Tax Collection 2 Income Tax Deduction Australian Investment Income Allowable Deductions Amount The total of allowable income tax deductions relating to the earning of Australian sourced assessable interest and dividend income Income Tax Deduction Capital Expenditure Specified Allowable Deduction Amount The total of the company's deductions allowable under section 40-880. Section 40-880 provides a five-year write-off for certain business-related capital expenditure provided that no other provision either takes the expenditure into account or denies a deduction. Income Tax Deduction Capital Works Deduction Recouped Amount The value of capital works deductions (special building write-off) recouped on the sale of the property. Income Tax Deduction Capital Works Deductions Amount The deduction claimed for capital expenditure on special buildings, which includes eligible capital expenditure on extensions, alterations or improvements. Exclude capital expenditure for mining infrastructure buildings and timber milling buildings. Income Tax Deduction Claimed Death Or Disability Deduction Certificate Obtained Indicator Indicates whether a deduction for premiums is being claimed for death or disability cover that requires an actuary's certificate and that certificate has been obtained Income Tax Deduction Claimed Death Or Disability Deduction Which Requires Certificate Indicator Indicates whether a deduction for premiums is being claimed for death or disability cover that requires an actuary's certificate to be obtained Income Tax Deduction Death Benefit Increase Amount The increased amount of superannuation lump sum death benefits paid in the reporting period.This deduction is available to a fund that has been complying since 1 July 1988 or since established, if later. The fund 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'). The lump sum payment must be made to the trustee of the deceased's estate or to the deceased's dependant (an individual who was a spouse, former spouse or child of the deceased) at the time of death or payment in order to claim the deduction. The deduction is only available to the extent that the spouse, former spouse or child of the deceased can reasonably be expected to benefit from the estate. The amount of the deduction is calculated by dividing the tax saving amount by the low tax component rate (which is generally 15%). Income Tax Deduction Death Or Disability Premiums Amount Deductions for insurance premiums to provide superannuation benefits upon death or temporary or permanent disability of the member Income Tax Deduction Debt Deduction Disallowed Amount The amount of excessive debt deduction disallowed . Income Tax Deduction Debt From Related Non Residents Debt Deduction Amount Debt Deduction on debt from related non residents are costs incurred in connection with a debt interest that are deductible subject to the thin capitalisation rules. Income Tax Deduction Debt Amount Costs incurred in connection with a debt interest that are deductible subject to the thin capitalisation rules. Income Tax Deduction Deductible Expenses Other Amount Other deductible expenses amounts not discriminated elsewhere Income Tax Deduction Depreciation Allowable Deduction Amount Allowable Tax Deductions for the cost of depreciating assets based on the decline in value over a reporting period Income Tax Deduction Distribution From Trusts And Partnerships Allowable Deduction Other Amount Total allowable tax deductions relating to distributions of primary production income. Income Tax Deduction Distribution From Trusts And Partnerships Less Foreign Income Total Amount The trust and partnership's deductions for its own expenses relating to distributions from other partnership's or trust's. Income Tax Deduction Earning Exempt Foreign Income Debt Deduction Amount Debt Deduction in earning exempt foreign income are costs incurred in connection with a debt interest that are deductible subject to the thin capitalisation rules. Income Tax Deduction Environmental Protection Expenses Allowable Deduction Amount The amount of allowable expenditure on environmental protection activities. Income Tax Deduction Flow On Dividend Deduction Amount Any amounts claimed as a deduction during the income year that are deductible under the Income Tax Assessment Act 1936. This deduction is allowable in certain cases where a non-portfolio dividend that is not fully franked is on-paid by a resident company to its non-resident parent. Income Tax Deduction Income From Australian Source Deductions Other Amount Other deductions on income amounts from Australian sources not discriminated elsewhere Income Tax Deduction Income From Australian Source Deductions Other Description The description of other deductions on income amounts from Australian sources not discriminated elsewhere