C Gross interest

Warning:

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

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Show at C all the fund's interest income. This amount cannot be a loss.

Even if the TOFA rules apply to the fund, show at C all interest paid or credited to it from any source in Australia. This includes interest from financial arrangements subject to the TOFA rules.

If what you show at C includes an amount brought to account under the TOFA rules, also print X in the Yes box at G Taxation of financial arrangements (TOFA) item 16.

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For more information, see Guide to the taxation of financial arrangements (TOFA) rules.

Do not include any interest income derived from foreign sources. Show it at D Net foreign income and D1 Gross foreign income.

Do not include non-share dividends received from holding a non-share equity interest. If the fund holds such an interest, the issuer is obliged to forward a dividend statement with details of the dividends, which should be written at J, K and L item 10 as applicable.

More information on non-share dividends and non-share equity interests is in Debt and equity tests: guide to the debt and equity tests.

End of further information

Do not include any interest distributed from a trust. Show it at Q Trust distributions other amounts.

Record keeping

Keep a record of the following:

• the name and address of borrower
• the amount received or credited.