Investment bodies are required to lodge an Annual investment income report (AIIR) if any of the following occur:
- the total amount of income paid or credited to an investment is $1 or more and the total number of investments accepted by the investment body during the year is 10 or more
- an amount has been withheld from an investment because a tax file number (TFN), Australian business number (ABN) or exemption was not quoted
- non-resident withholding has occurred
- an investment is a farm management deposit.
If none of the above occurred, your investment body can lodge a nil return. We then won't need to contact you about your AIIR for that financial year.
A company that has accepted less than 10 investments and paid $1 or more in income must lodge a Dividend and interest schedule with its income tax return.
Non-resident income other than investment income (for example, royalties) should be reported in the PAYG withholding from interest, dividend and royalty payments paid to non-residents - annual report.
See also:Investment bodies are required to lodge an Annual investment income report in most circumstances.