Income Tax Deduction Investment Expenses Amount The amount of investment expenses of a revenue nature incurred in deriving investment income. Income Tax Deduction Management and Administration Expenses Amount The amount of expenses incurred in the management and administration of superannuation entities Income Tax Deduction Non Deductible Exempt Income Expenditure Amount The amount of any expenditure incurred in deriving income that is exempt from Australian tax. Income Tax Deduction Non Deductible Expenses Amount The amount of expense-related adjustments that are added back to the amount written at 'Total profit or loss' to reconcile with the amount written at 'Taxable income or loss'. Income Tax Deduction Other Code 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 S Superannuation (Financial Assistance Funding) Levy Act 1993 O Other deductions not listed above The code that describes the greatest amount at reported in "Other deductions." Income Tax Deduction Project Pool Allowable Deduction Amount The total amount of the company's deductions for project pools. Income Tax Deduction Rental Income Capital Works Deductions Amount The amount of deduction claimed for capital expenditure on special buildings, which includes eligible capital expenditure on extensions, alterations or improvements that are used to produce assessable income. Income Tax Deduction Rental Income Deductions Other Than Interest And Capital Works Amount Expenses other than Interest on monies borrowed to finance rental property and capital works deductions incurred in earning rental income and deductibility is allowed under the general deductions provisions Income Tax Deduction Rental Income Interest Deductions Amount The total deductible amount of interest expenses incurred in earning rental income. Income Tax Deduction Tax Losses Deducted Amount A tax loss occurs when the total of a taxpayer's allowable deductions for an income year (excluding tax losses of earlier income years) is greater than the total of the taxpayer's assessable income and their net exemption income. However, some deductions, such as gifts and superannuation contributions by eligible persons, are limited for this purpose and cannot be used either to create such a loss or to increase one. Losses included only relate to losses incurred in relation to earning income from Australian sources. Capital losses and expenses and losses in relation to foreign source income are excluded. Income Tax Deduction Tier 1 Prudential Capital Deduction Amount Tier 1 prudential capital Deduction are amounts that must be deducted under the prudential standards when calculating eligible tier 1 capital. Prudential capital Deduction are made in respect of assets like goodwill and intangibles. Tier 1 capital is defined in the prudential standards as determined by Australian Prudential Regulation Authority and the Banking Act 1959. A Tier 1 company is a qualifying wholly-owned Australian resident subsidiary of the ultimate foreign holding company, and is not a wholly-owned subsidiary of a company that is an Australian resident which could be a member of the Multiple entry consolidation group. Income Tax Deduction Depreciating Assets Decline In Value Of Intangible Assets Used In Exploration Or Prospecting Amount The total of a reporting party's deductions for the decline in value of intangible depreciating assets used in exploration or prospecting. Income Tax Deduction Depreciating Assets Decline In Value Of Other Assets Not Used In Exploration Or Prospecting Amount The total of a reporting party's deductions for the decline in value of other depreciating assets used in exploration or prospecting. Income Tax Deduction Depreciating Assets Deductible From Balancing Adjustment Events Total Amount This type of deduction may arise if, for example, a depreciating asset was disposed of for less than its adjustable value. The total deductible amount from balancing adjustment events occurring for depreciating assets. Income Tax Deduction Depreciating Assets Deduction For Decline In Value Diminishing Value Method Total Amount The diminishing value method assumes that the decline in value each year is a constant proportion of the remaining value and produces a progressively smaller decline over time. The total amount of deductions for decline in value calculated using the diminishing value method, not including amounts from a low-value pool. Income Tax Deduction Depreciating Assets Deduction For Decline In Value Prime Cost Method Total Amount Under the prime cost method, the deduction for the decline in value of a depreciating asset is worked out by allocating the cost of the asset uniformly over its effective life. The total amount of deductions for decline in value calculated using the prime cost method. Income Tax Deduction Depreciating Assets