Document ID: chunk:federal_register_of_legislation:F2021L00577:body:0:p11
Version: federal_register_of_legislation:F2021L00577
Segment Type: other
Provision Reference: 
Character Range: 26709–29423

to pay venture capital deficit tax is not required to lodge a venture capital deficit tax return.

Date of lodgment of venture capital deficit tax return

The venture capital deficit tax return must be lodged in the *approved form by the last day of the first month following the end of the *income year.

5.4  Requirement to lodge an ancillary fund return

An entity that is a trustee of a public ancillary fund (within the meaning of subsection 426‑102(1) of Schedule 1 to the TAA) or a private ancillary fund (within the meaning of subsection 426-105(1) of Schedule 1 to the TAA) is required to lodge an ancillary fund return in the *approved form for the *income year, whether or not the ancillary fund is exempt from income tax.

Note:

       (a)            For public ancillary funds and private ancillary funds registered as a charity with the Australian Charities and Not-for-profits Commission (ACNC), the ACNC annual information statement that must be lodged with the ACNC Commissioner is the approved form for the ancillary fund return.

       (b)           A trustee of a public ancillary fund or a private ancillary fund that is not registered as a charity with the ACNC and that derived income (including capital gains) during the *income year is also required to lodge an income tax return under Table E of this instrument.

Date of lodgment of an ancillary fund return

An entity required to lodge an ancillary fund return must lodge the return:

       (1)           by 31 December 2021, if the entity's *year of income ends on 30 June 2021; or

       (2)           by the last day of the sixth month after the end of the entity's *adopted accounting period.

If an entity must give an annual information statement to the Commissioner of the ACNC under the Australian Charities and Not-for-profits Commission Act 2012 (ACNC Act), the entity's lodgment date for the ancillary fund return is the lodgment date of the information statement

Note:  Section 60-5 of the ACNC Act specifies the lodgment date for the annual information statement. The Commissioner of the ACNC may allow further time.

5.5  Date of lodgment of returns and statements by a trustee of a self managed superannuation fund

5.5.1 Returns under section 35D of the SISA

Where a taxpayer is a trustee of a self managed superannuation fund as defined in the SISA at any time during the *income year, then under paragraph 35D(2)(b) of the SISA I specify that the reporting period for lodgment of a return under section 35D is the period ending on the day that the taxpayer is required to lodge their income tax return.

Note:  The return under section 35D of the SISA forms part of the Self-managed superannuation fund