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 address - Currency code: The auditor's postal address currency code must be 'C' - (current). This is a mandatory field. SMSF Auditor 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. SMSF 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. SMSF 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. SMSF 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. SMSF 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. SMSF 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. Otherwise 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. SMSF Auditor 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. SMSF Auditor current postal address - Postcode Current postal address - State: Enter the code, as per the allowable codes listed in the taxonomy, for 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 State or Territory, as per the allowable codes listed in the taxonomy, of the approved auditor's postal address. This is a mandatory field. SMSF 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 Auditor phone area code: Enter the area code of the telephone number of the approved auditor. SMSF Auditor 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 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 Auditor phone number: Enter the phone number of the approved auditor. This is a mandatory field. SMSF Auditor 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 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 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. SMSF Auditor 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 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 Auditor Telephone Usage Code: The telephone usage code should be 03 (Contact) for the SMSF's Auditor. This is a mandatory field. SMSF Auditor 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 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 Self managed superannuation fund - currency code: The Self managed superannuation fund name currency code must be set to C for Current. This is a mandatory field. Name of self managed superannuation fund - organisation name currency code Non individual trustee name - currency code: The non individual trustee name currency code must be set to C for Current. Name of non individual trustee - organisation name currency code Tax agent organisation name currency code Self managed superannuation fund - Name type code: The self managed superannuation fund name type code must be set to MN for Main or legal name. Name of self managed superannuation fund - organisation name type code Non individual trustee- Name type code: The non individual trustee name type code must be set to MN for Main or legal name. Name of non individual trustee - organisation name type code Tax agent organisation name type code Self managed superannuation fund name Non individual trustee name: Enter the full title of the Non individual trustee's name by which it trades or is recognised under. The Non individual trustee name should be consistent from year to year, except in the year of a name change. If the Non individual trustee's name is legally changed, advise the Tax Office in writing at the time the change is made. This is a mandatory field. Non individual trustee name 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 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 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 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 Auditor Person Name Currency Code: The person name currency code should be C (current) for the SMSF Auditor. This is a mandatory field. SMSF Auditor 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 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 Member - Family name: Enter the name of the member as previously notified to the Tax Office. This is a mandatory field. Member family name Auditor family name: Enter the family name of the approved auditor who has completed the audit report. This is a mandatory field. SMSF Auditor family name Tax agent family name: Enter the family name of the tax agent contact. This is a mandatory field. Tax agent family 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 Member - First given name: Enter the name of the member as previously notified to the ATO. Member - 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. SMSF Auditor 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 Suffix: If appropriate, enter the suffix of the preferred trustee or director of the SMSF as per the allowable codes listed in the taxonomy. Trustee or director name suffix Member - Suffix: If applicable, enter the suffix of the member as per the allowable values listed in the taxonomy. Member 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. SMSF Auditor 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 Other given names: Enter the second or subsequent names of the preferred trustee or director of the SMSF. Trustee or director other given names 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 Auditor other given name: Enter the second or other given names of the approved auditor who has completed the audit report. SMSF Auditor other given name Tax agent other given names: If applicable, enter the second or subsequent names given to the tax agent contact. Tax agent other given names 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 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 Auditor Person Name Type Code: The person name type code should be LGL (legal name) for the SMSF Auditor. This is a mandatory field. SMSF Auditor 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 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 Member - Title: Enter title of the member as per the allowable codes listed in the taxonomy. Member 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. SMSF Auditor 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 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. Self managed superannuation fund 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. SMSF Auditor postal address - usage code 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. SMSF Auditor current postal address - Country code 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. SMSF Auditor postal address - Country name Which professional body does the auditor belong to? Which professional body does the auditor belong to?: Enter the appropriate code which best describes the approved auditor’s professional body and status. If more than one code applies to the approved auditor, enter the first applicable code. '1' - Registered company auditor '2' - Member of CPA Australia '3' - Member of the ICA Australia '4' - Member of the IPA '5' - Member or fellow of the ATMA '6' - Fellow of the NTAA '7' - A specialist auditor of the SMSF Professionals' Association of Australia (SPAA) '8' - Member of IAA 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Gross distribution from trust income action 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 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 Auditor Person Name Usage Code: The person name usage code should be 'Contact' for the SMSF's Auditor. This is a mandatory field. SMSF Auditor 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 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 accepted 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: A number (1-8) that identifies the SMSF member. You must provide member information in relation to all current members and former members, who held an interest in the fund at any time during the year, including: - those for whom no contributions were made during the year, as well as - those for whom you are reporting a nil closing account balance. Report all current members at 30 June, regardless of their account balance. Include all members who receive an income stream payment from the SMSF who hold an interest in the fund at 30 June. Also report deceased members and all former members who left the fund during the year, for example by either rolling out their benefits or being paid a lump sum. If there are more than eight (8) current, deceased and former mebers to be reported, please contact the ATO. 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 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. Member tax file number 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Transfers from foreign funds income Debt securities: Enter the value of any debt securities that the SMSF traded or were available inside Australia. Australian direct investments assets- Debt securities Australian direct investments assets - Other assets The value of other assets that the SMSF owned but that do not fall within any of the categories listed above but are located in Australia. Include at this label derivatives. Do not show instalment warrants here – show them at label J Limited recourse borrowing arrangements. Australian direct investments assets - Other assets 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 Total member closing account balances: Enter the total of all member account balances for each member or supplementary member. 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. 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. Other liabilities Limited recourse borrowing arrangements Enter the total value of the limited recourse borrowing arrangements (which includes instalment warrants) that the SMSF entered into inside Australia. This value is the sum of limited recourse borrowing arrangements for Australian residential real property, Australian non-residential real property, overseas real property, Australian shares, overseas shares and other assets. Limited recourse borrowing arrangements Limited recourse borrowing arrangements - Australian residential real property Limited recourse borrowing arrangements - Australian residential real property Enter the value of Australian residential real property that is held under a limited recourse borrowing arrangement. An amount recorded at this element should not be reported again at the Asset label Australian direct investments assets - Residential real property. Limited recourse borrowing arrangements - Australian non-residential real property Limited recourse borrowing arrangements - Australian non-residential real property Enter the value of Australian non-residential real property that is held under a limited recourse borrowing arrangement. An amount recorded at this element should not be reported again at the Asset label Australian direct investments assets - Non-residential real property. Limited recourse borrowing arrangements - Overseas real property Limited recourse borrowing arrangements - Overseas real property Enter the value of Overseas real property that is held under a limited recourse borrowing arrangement. An amount recorded at this element should not be reported again at the Asset label Overseas direct investments assets - non-residential real property or Overseas direct investments assets - residential real property. Limited recourse borrowing arrangements - Australian shares Limited recourse borrowing arrangements - Australian shares Enter the value of Australian shares that is held under a limited recourse borrowing arrangement. An amount recorded at this element should not be reported again at the Asset label Australian direct investments assets - Listed shares or Australian direct investments assets - Listed shares. Limited recourse borrowing arrangements - Overseas shares Limited recourse borrowing arrangements - Overseas shares Enter the value of overseas shares that is held under a limited recourse borrowing arrangement. An amount recorded at this element should not be reported again at the Asset label Overseas direct investments- Overseas shares. Limited recourse borrowing arrangements - Other Limited recourse borrowing arrangements - Other Enter the value of Australian shares that is held under a limited recourse borrowing arrangement. An amount recorded at this element should not be reported again at the Asset label Australian direct investments assets - Other assets or Overseas direct investments- Overseas Other assets. 