryManagedInvestmentSchemeRulingInformation MemberInformation TrusteeOrDirector