• 2012 standard distribution statement: guidance notes for fund managers

    Introduction

    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

    The 2012 standard distribution statement (SDS) is the format recommended by the ATO and the Financial Services Council (FSC) for disclosure by managed funds of tax information to resident individuals for completion of the 2012 tax returns, relevant schedules and other requirements.

    The 2012 SDS that appears below shows amounts as examples that we will refer to in the guidance notes that follow it.

    Abbreviations

    AIIR

    annual investment income report

    CGT

    capital gains tax

    FSC

    Financial Services Council

    ITAA 1936

    Income Tax Assessment Act 1936

    ITAA 1997

    Income Tax Assessment Act 1997

    SDS

    standard distribution statement

    TFN

    tax file number

    Purpose

    These notes are designed to help those preparing fund manager distribution statements understand the basis that the 2012 SDS format has been determined on, and the rationale behind the various items disclosed on the SDS.

    Last modified: 13 Jun 2012QC 25838