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 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 Reserve Accounts: Enter the total amount of assets not allocated to members at 30 June of the income year. Reserve accounts 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 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 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 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 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 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 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 Collectables and personal use assets The total value of collectable and personal use asset investments held by the SMSF involving: � artwork (within the meaning of the Income Tax Assessment Act 1997); or � jewellery; or � antiques; or � artefacts; or � coins or medallions or bank notes; or � postage stamps or first day covers; or � rare folios, manuscripts or books; or � memorabilia; or � wine or spirits; or � motor vehicles; or � recreational boats; or � memberships of sporting or social clubs Artwork includes a painting, sculpture, drawing, engraving or photograph or a reproduction of one of these things and any property of a similar description or use. Coins and bank notes are collectables if their value exceeds their face value. Spirits can include (but not limited to), whiskey, gin, vodka, tequila, brandy and rum where their purchase is considered an investment. Collectables and personal use assets 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 Other amounts - deductions: Enter the total amount of all other deductions that do not fall into any of the other categories. Applies to context instance RP.Deductible Other amounts - deductions Other amounts - non-deductible expenses Other amounts - non-deductible expenses: Enter the total amount of expenses for which a deduction could not be claimed and which do not fall into the other categories. Applies to context instance RP.NonDeductible Total SMSF expenses Enter total deductions plus total non-deductible expenses Net capital gains income: 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Net capital gains income Franked dividend 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Franked dividend income amount Forestry managed investment scheme income: Enter the total income from forestry interests the SMSF holds in its Forestry Managed Investment Scheme. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Forestry managed investment scheme 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Gross distribution from partnerships income Gross rent and other leasing and hiring income: Enter the gross rent and other leasing and hiring income. This includes 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Gross distribution from trusts income Decline in value of depreciating assets - deduction: 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. Applies to context instance RP.Deductible Decline in value of depreciating assets - deduction Decline in value of depreciating assets - non-deductible expenses Decline in value of depreciating assets - non-deductible expenses: Enter any amount of capital expenditure for which a deduction could not be claimed. Applies to context instance RP.NonDeductible Total TOFA losses: Enter all TOFA 3 & 4 losses sourced in Australia and overseas. Total taxation of financial arrangements losses 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Assessable income due to a changed 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Net other non-arm's length income Net non- arm's length private company dividends: Enter the net amount of non-arm's length private company dividends. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Net non- arm's length private company dividends income Net non-arm's length trust distributions: Enter the net amount of non-arm's length trust distributions. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Other 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 Insurance premiums - members - deduction: Enter the deductions for insurance premiums paid by a complying SMSF to provide superannuation benefits upon death or temporary or permanent disability of the member. Applies to context instance RP.Deductible Insurance premiums - members - deduction Insurance premiums - members - non-deductible expenses Insurance premiums - members - non-deductible expenses: Enter any part or whole of an insurance premiums paid on behalf of a member for which a deduction cannot be claimed (e.g. where the type of policy may provide for benefits other than upon the death or temporary or permanent disability of the member). Applies to context instance RP.NonDeductible Death benefit increase - deduction: 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’). Applies to context instance RP.Deductible Death benefit increase - deduction Investment expenses - deduction: Enter the amount of deductions for expenses of a revenue nature incurred in deriving investment income, unless the deduction is more appropriately shown at another label. Do not include any amount that is entered at the Management and Administration Expenses field. Applies to context instance RP.Deductible Investment expenses - deduction Investment expenses - non-deductible expenses Investment expenses - non-deductible expenses: Enter any amount of investment expenses for which a deduction cannot be claimed. Do not include any amount that is entered at the Management and Administration Expenses field. Applies to context instance RP.NonDeductible Interest expenses within Australia - deductions: Enter the deductible interest incurred on money borrowed from Australian sources to acquire income-producing assets, finance operations, or meet current expenses. Applies to context instance: RP.JAUS.Deductible Interest expenses within Australia - deductions Interest expenses overseas - deductions: Enter the deductible interest incurred on money borrowed from overseas sources to acquire income-producing assets, finance operations, or meet current