First Deducted Intangible Assets Cost Amount The cost of all intangible depreciating assets for which the entity is claiming a tax deduction for the decline in value for the first time. Income Tax Deduction Depreciating Assets First Deducted Self Assessed Effective Life Indicator If the effective life has been self-assessed, inform the relevant field with the appropriate symbol. If the Australian Taxation Office's effective life is adopted, inform the relevant field with the appropriate symbol. Only one of these fields should be c Indicator to determine if the reporting party has chosen to work out the effective life of the asset themselves (self-assess) or to use an effective life determined by the Australian Taxation Office. Income Tax Deduction Depreciating Assets First Deducted Self Assessed Excluding Motor Vehicles Total Cost Amount The total cost of all depreciating assets, tangible or intangible, excluding motor vehicles, whose effective life was determined by the reporting party and for which a deduction was claimed for decline in value for the first time. Income Tax Deduction Depreciating Assets First Deducted Self Assessed Motor Vehicles Total Cost Amount The total cost of all motor vehicles whose effective life was determined by the reporting party and for which a deduction was claimed for decline in value for the first time. Income Tax Deduction Depreciating Assets First Deducted Tangible Assets Cost Amount The cost of all depreciating assets (other than intangible depreciating assets) for which the entity is claiming a tax deduction for the decline in value for the first time. Income Tax Deduction Depreciating Assets Small Business Entity General Pool Assets Deduction Amount A deduction amount for general pool assets (2008: effective life less than 25 years) that the entity can claim because it is eligible to use the simplified depreciation rules and has chosen to do so. Income Tax Deduction Depreciating Assets Small Business Entity Long Life Pool Assets Deduction Amount A deduction amount for long-life pool assets (2008: effective life of 25 years or more) that the entity can claim because it is eligible to use the simplified depreciation rules and has chosen to do so. Income Tax Deduction Depreciating Assets Small Business Entity Low Cost Deduction Amount A deduction amount for low-cost assets (cost less than a specified amount - $1,000 each in 2008) that the entity can claim because it is eligible to use the simplified depreciation rules and has chosen to do so. Income Tax Deduction Life Insurance Companies Allowable Deduction Including Tax Losses Claimed Total Amount The total allowable deductions of the entity including tax losses claimed as a deduction. Income Tax Deduction Life Insurance Companies Allowable Deductions Less Allowable Complying Superannuation Class Deductions Total Amount The total allowable deductions of the entity less the total allowable deductions of the complying superannuation class. Income Tax Deduction Life Insurance Companies Tax Losses Claimed Amount The amount of tax losses claimed as a life insurance company deduction Income Tax Depreciating Assets Adjustable Values Of Low Value Assets Allocated To Low Value Pool Total Amount The adjustable value of a depreciating asset at a particular time is: (a) if you have not yet used it or had it installed ready for use for any purpose - its cost; or (b) for a time in the income year in which you first use it, or have it installed ready for use, for any purpose - its cost less its decline in value up to that time; or (c) for a time in a later income year - the sum of its opening adjustable value for that year and any amount included in the second element of its cost for that year up to that time, less its decline in value for that year up to that time. The total of the adjustable values of all low-value assets allocated to a low-value pool. Income Tax Depreciating Assets Adjustable Values Total Amount The adjustable value of a depreciating asset at a particular time is: (a) if you have not yet used it or had it installed ready for use for any purpose - its cost; or (b) for a time in the income year in which you first use it, or have it installed ready for use, for any purpose - its cost less its decline in value up to that time; or (c) for a time in a later income year - the sum of its opening adjustable value for that year and any amount included in the second element of its cost for that year up to that time, less its decline in value for that year up to that time. The total of the adjustable values of a reporting party's depreciating assets. Income Tax Depreciating Assets Assessble Income From Balancing Adjustment Events Total Amount This type of assessable income may arise if, for example, a depreciating asset was disposed of for more than its adjustable