• 2009 standard distribution statement: guidance notes for fund managers

    The 2009 standard distribution statement is the format recommended by the Tax Office and the Investment and Financial Services Association (IFSA) for disclosure by managed funds of tax information to resident individuals for completion of 2009 tax returns, relevant schedules and other requirements.

    The 2009 standard format has been developed to help reduce any confusion experienced by managed fund investors in completing their tax returns. The standardisation of terms and presentation used in trust distribution statements to unit holders should promote clarity and consistency. The work of the Australian Shareholders Association and the Australian Independent Retirees Association in originally helping to develop this agreed format is acknowledged.

    The 2009 standard distribution statement has amounts included as examples, which are referred to in the guidance notes that follow the statement.

    The 2009 version has been updated to reflect law changes and slightly modified to further assist resident individuals complete their tax returns.

    Abbreviations

    AIIR

    annual investment income report

    CGT

    capital gains tax

    IFSA

    Investment and Financial Services Association

    ITAA 1936

    Income Tax Assessment Act 1936

    ITAA 1997

    Income Tax Assessment Act 1997

    TFN

    tax file number

    Purpose

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    These notes have been prepared to help those involved in the preparation of fund manager distribution statements to understand the basis on which the 2009 standard distribution statement format has been determined, and the rationale behind the various items disclosed on the statement.

    Last modified: 16 Jun 2009QC 21926