expenses. Applies to context instance: RP.JFOREIGN.Deductible Interest expenses overseas - deductions Interest expenses within Australia - non-deductible expenses Interest expenses within Australia - non-deductible expenses: Enter the non-deductible interest expenses incurred on money borrowed from Australian sources to acquire income-producing assets, finance operations, or meet current expenses. Applies to context instance: RP.JAUS.NonDeductible Interest expenses overseas - non-deductible expenses Interest expenses overseas - non-deductible expenses: Enter the non-deductible interest incurred on money borrowed from overseas sources to acquire income-producing assets, finance operations, or meet current expenses. Applies to context instance: RP.JFOREIGN.NonDeductible 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 Unfranked dividend 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Unfranked dividend income amount 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 - amount of interest Gross interest income: 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Gross interest income SMSF auditor fee - deduction: Enter the amount charged for the services of the SMSF auditor for which a deduction can be claimed. 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. Applies to context instance RP.Deductible SMSF auditor fee - deduction SMSF auditor fee - non deductible expenses SMSF auditor fee - non deductible expenses: Enter the amount charged for the services of the SMSF auditor for which a deduction cannot be claimed. 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. Applies to context instance RP.NonDeductible 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 in the Self-Managed Super Fund Annual Return Instructions, available on www.ato.gov.au. Foreign income tax offset 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 at Part B. Otherwise set the field to FALSE. This is a mandatory field. Was Part B of the audit report qualified? 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? 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? 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 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). Do not complete this element if your fund was in full pension phase for the entire year and there was no non-arm's length income or assessable income due to a change of tax status. Assessable employer contributions Transfer of liability to life insurance company 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. The transfer of liability to a Life Insurance Company or Pooled Superannuation 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 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 - 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 - 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Assessable personal contributions 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 and Low Income Superannuation 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 and Low Income Superannuation 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 and Low Income Superannuation 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. Outward amounts less any rolled out contributions at item 15k on RBS 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. Inward amounts less any rolled in contributions reported at A-M TFN not quoted contributions: This is amount is used to determine Assessable contributions. 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Assessable contributions - TFN not quoted contributions For Fund Benefit Structure, enter the appropriate code that best describes the benefit structure of the SMSF. The accepted codes are: A for Accumulation Fund D for Defined Benefit Fund E for a Hybrid Fund This is a mandatory field. What is the fund benefit structure code for the Self managed superannuation fund? Include amounts in two different situations:  If the SMSF received contributions transferred from a non-complying fund during the financial year, include at T the amount of those contributions that were made for the benefit of the member to the non-complying fund on or after 10 May 2006. The remainder of the transferred amount is reported at label M Any Other Contributions.  If the SMSF was itself a non-complying fund and changed status to a complying SMSF during the financial year, include at T the amount of all contributions made for the member on or after 10 May 2006 to the fund when it was non complying. These contributions need to be excluded from the member’s Opening Account Balance. Do not include at T contributions after the fund became complying. These are reported in the appropriate labels A to M. Contributions from non-complying funds and previously non-complying funds Exempt current pension income: Enter any ordinary income and statutory income that a complying SMSF earns from assets held to provide for complying super income stream benefits is exempt from income tax. This is referred to as exempt current pension income. If the SMSF paid an income stream to one or more members during the year enter the total amount of exempt current pension income. Exempt current pension 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no non-arm's length income or assessable income due to a change of tax status. Gross Payments where ABN not quoted income 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. Annual Return status 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. Amendment sequence number Identifies if the lodgment of the amendment is due to an ATO error or a taxpayer error. Amendment type code 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. PAYG 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. Supervisory Levy 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 total of tax on taxable income and tax on no-TFN quoted contributions. Gross tax Tax payable Tax Payable: Enter the amount of tax payable after Refundable tax offsets have been offset against the Subtotal. Tax payable cannot be less than zero. Dividend 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. 