Show at S the balance of tax payable or refundable as indicated on the tax return.
The amount at S does not take into account any interim or voluntary payments that the fund has made against its income tax liability for 2014–15. If the fund has made such payments, take these into account in calculating the final payment but do not show the interim or voluntary payment amounts on this tax return.
For the amount at S, add T5 and G, and then subtract H, I and K
- If the amount at S is positive, that amount is payable by the fund.
- If the amount at S is negative, that amount is refundable to the fund.
We do not require a payment when the tax return is lodged. However, if you prefer to make a payment at this time, see Payment.
Record keeping
The fund must keep all documentation issued by financial institutions detailing payments of income and any TFN amounts deducted from those payments.
The fund must also maintain details of any TFN amounts deducted from an income payment made to the fund and subsequently refunded by their financial institution. The fund must keep a record of the following details for the refund:
- amount of refund received
- date of refund
- investment reference number, for example, the bank account number of the investment relating to the refund.