value. The total assessable income from balancing adjustment events occurring for depreciating assets. Income Tax Depreciating Assets Cost Of Low Cost Assets Allocated To Low Value Pool Total Amount The total cost of all the low-cost assets allocated to the low-value pool, including motor vehicles. Show the cost before any adjustment for taxable use percentage. The total cost of all the low-cost assets allocated to the low-value pool. Income Tax Depreciating Assets Effective Life Adjustable Values Excluding Motor Vehicles Total Recalculated Amount The total adjustable value of any depreciating assets, excluding motor vehicles, for which the reporting party recalculated the effective life. Income Tax Depreciating Assets Effective Life Adjustable Values Motor Vehicles Total Recalculated Amount The total adjustable value of any motor vehicles for which the reporting party recalculated the effective life. Income Tax Depreciating Assets Effective Life Recalculation Indicator You may recalculate the effective life of assets in certain circumstances if the effective life you have been using is no longer accurate. There are also circumstances where you must recalculate the effective life of a depreciating asset. Indicator to determine if the effective life of any of the depreciating assets was recalculated. Income Tax Depreciating Assets Low Value Pool Balance Amount You can claim a deduction for the decline in value of low-cost assets and certain other depreciating assets which you have allocated to a low-value pool. The balance of a low-value pool. Income Tax Depreciating Assets Second Element Of Cost Amounts Allocated To Low Value Pool Total Amount Inform the relevant field with the total of any amounts included in the second element of cost of assets in the low-value pool at the start of this income year and of low-value assets added to the pool in this income year. Amounts spent on improving an as The total of any amounts included in the second element of cost of assets in the low-value pool at the start of this income year and of low-value assets added to the pool in this income year. Income Tax Depreciating Assets Termination Values Of Assets In Low Value Pool For Balancing Adjustment Event Total Amount Inform the relevant field with the total termination values of assets in the low-value pool for which a balancing adjustment event occurred. Generally, the termination value is what you receive or are taken to have received for the asset as a result of a The total termination values of assets in the low-value pool for which a balancing adjustment event occurred. Income Tax Franking Credits Excess Franking Offsets Amount An entity that is a corporate tax entity at any time during an income year has an amount of excess franking offsets for that year if: (a) the total amount of tax offsets to which the entity is entitled for that year under Division 207 and Subdivision 210-H (except those that are subject to the refundable tax offset rules because of section 67-25); exceeds: (b) the amount of income tax that the entity would have to pay on its taxable income for that year if: (i) it did not have those tax offsets; and (ii) it did not have any tax offsets that are subject to the tax offset carry forward rules or the refundable tax offset rules; and (iii) it did not have any tax offset under section 205-70; but had all its other tax offsets. The excess is the amount of excess franking offsets. Income Tax Franking Credits Franking Account Balance Amount The balance of the franking account at the end of the income year, unless it is a deficit balance. Income Tax Franking Credits Franking Credit Share Received Indirectly Amount The reporting entity's share of any franking credits (formerly called imputation credits) received through another entity. Also includes any franking credits received directly. Income Tax Franking Credits Franking Deficit Tax Offset Amount Taxation Laws Amendment Act (No. 8) 2003 inserted rules in the simplified imputation system to allow entities which have incurred a Franking Deficit Tax (FDT) liability to offset the whole or part of this amount against an income tax liability. Some special rules apply to life insurance companies to ensure that an FDT liability can only be offset against that part of the company's income tax liability that is attributed to shareholders. Income Tax Franking Credits Received From Australian Companies Amount The amount of franking credits attached to assessable distributions received from Australian corporate tax entities Income Tax Franking Credits Received From New Zealand Companies Amount The amount distributed from the reporting entity of the amount of Australian franking credits that are included in the net income of the reporting entity because of franked dividends received from a New Zealand franking