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. Amount due or refundable Credit for Interest on no-TFN tax offset: Enter the total calculated interest amount of 50 cents or more for interest payable on the no‑TFN tax offset claimed in the SMSF’s annual return. Do not write the amount of no‑TFN tax offset at this label. 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 for interest on no-TFN tax offset 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 (i.e. 1 July to 30 June), the NRAS certificate must relate to the NRAS year comprising the period 1 July to 30 April. 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. Rebates and tax offsets No-TFN tax offset: Enter the amount of no-TFN tax offset claimed. An SMSF is entitled 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. No-TFN tax offset Tax on no-TFN quoted contributions Tax on no-TFN quoted contributions Enter the amount of additional tax on these contributions, calculated on the amount shown at No-TFN quoted contributions as follows: – 31.5% for complying SMSF – 1.5% for non-complying SMSF Please refer to Self-Managed Super Fund Annual Return Instructions, available on www.ato.gov.au for details. Subtotal Subtotal: Enter the amount of tax payable after Non‑refundable non-carry forward tax offsets (total of Foreign income tax offset and Rebates and tax offsets) have been offset against Gross tax. This amount cannot be less than zero. For details and examples, please refer to the Self-Managed Super Fund Annual Return Instructions, available on www.ato.gov.au Non-refundable non-carry forward tax offsets Non-refundable non-carry forward tax offsets: Add the amounts for Foreign income tax offset and Rebates and tax offsets. The rebates and tax offsets are not refundable nor are they carried forward. They are only offset against gross tax to reduce it to zero. If these tax offsets are greater than the gross tax, the excess tax offsets cannot be used and are lost. For details see Self-Managed Super Fund Annual Return Instruction, available on www.ato.gov.au. Refundable tax offsets Refundable tax offsets: Enter the total of amounts for complying fund's franking credits tax offset, No-TFN tax offset, National rental affordability scheme tax offset and Other refundable tax offsets. These tax offsets are refundable, although they must first be offset against gross tax to reduce it to zero, if there is any gross tax to be paid after Non-refundable non-carry forward tax offsets have been applied to gross tax. Remainder of refundable tax offsets Remainder of refundable tax offsets: Enter the remaining amount (if any) of refundable tax offsets from the item Refundable tax offsets, or enter zero if there are no remaining refundable tax offsets. This is the excess amount of the item Refundable tax offsets that was not able to be offset against the item Subtotal which is available to be refunded to you. This element is mandatory. For more information and examples see the Self-Managed Super Fund Annual Return instructions available on www.ato.gov.au. Tax on taxable income Tax on taxable income: This amount depends on the compliance status of the fund (refer to Self-Managed Super Fund Annual Return Instructions, available on www.ato.gov.au for a detailed explanation). Tax on taxable income is calculated as follows: – 15% of taxable income if the fund is a regulated superannuation fund and you have not received a Notice of non-compliance from the ATO – 45% of taxable income if the fund is a non-complying fund. 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. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Australian franking credits from a New Zealand company income Complying fund's franking credits tax offset: Enter the amount of franking credits attached to dividends received, including non-share dividends and assessable dividends from a New Zealand franking company. Complying fund's franking credits tax offset Credit for tax withheld - 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 tax withheld - foreign resident withholding Credit for tax withheld - where 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 tax withheld - where ABN or TFN not quoted (non individual) Credit for 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 for TFN amounts withheld from payments from closely held trusts Total Eligible Credits Total Eligible credits Enter the total of the amounts for: - Credit for interest on early payments – amount of interest - Credit for tax withheld – foreign resident withholding - Credit for tax withheld – where ABN or TFN not quoted (non‑individual) - Credit for TFN amounts withheld from payments from closely held trusts - Credit for interest on no-TFN tax offset. 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 question regarding Forestry Managed Investment Scheme must also be answered. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. 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 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 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 Section 102AAM 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. Section 102AAM interest charge 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. Additional Information Schedule (Schedule A): A 3000-character free-text field to provide additional schedule related information that can't be provided on any other schedule. Additional Information Schedule (Schedule A) 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 subtract expenses, including attributed foreign income. Do you show net foreign source capital gains here. This field can be positive (income) or negative (loss). Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. Net foreign income Management and administration expenses - deduction: The amount of expenses of a revenue nature incurred in the management and administration of the SMSF for which a deduction can be claimed, unless the expense is more appropriately shown at another label. Do not include investment management expenses. These expenses should be included in Investment Expenses. Applies to context instance RP.Deductible Management and administration expenses - deduction Management and administration expenses - non-deductible expenses Management and administration expenses - non-deductible expenses: The amount of expenses of a revenue nature incurred in the management and administration of the SMSF for which a deduction cannot be claimed. Do not include investment management expenses. These expenses should be included in Investment Expenses. Applies to context instance RP.Deductible 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 - 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. Other third party contributions 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 Auditor's professional body membership number Auditor's professional body membership number: Enter the approved auditor’s professional body membership number. There should not be any spaces in the number (for eg: CPA1234 not CPA 1234). This is a mandatory field. Other refundable tax offsets: Enter amount for conservation tillage Other refundable tax offsets Member other transactions - Income Stream payments Member other transactions - Income Stream payments Enter the total amount of superannuation income stream benefits paid to the member during the income year. Type of exemption or roll over applied Type of exemption or roll over applied: Select the code(s), from the list below, for the CGT exemption(s) and rollover(s) you or your entity has applied to disregard or defer a capital gain. Choose the most specific rollover and exemption that applies, such as Scrip for scrip rollover (Subdivision 124-M), before you choose a more general rollover and exemption, such as Replacement asset rollovers (Division 124). If you or your entity has applied more than one CGT exemption or rollover, select all of the codes that apply. CGT exemptions or roll-over code: Small business active asset reduction (subdivision 152-C) Small business retirement exemption (Subdivision152-D) Small business roll-over (Subdivision 152-E) Small business 15 year exemption (Subdivision152-B) Foreign resident CGT exemption (Division 855) Scrip for scrip roll-over (Subdivision 124-M) Demerger exemption (Subdivision 125-C) Capital gains disregarded as a result of the sale of a pre-CGT asset Replacement asset roll-overs (Division 124) Exchange of shares or units (Subdivision 124-E) Exchange of rights or options (Subdivision 124-F) Exchange of shares in one company for shares in another company (Subdivision 124-G) Exchange of units in a unit trust for shares in a company (Subdivision 124-H) Trust restructure rollover (Subdivision 124-N) Demerger roll-over (Subdivision 125-B) Same asset roll-overs (Division 126) Other exemptions and rollovers Have you applied an exemption or rollover? Have you applied an exemption or rollover? If you have capital gains disregarded and/or deferred as a result of an application of a CGT exemption or rollover set the value to true, otherwise set the value to false. Do not complete this element if your fund was in full pension phase for the entire year and there was no other income that was assessable. 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 SMSFARLodgeRequest [Abstract] MemberInformation TrusteeOrDirector RP Primary Items [Abstract] RP Closing Primary Items [Abstract] RP Closing JAUS Primary Items [Abstract] RP Closing JFOREIGN Primary Items [Abstract] RP TOFA Primary Items [Abstract] RP JAUS Primary Items [Abstract] RP JAUS AustResidentialRealProperty Primary Items [Abstract] RP JAUS AustNonResidentialRealProperty Primary Items [Abstract] RP JAUS OverseasRealProperty Primary Items [Abstract] RP JAUS AustralianShares Primary Items [Abstract] RP JAUS OtherShares Primary Items [Abstract] RP JAUS Other Primary Items [Abstract] RP JFOREIGN Primary Items [Abstract] RP Deductible Primary Items [Abstract] RP Deductible JAUS Primary Items [Abstract] RP Deductible JFOREIGN Primary Items [Abstract] RP NonDeductible Primary Items [Abstract] RP NonDeductible JAUS Primary Items [Abstract] RP NonDeductible JFOREIGN Primary Items [Abstract] RP Y0Plus Closing Primary Items [Abstract] Auditor Primary Items [Abstract] INT Primary Items [Abstract] Does the fund trust deed allow for the acceptance of Government Superannuation Co-contributions and Low Income Superannuation Contribution?: 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 and Low Income Superannuation Contributions? If the audit report was qualified, have the reported compliance issues been rectified? If, at the end of the income year, the trustee had rectified or was taking steps to rectify or make restitution for the reported compliance set value to true. Otherwise, set value to false. This information is mandatory. Did the fund pay an income stream to one or more members in the income year? Did the fund pay an income stream to one or more members in the income year? If the SMSF paid an income stream to one or more members during the year then set field to true. Otherwise, set field to false. Which method did you use to calculate your exempt current pension income? Which method did you use to calculate your exempt current pension income? If the SMSF paid an income stream to one or more members during the year, select the type of method used to calculate exempt current pension income (ECPI). Permitted values are: "Segregated" = segregated assets method used to calculate ECPI "Unsegregated" = unsegregated assets method used to calculate ECPI If the fund is in full pension phase for the entire year and the fund’s assets are unsegregated, select ‘segregated assets method’ as the ATO considers that the fund’s assets meet the requirements of being ‘segregated’. Where the assets were unsegregated, can you confirm you obtained an actuarial certificate to calculate exempt current pension income? Where the assets were unsegregated, can you confirm you obtained an actuarial certificate to calculate exempt current pension income? A choice of true or false values. true = an actuarial certificate to calculate exempt current pension income has been obtained false = an actuarial certificate