Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_3:p12
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 12/17)
Character Range: 1787494–1790265

to an *investment body in relation to a *quarter for which the investment body has complied with an *arrangement in force between the investment body and the Commissioner relating to the reporting of *tax file numbers and *ABNs.

393‑10  Annual investment income reports
 (1) An entity must give to the Commissioner a report, for a *financial year, on all *Part VA investments in relation to which it was an *investment body at any time during the year.
 (2) The report must be in the *approved form.
 (3) The report must be given to the Commissioner within the following period after the end of the *financial year:
 (a) the period the Commissioner specifies by legislative instrument; or
 (b) otherwise—4 months.
Note: Section 388‑55 allows the Commissioner to defer the time for giving an approved form.
 (4) The report need not include particulars of an investment for which the return during the *financial year was less than $1.
 (5) Despite subsection (1), the entity need not give to the Commissioner a report, for a *financial year during which the total number of *Part VA investments in relation to which it was an *investment body is less than:
 (a) the number the Commissioner specifies by legislative instrument; or
 (b) otherwise—10.
 (5A) Paragraph (5)(b) does not apply to an *investment body that is a *managed investment trust.
 (6) Subsection (1) does not apply to an *investment body in relation to a *financial year for which the investment body has complied with an *arrangement in force between the investment body and the Commissioner relating to the reporting on *Part VA investments.

393‑15  Errors in reports
 (1) An entity must give to the Commissioner a corrected report if:
 (a) the entity has given a report to the Commissioner under this Division; and
 (b) after giving the report, the entity becomes aware of a material error in it.
 (2) The report must be in the *approved form.
 (3) The report must be given to the Commissioner no later than 28 days after the entity becomes aware of the error.
Note: Section 388‑55 allows the Commissioner to defer the time for giving an approved form.

Division 394—Reporting about forestry managed investment schemes

Guide to Division 394

394‑1  What this Division is about
      A forestry manager of a forestry managed investment scheme must give the Commissioner information about initial contributions by participants in the scheme. The forestry manager must also inform the Commissioner if the trees are not established under the scheme within 18 months of the first investment in the scheme.

Table of sections
394‑5 Statements about initial contributions to scheme
394‑10 Statements about failure to establish trees within 18 months

394‑5  Statements about initial contributions to scheme