& Term/Acronym Definition ABN Australian Business Number ADI Authorised deposit-taking institution AIIR Annual investment income report ATF As trustee for ATO Australian Taxation Office CFI Conduit foreign income CGT Capital gains tax DA Department of Agriculture (previously known as DAFF, Department of Agriculture, Fisheries and Forestry) DIS Deferred interest security DIV Dividend Entrepot nominee company An entrepot nominee company is a body corporate that is controlled solely by a securities dealer or by two or more persons each of whom is a securities dealer and is operated for the sole purpose of facilitating settlement of security transactions. ERS Electronic reporting specification Final tax Under tax treaties the withholding tax charged by the country of source may be limited to a rate lower than the rate that would be charged in other circumstances - this reduced rate is then the final tax in the country of source. FMD Farm management deposit FCS Financial Claims Scheme FSI Foreign source income IDPS Investor directed portfolio services Information exchange country This is a country that has entered into a Tax Information Exchange Agreement with Australia for the allocation of taxing rights with respect to certain income of individuals. Inscribed stock S in which ownership information is recorded. The owner's name may be placed on a or recorded electronically. Only the owner of an inscribed stock is entitled to ownership rights.
Non-resident withholding amount deducted 7.68 Non-resident withholding amount refunded 7.69 Cash or non-cash value of an investment related betting chance prize 7.70 Interest 7.71 Unfranked dividends not declared to be conduit foreign income 7.72 Unfranked dividends declared to be conduit foreign income 7.73 Franked dividends 7.74 Franking credit 7.75 Other taxable Australian income 7.76 Non-primary production income 7.77 Other deductions relating to distributions 7.78 Capital gains discounted method 7.79 Capital gains indexation method 7.80 Capital gains other method 7.81 CGT concession amount 7.82 Net capital gain 7.83 Total current year capital gains 7.84 Taxable foreign capital gains 7.85 Assessable foreign source income 7.86 Other net foreign source income 7.87 Foreign income tax offset 7.88 Australian franking credits from a New Zealand franking company 7.89 Tax-exempted amounts 7.90 Tax-free amounts 7.91 Tax-deferred amounts 7.92 Other allowable trust deductions 7.93 Share of credit for amounts withheld from foreign resident withholding 7.94 Share of credit for tax paid by trustee 7.95 Non-resident beneficiary ss98(3) assessable amount 7.96 Non-resident beneficiary ss98(4) assessable amount 7.97 Managed investment trust fund payments 7.100 Amounts withheld from managed investment trust fund payments 7.101 Share of National rental affordability scheme tax offset 7.105
In relation to investment income, a non-resident for tax purposes is not entitled to a tax-free threshold, or to claim certain tax offsets or tax credits that are available to residents. Some income may be subject to final withholding tax as follows: 10% withholding tax of any interest earned from Australian bank accounts if a resident of a non-tax treaty country. Some agreements with tax treaty countries provide an exemption from interest withholding tax in certain circumstances. 30% withholding tax from unfranked dividends if a resident of a non-tax treaty country. Most agreements with treaty countries reduce the rate to 15%. Other rates apply if Australia has a tax treaty with that country. Check our website, for information on which countries Australia has a tax treaty with and the appropriate tax rate for residents of those countries. Income subject to final withholding tax is not required to be shown on an Australian income tax return if a tax return is required. In both situations, the investor must advise the Australian company of their overseas address so that the lower level of tax can be withheld, otherwise tax must be withheld at the higher rate of 45% and the taxpayer may have to apply to the ATO to recover the overpaid tax. When franked dividends are received, no tax is withheld as the company has already paid tax on their behalf. These dividends and franking credits are also not included as assessable income. Royalties are also paid to foreign residents and are subject to final withholding tax. The withholding rate is 30%, unless a tax treaty with that country quotes a different rate. These countries and the applicable rates are available on Most treaties reduce the rate to 10%Royalties paid to foreign residents are reported on the PAYG withholding from interest, dividend and royalty payments paid to non-residents - annual report (NAT 7187) not in the AIIR. Always report the overseas address for investors who are non-residents for tax purposes in the overseas address fields in the Investor data record. If an Australian address is also available, report it in the Australian address fields. Residential or business address details should be reported in preference to postal address. Amounts withheld from interest and dividend payments are reported at the Non-resident withholding amount deducted (7.68) field regardless of the payment type. Amounts withheld from Managed investment trust fund payments are reported at the Amounts withheld from managed investment trust fund payments (7.101) field.