to calculate exempt current pension income has not been obtained Member other transactions - Lump Sum payments Member other transactions – Lump sum payments Enter the total amount of superannuation lump sum benefits paid to the member during the income year. Member other transactions - Lump Sum payments code Member other transactions - Lump Sum payments code If the superannuation lump sum benefits paid to the member has been provided, it is mandatory to enter the applicable code to identify the components of the lump sum paid. If two or more payment types apply, use the code relating to the largest payment. Applicable codes are: A - Life benefit for member >60 years of age B - Life benefit for member <60 years of age C - Death benefit (to a dependant) D - Death benefit (to a non-dependant) E - Terminal medical condition benefit F - Other lump sum benefit type (for example, Permanent incapacity, Severe financial hardship, Approved compassionate payment) G - Release authority payment (for example, ECT) Member other transactions - Income Stream payments code Member other transactions - Income Stream payments code If the superannuation income stream benefits paid to the member has been provided, it is mandatory to enter the applicable code to identify the type of income stream paid. If two or more payment types apply, use the code relating to the largest payment. Applicable income stream benefit codes: M - Life benefit for Member >60 years of age (other than transition to retirement) N - Life benefit for Member <60 years of age (other than Transition to retirement) O - Transition to retirement P - Death benefit (dependant) where the member died after age 60 or recipient is over 60 years of age Q - Death benefit (dependant) where member died before age 60 and recipient is under 60 years of age R - Other income stream type (for example, Temporary incapacity, Permanent incapacity) Did the fund have any other income that was assessable? Did the fund have any other income that was assessable? A choice of true or false: true = the fund did have other income in the reporting period that was assessable false = the fund did not have any other assessable income during the reporting period Member account status The account status provides information regarding whether contributions can be accepted by the SMSF into an account maintained for the member or former member. Permitted values are: Open = The member’s account is open and the fund will accept payments from the ATO Closed = The member’s account is closed and will not accept payments from the ATO Supervisory levy adjustment for wound up funds Enter an amount of supervisory levy adjustment if the fund wound up during the income year, and is not required to pay a supervisory levy for 2013-14 income year. The Supervisory levy adjustment amount for 2012-13 is $129.50. The element with report label ‘Was the fund wound up during the income year?’ must have the value true. Did the fund have a loan to, lease to or investment in, related parties (known as in-house assets) at the end of the income year? Did the fund have a loan to, lease to or investment in, related parties (known as in-house assets) at the end of the income year? Select yes or no. For further details please see the Self-Managed Super Fund Annual Return Instruction 2013 available from www.ato.gov.au. Amount that the fund had loaned to, leased to or invested in, related parties (known as in-house assets) at the end of the income year Amount that the fund had loaned to, leased to or invested in, related parties (known as in-house assets) at the end of the income year Enter the dollar value of in-house assets that the SMSF held at the end of the income year. Capital works expenditure - 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. Applies to context instance RP.Deductible Capital works expenditure - deductions Capital works expenditure - non-deductible expenses Capital works expenditure - non-deductible expenses: Enter the total non-deductible expenses for capital works for the income year. Applies to context instance RP.NonDeductible Forestry managed investment scheme expense - deduction: Enter the total amount of deductible payments made to an Forestry Managed Investment Scheme (FMIS). Applies to context instance RP.Deductible Forestry managed investment scheme expense - deduction Forestry managed investment scheme expense - non-deductible expense Forestry managed investment scheme expense - non-deductible expense: Enter the total amount of deductible payments made to an Forestry Managed Investment Scheme (FMIS). Applies to context instance RP.NonDeductible Other amounts action code - deductions: Enter the code that best describes the greatest amount for other deductions. Valid values are: C - Exclusion of personal contributions F - Foreign exchange losses B - Contribution that is a fringe benefit R - Return of contributions by non-complying funds A - Deductible balancing adjustment E - Environment protection expenditure I - Listed investment company capital gain amount N - Deduction relating to foreign non-assessable non-exempt income O - Other expenses not listed elsewhere T - TOFA losses or deductible TOFA balancing adjustment 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). Applies to context instance RP.Deductible Other amounts action code - deductions Other amounts action code - non-deductible expenses: Enter the code that best describes the greatest amount for other expenses. Valid values are: C - Exclusion of personal contributions F - Foreign exchange losses B - Contribution that is a fringe benefit R - Return of contributions by non-complying funds A - Deductible balancing adjustment E - Environment protection expenditure I - Listed investment company capital gain amount N - Deduction relating to foreign non-assessable non-exempt income O - Other expenses not listed elsewhere T - TOFA losses or deductible TOFA balancing adjustment 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). Applies to context instance RP.NonDeductible Other amounts action code - non-deductible expenses