company directly or indirectly through another partnership or trust. Income Tax Franking Credits Total Amount Report the total value of dividend imputation credits associated with total dividend income received or received through distributions by Unit Trusts. Income Tax Franking Credits Unfranked Non Portfolio Dividend Account Balance Amount If a claim is made under section 46FA of the ITAA 1936, the claiming entity is required to maintain an unfranked non-portfolio dividend account under section 46FB of the ITAA 1936. The amount shown is the balance of this account as at the end of the reporting period. Income Tax Franking Credits Unfranked Non Portfolio Dividend Account Balance Indicator If any of the balance includes an amount that has also been counted towards the company's conduit foreign income for that income year then this field should be informed in the affirmative. Income Tax Life Insurance Companies Assessable Income Including Transfers To Virtual Pooled Superannuation Trust Total Amount The assessable life insurance income amount including transfers to Virtual Pooled Superannuation Trust (VPST) Income Tax Life Insurance Companies Assessable Income Total Amount The assessable life insurance income amount Income Tax Life Insurance Companies Income Taxable Amount The amount of assessable income of a life insurance company. Income Tax Life Insurance Companies Investment Income Segregated Exempt Assets Net Amount The net investment income from Segregated Exempt Assets (SEA) Income Tax Life Insurance Companies Premiums Insurance Policies Accident Disability And Term Amount The total amount of gross premiums received from accident and disability policies and term policies Income Tax Life Insurance Companies Premiums Insurance Policies Exempt Amount The total amount of gross premiums received from exempt life insurance policies Income Tax Life Insurance Companies Premiums Insurance Policies Other Amount The total amount of gross premiums received from all other life insurance policies Income Tax Life Insurance Companies Transfers From Segregated Exempt Assets Amount The total transfer value of the life insurance company's segregated exempt assets (SEA) as at a valuation time or at a time other than a valuation time that the company transfer from the segregated exempt assets (SEA). Income Tax Life Insurance Companies Transfers From Virtual Pooled Superannuation Trust Amount The total transfer value of the life insurance company's virtual pooled superannuation trust (VPST) assets (including money) as at a valuation time or at a time other than at a valuation time that the company transfer from the VPST. Income Tax Life Insurance Companies Transfers To Segregated Exempt Assets Amount The total transfer value of the life insurance company's segregated exempt assets (SEA) as at a valuation time or at a time other than a valuation time that the company transfer to the segregated exempt assets (SEA). Income Tax Life Insurance Companies Transfers To Virtual Pooled Superannuation Trust Amount The total transfer value of the life insurance company's virtual pooled superannuation trust (VPST) assets (including money) as at a valuation time or at a time other than at a valuation time that the company transfer to the VPST. Income Tax Medicare Levy Beneficiary Spouse Taxable Income Amount The taxable income of the beneficiary's spouse. Income Tax Medicare Levy Dependent Children And Students Count Number of dependent children and students for Medicare levy reduction or exemption Income Tax Medicare Levy Exemption Full Days Code Code to indicate that the beneficiary has been issued with a Medicare exemption certificate. Income Tax Medicare Levy Exemption Full Days Count The number of days in the reporting period for which the beneficiary was entitled to the full Medicare levy exemption. Income Tax Medicare Levy Exemption Half Days Count The number of days during the reporting period for which the beneficiary was entitled to a half Medicare levy exemption. Income Tax Pay As You Go Withholding Credit For Amounts Withheld From Interest And Dividends Where TFN Not Quoted Share Received Indirectly Amount The share of the net amount of Tax File Number (TFN) amounts withheld on interest, dividends and unit trust distributions relating to distributions made to the reporting entity. Income Tax Pay As You Go Withholding Credit For Amounts Withheld From Interest And Dividends Where TFN Not Quoted Amount The amount of Credit for tax withheld where Tax File Number not quoted that has been distributed Income Tax Pay As You Go Withholding Credit For Tax Withheld Where ABN Not Quoted Share Received Indirectly Amount Any share of an amount withheld where an ABN was not quoted that has been distributed to the reporting entity. Income Tax Pay As You Go Withholding Credit For Tax