Fund income tax return instructions 2011

Switching regulators or changing trustees

Do not use either the Fund income tax return 2011 or the Self-managed superannuation fund annual return 2011 to report a switch of regulator or changes of trustees. If a non-regulated or Australian Prudential Regulation Authority (APRA) regulated superannuation fund attempts to lodge a Self-managed superannuation fund annual return 2011 it will be rejected. The same will occur if an SMSF attempts to lodge a Fund income tax return 2011.

All superannuation funds that switch regulators must inform us within 21 days by either updating their details online at www.abr.gov.au or by completing a Change of details for superannuation entities.

Sections within General information

• Election to become a regulated fund
• Switching regulators or changing trustees
• Record keeping requirements
• Foreign exchange (forex) gains and losses
• General value shifting regime
• Debt and equity rules
• Trans-Tasman imputation
• Foreign resident withholding
• Foreign currency translation rules
• Self-determination of foreign income tax offset
• Assessment
• Objection to self-assessment
• Private rulings by the Commissioner of Taxation
• Payment arrangements