Tax Collection 2 This element has been retired and should no longer be used. 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 Expenditure Specified Allowable Deduction Amount This element has been retired and should no longer be used. Costs incurred in connection with a debt interest that are deductible subject to the thin capitalisation rules. Income Tax Deduction Debt Amount This element has been retired and should no longer be used. The amount of excessive debt deduction disallowed . Income Tax Deduction Debt Deduction Disallowed Amount This element has been retired and should no longer be used. 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 From Related Non Residents Debt Deduction Amount This element has been retired and should no longer be used. Other deductible expenses amounts not discriminated elsewhere Income Tax Deduction Deductible Expenses Other Amount This element has been retired and should no longer be used. Allowable Tax Deductions for the cost of depreciating assets based on the decline in value over a reporting period Income Tax Deduction Depreciation Allowable Deduction Amount This element has been retired and should no longer be used. 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 Earning Exempt Foreign Income Debt Deduction Amount This element has been retired and should no longer be used. The amount of allowable expenditure on environmental protection activities. Income Tax Deduction Environmental Protection Expenses Allowable Deduction Amount This element has been retired and should no longer be used. 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 Flow On Dividend Deduction Amount This element has been retired and should no longer be used. The amount of any expenditure incurred in deriving income that is exempt from Australian tax. Income Tax Deduction Non Deductible Exempt Income Expenditure Amount This element has been retired and should no longer be used. 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 Non Deductible Expenses Amount This element has been retired and should no longer be used. The total amount of the company's deductions for project pools. Income Tax Deduction Project Pool Allowable Deduction Amount This element has been retired and should no longer be used. 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 Tier 1 Prudential Capital Deduction Amount This element has been retired and should no longer be used. 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 Intangible Assets Used In Exploration Or Prospecting Amount This element has been retired and should no longer be used. 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 Decline In Value Of Other Assets Not Used In Exploration Or Prospecting Amount This element has been retired and should no longer be used. The total deductible amount from balancing adjustment events occurring for depreciating assets. This type of deduction may arise if, for example, a depreciating asset was disposed of for less than its adjustable value. Income Tax Deduction Depreciating Assets Deductible From Balancing Adjustment Events Total Amount This element has been retired and should no longer be used. The total amount of deductions for decline in value calculated using the diminishing value method, not including amounts from a low-value pool. 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. Income Tax Deduction Depreciating Assets Deduction For Decline In Value Diminishing Value Method Total Amount This element has been retired and should no longer be used. The total amount of deductions for decline in value calculated using the prime cost method. 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. Income Tax Deduction Depreciating Assets Deduction For Decline In Value Prime Cost Method Total Amount This element has been retired and should no longer be used. 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 Intangible Assets Cost Amount This element has been retired and should no longer be used. 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. 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 Income Tax Deduction Depreciating Assets First Deducted Self Assessed Effective Life Indicator This element has been retired and should no longer be used. 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 Excluding Motor Vehicles Total Cost Amount This element has been retired and should no longer be used. 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 Self Assessed Motor Vehicles Total Cost Amount This element has been retired and should no longer be used. 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 First Deducted Tangible Assets Cost Amount This element has been retired and should no longer be used. 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 General Pool Assets Deduction Amount This element has been retired and should no longer be used. 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 Long Life Pool Assets Deduction Amount This element has been retired and should no longer be used. 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 Depreciating Assets Small Business Entity Low Cost Deduction Amount This element has been retired and should no longer be used. The total of the adjustable values of all low-value assets allocated to a low-value pool. 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. Income Tax Depreciating Assets Adjustable Values Of Low Value Assets Allocated To Low Value Pool Total Amount This element has been retired and should no longer be used. The total of the adjustable values of a reporting party's depreciating assets. 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. Income Tax Depreciating Assets Adjustable Values Total Amount This element has been retired and should no longer be used. The total assessable income from balancing adjustment events occurring for depreciating assets. This type of assessable income may arise if, for example, a depreciating asset was disposed of for more than its adjustable value. Income Tax Depreciating Assets Assessble Income From Balancing Adjustment Events Total Amount This element has been retired and should no longer be used. The total cost of all the low-cost assets allocated to the low-value pool. 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. Income Tax Depreciating Assets Cost Of Low Cost Assets Allocated To Low Value Pool Total Amount This element has been retired and should no longer be used. 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 Excluding Motor Vehicles Total Recalculated Amount This element has been retired and should no longer be used. The total adjustable value of any motor vehicles for which the reporting party recalculated the effective life. Income Tax Depreciating Assets Effective Life Adjustable Values Motor Vehicles Total Recalculated Amount This element has been retired and should no longer be used. Indicator to determine if the effective life of any of the depreciating assets was recalculated. 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. Income Tax Depreciating Assets Effective Life Recalculation Indicator This element has been retired and should no longer be used. The balance of a low-value pool. 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. Income Tax Depreciating Assets Low Value Pool Balance Amount This element has been retired and should no longer be used. 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. 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 Income Tax Depreciating Assets Second Element Of Cost Amounts Allocated To Low Value Pool Total Amount This element has been retired and should no longer be used. The total termination values of assets in the low-value pool for which a balancing adjustment event occurred. 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 Income Tax Depreciating Assets Termination Values Of Assets In Low Value Pool For Balancing Adjustment Event Total Amount This element has been retired and should no longer be used. The balance of the franking account at the end of the income year, unless it is a deficit balance. Income Tax Franking Credits Franking Account Balance Amount This element has been retired and should no longer be used. 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 Franking Deficit Tax Offset Amount The amount of refundable franking credits. Income Tax Franking Credits Refundable Amount This element has been retired and should no longer be used. 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 Amount This element has been retired and should no longer be used. 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 Franking Credits Unfranked Non Portfolio Dividend Account Balance Indicator This element has been retired and should no longer be used. The amount of assessable income of a life insurance company. Income Tax Life Insurance Companies Income Taxable Amount The amount of credit for tax withheld from foreign residents. Income Tax Pay As You Go Withholding Credit For Amounts Withheld From Foreign Residents Amount The amount of credit for tax withheld where a Tax File Number not quoted and where an Australian Business Number is not quoted. This element should only be used where a business cannot separate the withheld amounts from no ABN and no TFN transactions. Income Tax Pay As You Go Withholding Credit For Amounts Withheld TFN Not Quoted And ABN Not Quoted Amount Credit for Pay as you go withholding amounts withheld where TFN not quoted from payments of interest, dividends and unit trust distributions by investment bodies. Income Tax.Pay As You Go Withholding Credit For Amounts Withheld Where TFN Not Quoted Amount Any tax-preferred amounts to which the trustee beneficiary is presently entitled. A tax-preferred amount is income of the trust that is not included in its assessable income in working out its net income or capital of the trust. Income Tax Superannuation Trustee Beneficiary Tax Preferred Amount Any untaxed part of a share of net income to be included in the assessable income of the trustee beneficiary. Income Tax Superannuation Trustee Beneficiary Untaxed Part Share Of Net Income Amount