Withheld Where ABN Not Quoted Amount The amount of Credit for tax withheld where Australian Business Number not quoted that has been distributed Income Tax Pay As You Go Withholding Credits For Tax Withheld From Managed Investment Trust Fund Payments Share Received Indirectly Amount The share of any non-final withholding credits received from managed investment trusts and intermediaries. Income Tax Pay As You Go Withholding Credits For Tax Withheld From Managed Investment Trust Fund Payments Amount The amount of Credit for tax withheld where income is subject to managed investment trust fund non final withholding rules that has been distributed Income Tax Pay As You Go Withholding Credits Refundable Other Amount This field is calculated by aggregating the amounts of the company's share of credit from a partnership or trust for tax withheld where an ABN was not quoted, the company's share of credit for tax paid by a trustee on net income, the refundable amount of franking tax offsets (including venture capital franking tax offsets and franking tax offsets arising from Australian franking credits attached to a dividend received from a New Zealand company) to the extent they relate to franked distributions paid on equity interests held on behalf of policy holders (for life insurance companies), franking credits for endorsed income tax exempt charities and deductible gift recipients entitled to claim a refund of excess franking credits (these entities may complete the Application for refund of franking credits - Endorsed income tax exempt entities and deductible gift recipients rather than the company tax return to obtain a refund), any refundable amounts of the film tax offsets under Division 376 of the ITAA 1997. , any credit for amounts withheld by trustees of Australian managed investment trusts or intermediaries on Australian source income (for foreign residents). Do not include the following creditsin this element: Foreign tax credits in the Calculation statement or any amounts that relate to PAYG instalments . Income Tax Pay As You Go Withholding Employment Termination Related To Prior Payment Indicator An employment termination payment paid in a year of income where another employment termination payment has already been paid earlier in consequence of the same termination of employment. This is whether the earlier payment was made in the same income year, or a *earlier year of income (*except for the 2007/2008 year). Note. In 2007/2008 there is no requirement to indicate this if the only prior payment was made in an earlier year. Income Tax Pay As You Go Withholding Foreign Resident Payee Activity Type Code This field must be set to one of the following codes:01 - entertainment or sports activities; 02 - construction and related activities; 03 - casino gaming junket activities The code applicable to the foreign resident payee's payment type. Income Tax Pay As You Go Withholding Individual Non Business Excluding Unused Leave Amount Individual non-business income excluding amounts recorded as Lump Sum A (unused leave post 15/8/78) and Lump Sum B (unused leave pre 15/8/78) Income Tax Pay As You Go Withholding Payable Refundable Net Amount The amount of the total of the company's Pay As You Go (PAYG) instalments for the income year of the tax return, whether or not the instalments have actually been paid. This is the total Income Tax Instalment Payable Amounts less the Income Tax Instalment refundable Amounts as returned on Activity Statements during the reporting period. Income Tax Pay As You Go Withholding Payment Type Code This field must be set to one of the enumerated values, as follows: DINB = Individual Non-Business Payment Summary DBUS = Voluntary Agreement Payment Summary DLHO = Labour Hire and Other Specified Payments Summary DAIP = Personal Services Attributed Income Payment Summary DEMP = Employment Termination Payment Summary DPEN = Superannuation Income Stream Payment Summary DSLS = Superannuation Lump Sum Payment Summary DASP = Departing Australia Superannuation Payment Summary DFRW = PAYG Withholding from Payments to Foreign Residents DNOABN = PAYG Withholding from Payments where no ABN is quote SLSA = Superannuation Lump Sum DLVP - Business and Personal Services Income A code used to indicate the type of payment summary being transmitted. Income Tax Pay As You Go Withholding Tax Withheld From Investment Income And Interest Amount Any amounts withheld from investment income by an investment body because the company did not provide a Tax File Number (TFN) or Australia Business Number (ABN). Income Tax Pay As You Go Withholding Tax Withheld From Lump Sum For Unused Leave After 15 Aug 78 Amount The amount of tax withheld from Lump sum amount paid for unused annual leave and long service leave after 15/08/78. Income Tax Pay As You Go Withholding