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C Gross interest

Last updated 12 February 2019

Show at C the fund's interest income unless it is to be included at a different label. This amount cannot be a loss.

If the taxation of financial arrangements (TOFA) rules apply to the fund, include interest from financial arrangements subject to the TOFA rules at C.

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.

Do not show at C:

  • any interest income derived from foreign sources; this should be shown at D Net foreign income and D1 Gross foreign income
  • any interest income included in a share of net income from a trust; this should be shown at Q Trust distributions other amounts
  • any interest income to the extent it is non-arm’s length income of a complying superannuation fund, complying ADF or a PST; show this amount at U Net non-arm’s length income
  • 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 shown at J, K and L item 10 as applicable.

Find out more

For information on non-share dividends and non-share equity interests, see Debt and equity tests: overview.

End of find out more

Record keeping

Keep a record of the following:

  • the name and address of borrowers
  • amounts received or credited.