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  • 15a Australian managed investments

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    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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    15a Australian managed investments covers the SMSF’s investment in entities that make subsequent investments on behalf of the SMSF.

    If the entity in which the SMSF has invested is located or registered in Australia, then the SMSF’s investment in that entity is recorded at A, B, C or D. The four questions of 15a Australian managed investments relate to:

    A Listed trusts

    A listed trust is a trust which has its units traded on an Australian stock exchange, and the unit values are reported as shares.

    Did the SMSF own any units in an Australian listed trust?

    No

    Leave A blank. Go to B.

    Yes

    Read on.

    Write at A the value (on 30 June 2019) of listed trust units owned by the SMSF. Do not include at A the value of units in listed trusts that are held on trust under a limited recourse borrowing arrangement (include the value of these at J6 Other in 15b).

    B Unlisted trusts

    Unlisted trusts are trusts that are not traded or purchased through an Australian stock exchange.

    Did the SMSF own any units in an Australian unlisted trust?

    No

    Leave B blank. Go to C.

    Yes

    Read on.

    Write at B the value (on 30 June 2019) of unlisted trust interests held by the SMSF that were registered or located in Australia.

    If the SMSF is complying and received a share of net income from the trust that is non-arm's-length income, you must also include the distributions in section B at U2 Net non-arm's-length trust distributions.

    Do not include at B the value of units in unlisted trusts that are held on trust under a limited recourse borrowing arrangement (include the value of these at J6 Other in 15b).

    C Insurance policy

    Did the SMSF own any life insurance policies that were issued by an organisation registered under the Life Insurance Act 1995?

    No

    Leave C blank. Go to D.

    Yes

    Read on.

    Write at C the value (on 30 June 2019) of life insurance policies owned by the SMSF that were issued by an organisation registered under the Life Insurance Act 1995.

    Do not include at C the value of insurance policies that are held on trust under a limited recourse borrowing arrangement (write the value of these at J6 Other in 15b).

    D Other managed investments

    Did the SMSF own any other Australian managed investments?

    No

    Leave D blank. Go to 15b.

    Yes

    Read on.

    Write at D the value (on 30 June 2019) of the SMSF's other investments in entities located or registered in Australia that:

    • invest on behalf of the SMSF, and
    • you did not include at A Listed trusts, B Unlisted trusts or C Insurance policy above.

    This asset category includes investments with all external investment managers and pooled superannuation trusts (PSTs) located or registered in Australia.

    An external investment manager is a person appointed by the trustee of the SMSF in accordance with section 124 of the Superannuation Industry (Supervision) Act 1993 to make investments on behalf of the SMSF. Investments managed by an external investment manager are called managed funds.

    A managed fund that is registered in Australia is an Australian managed investment even if it invests in overseas assets.

    Do not include at D the value of any Australian managed investments that were held on trust under a limited recourse borrowing arrangement (write the value of these at J6 Other in 15b).

    Last modified: 03 Oct 2019QC 58668