Tax Withheld From Lump Sum For Unused Leave Before 16 Aug 78 Amount The amount of tax withheld from Lump sum amount paid for unused long service leave before 15/08/78. Income Tax Pay As You Go Withholding Tax Withheld From Salary Or Wages Excluding Unused Leave Amount The amount of tax withheld by an employer from a wage or salary earner's pay. Income Tax Pay As You Go Withholding Tax Withheld W3 Other Amount This is a catchall provision where the withholding does not meet the criteria for W2 or W4. Other amounts withheld (excl any amount shown at W2 or W4). This is where the client report amounts withheld from payments made to other parties for any reason not covered by other withholding amounts in this activity statement. Income Tax Pay As You Go Withholding Tax Withheld Amount Do not include cents Income tax withheld under the Pay As You Go arrangement Income Tax Pay As You Go Withholding Termination Payment Total Amount Broadly, a termination payment is a lump sum paid to an employee by an employer upon retirement or the ceasing of employment. It can be one of the following: * A lump sum paid to an employee by an employer when they retired or ceased employment, such as: - a payment in lieu of notice or a 'golden handshake' - a payment for unused sick leave or unused rostered days off - compensation for loss of a job or wrongful dismissal - a bona fide redundancy payment or an approved early retirement scheme payment that exceeded the tax-free threshold for such payments - currently $6,194 plus $3,097 for each complete year of service - a payment received because of invalidity. * A lump sum payment from a superannuation fund, approved deposit fund, retirement savings account or life assurance company, such as: - payments received when a superannuation pension or annuity was changed into a lump sum - payments received when a taxpayer made a withdrawal from an approved deposit fund - other payments from a superannuation fund, excluding a pension or annuity or a departing Australia superannuation payment. * A similar payment to those above, paid to the employee as the beneficiary of a person who has died. This is called a 'death benefit TP'. If the payments were made to the employee as the trustee of a deceased estate they must be shown in a trust tax return, not on the personal tax return. * A payment from the Tax Office of amounts collected from an employer under the Superannuation Guarantee or paid to the Superannuation Holding Accounts Special Account. Income Tax Pay As You Go Withholding Total Amount Total liability for PAYG withholding. The total amount that the payer is required to withhold under Divisions 12, 13 and 14 of Schedule 1 to the Tax Administration Act. Income Tax Pay As You Go Withholding Transitional Termination Payment Indicator Transitional termination payment is a payment made before 1 July 2012 in accordance with transitional arrangements which apply where a person is entitled, as at 9 May 2006, to a payment on termination of employment under a written contract, Australian or foreign law, legal instrument made under such a law or workplace agreement made under the Workplace Relations Act 1996. Income Tax Pay As You Go Withholding Wages Salaries And Other Payments Income Tax Withheld W2 Amount Client liability for amounts withheld from payments to payees. This is where the client reports the total tax withheld from their employees for the reporting period. The amount withheld under Division 12 (other than Subdivision 12E, 12F and 12 FA) 13 and 14. Income Tax Pay As You Go Withholding Withholding Variation Number Identifier If no variation number has been provided, then this field is not required The serial number shown on the Tax Office's Withholding variation notice. Income Tax Superannuation Contributions Surcharge Amount This amount represents the surcharge expense for the period to date/period. This is represented by the amount paid by the superannuation entity to the Australian Taxation Office, plus any amount taken up as a liability by the superannuation entity for any unpaid surcharge as at the end of the reporting period, less any liability for unpaid surcharge taken up at the end of the previous reporting period. Income Tax Superannuation Contributions Tax And Surcharge Total Amount This is a subtotal item within the list in which it is being used Income Tax Superannuation Contributions Tax Amount This amount represents the tax expense in relation to taxable contributions made into the superannuation entity during the period, and specified rollover amounts. Income Tax Superannuation Contributions Total Amount The total of all the amounts contributed to, received by, credited, transferred into or otherwise attributed to the member's account. Income Tax Superannuation Employer Contributions Assessable Amount Enter the amount of total assessable income comprising contributions and payments received by the fund in the reporting period. This includes; all contributions or payments to provide superannuation benefits for a member paid by an employer to a complying fund, or to a non-complying fund where that fund is an Australian superannuation fund; all contributions to provide superannuation benefits for a member paid by an employer to a non-complying fund that is a foreign superannuation fund that relate to a period when the member was an Australian resident, or was a foreign resident deriving salary and wage income assessable in Australia; shortfall amounts paid to a complying fund under the provisions of the Superannuation Guarantee (Administration) Act 1992; amounts transferred from the Superannuation Holding Account special account to a complying fund under the provisions of the Small Superannuation Accounts Act 1995 other than amounts which represent Government Super Co-contributions. Do not include contributions received for a member who has not quoted their Tax File Number. Income Tax Superannuation Employment Termination Taxable Component Total Amount Do not include cents Total amount of the employment termination payment less the ETP tax free component of the payment. Income Tax Superannuation Market Value Total Amount The total market value of the reporting entity's investments in life insurance companies/policies or pooled superannuation trusts to which it has not transferred assessable contributions Income Tax Superannuation Market Value Transfer Amount The market value of the reporting entity's investment in a life insurance company or pooled superannuation trust to which it has transferred assessable contributions Income Tax Superannuation Personal Contributions Assessable Amount Enter the total assessable amount of personal contributions. The trustee of an fund 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. Income Tax Superannuation Tax Free Component Amount Do not include cents The tax free component is non-assessable and non-exempt income, that is tax free income. For Departing Australia Superannuation payments from 1 July 2007, the tax free component is made up of the contributions segment and crystallised segment. The contributions segment consists of contributions made to a fund on or after 1 July 2007 which have not been, and will not be, included in the assessable income of the fund. For employment termination payments, the Tax free component consists of any pre July 1983 segment plus any invalidity segment of the payment. For death benefit employment termination payments, the Tax free component is not assessable income and is not exempt income. For new superannuation income streams from 1 July 2007, the tax free component is made up of the contributions segment and crystallised segment. The contributions segment consists of contributions made to a fund on or after 1 July 2007 which have not been, and will not be, included in the assessable income of the fund. For superannuation lump sum from 1 July 2007, the tax free component is made up of the contributions segment and crystallised segment. The contributions segment consists of contributions made to a fund on or after 1 July 2007 which have not been, and will not be, included in the assessable income of the fund. Note: The crystallised segment may consist of any of the following amounts as at just before 1 July 2007: - The pre-July 1983 component - The concessional component - Undeducted contributions - Post-June 1994 invalidity component - CGT exempt component Income Tax Superannuation Taxable Component Taxed Element Amount Do not include cents The Taxable component is obtained by subtracting the Tax Free component from the total amount. The taxed element is component of the payment, income stream or lump sum that represents the return of amounts that have been subject to tax in the fund (for example, taxable contributions and fund earnings). Income Tax Superannuation Taxable Component Untaxed Element Amount Do not include cents The Taxable component is obtained by subtracting the Tax Free component from the total amount. The untaxed element is component of the payment, income stream or lump sum that represents amounts (other than the Tax free component) that have not been subject to tax in a fund. This usually occurs because the payment is sourced at least in part from a scheme that is not subject to tax. Income Tax Superannuation Transferred Assessable Amount The amount of assessable contributions transferred to a life insurance company or pooled superannuation trust Income Tax Superannuation Transferred Assessable Indicator Indicates whether the fund, with the consent of the transferee, transferred assessable contributions to a life insurance company or pooled superannuation trust