Reference number Field name Content 7.138 Investor tax file number 123456784 7.147 Australian address – line 1 C/- ELISE ERIKSEN 7.147 Australian address – line 2 11/21 CARPATHIA AVENUE 7.148 Australian suburb, town or locality CITY BEACH 7.149 Australian state or territory WA 7.150 Australian postcode 6015 7.151 Date of change of residency status from resident to non-resident (DDMMCCYY) 00000000 7.152 Overseas address – line 1 Blank fill 7.152 Overseas address – line 2 Blank fill 7.153 Overseas suburb, town or locality Blank fill 7.154 Overseas state or province Blank fill 7.155 Overseas postal code Blank fill 7.156 Overseas country Blank fill 7.157 Non-resident investor overseas country code Blank fill 7.158 Non-resident investor country of residence for tax purposes Blank fill 7.159 Date of change of residency status from non-resident to resident 03032015 9 When an individual investor has died during the reporting period, it is important that the correct account changes are reported and that reporting for an individual or individuals (where the account was jointly held) is adjusted to reflect the income that belongs to the account holders during the year of income. The income paid or credited up to the date of death and after the date of death should be reported in the proportions according to the ownership of the account at the date the payment is made or credited. For example, as at the date of death, ownership of the investor’s investment account is treated as follows – for: individual account holders ownership reverts to the deceased estate joint account holders held as joint tenants, the deceased’s ownership is extinguished and ownership is passed to the surviving account holder held as tenants in common, the deceased’s share reverts to the deceased’s estate. There is no requirement to apportion income that has not been paid or credited prior to the date of death. After notification of the date of death, the following Investor data record reporting requirements apply: Income paid or credited before date of death – individual account
Unfranked dividends (non-CFI) $3,000.00 Unfranked dividends (CFI) $1,700.00 Franked dividends $6,000.00 Franking credits $2,571.00 Trust distribution: A franked distribution of $2,000.00 An unfranked distribution of $8,000.00 that was made up of an unfranked dividend (non-CFI) of $3,000.00 and an unfranked dividend (CFI) of $5,000.00 Interest of $890.00, other taxable Australian income of $1,200.00 and other allowable trust deductions of $2,100.00 investment account data record 1 (extract) Reference number Field name Content 7.54 Sequence number of DACCOUNT record 01 7.55 Investment reference number 4587221444 7.56 Account reference number 3214566977 7.62 Date of payment (DDMMCCYY) 30062015 7.63 Type of investment 02 7.64 Type of payment TDP 7.71 Interest (cents) 000000710900 An Investor data record is required following Sequence number of DACCOUNT record 01. investment account data record 2 (extract) Reference number Field name Content 7.54 Sequence number of DACCOUNT record 02 7.55 Investment reference number 4587221444 7.56 Account reference number 3214566977 7.59 Account name KUAN ZIANG 7.62 Date of payment (DDMMCCYY) 30062015 7.63 Type of investment 06 7.64 Type of payment DIV 7.72 Unfranked dividends not declared to be conduit foreign income (cents) 000000300000 7.73 Unfranked dividends declared to be conduit foreign income (cents) 000000170000 7.74 Franked dividends (cents) 000000600000 7.75 Franking credit (cents) 000000257100
foreign income (included in 7.113 or 7.114 and reported at 13U or 13C respectively) C Dividends: unfranked amount 7.73 Unfranked dividends declared to be conduit foreign income DIV 11S Unfranked amount Not reported UTD Not directly reported (may be Included in 7.113 and reported at 13U) x A Included in share of non-primary production income C Dividends: unfranked amount 7.74 Franked dividends DIV 11T Franked amount Not reported UTD Not directly reported (included in 7.114 and reported at 13C) x A Included in share of non-primary production income OR included in Franked distributions from trusts C Dividends: franked amount 7.75 king credit DIV 11U Franking credit Not reported UTD 13C Franked distributions from trusts x A Share of non-primary production income OR included in Franked distributions from trusts 13Q Share of franking credit from franked dividends C Franking credits 7.76 Other taxable Australian income UTD Not directly reported (included in 7.77 and reported at 13U) x A Included in Share of non-primary production income x C Other income 7.77 Non-primary production income (includes fields 7.71, 7.113, 7.76 and 7.93) UTD 13U Share of net income from trusts less capital gains, foreign income and franked distributions A Included in Share of non-primary production income C Other income 7.78 Other deductions relating to distributions UTD 13Y Other deductions relating to amounts shown at O, U and C A Other deductions relating to non-primary production distributions
7.79 Capital gains discounted method UTD 18 Capital gains A Included in Total current year capital gains and Net capital gain x B Capital gains: discounted method x C Discounted capital gain 7.80 Capital gains indexation method UTD 18 Capital gains x A Included in Total current year capital gains and Net capital gain x B Capital gains: discounted method x C Discounted capital gain 7.81 Capital gains other method UTD 18 Capital gains x A Included in Total current year capital gains and Net capital gain x B Capital gains: other method x C Capital gains: other method 7.82 CGT concession amount UTD Depends on individual circumstances of beneficiary x x B CGT concession amount x x C CGT Concession amount 7.83 Net capital gain UTD 18A Net capital gain A Net capital gains C Net capital gains 7.84 Total current year capital gains UTD 18H Total current year capital gains A Total current year capital gains B Total current year capital gains 7.85 Taxable foreign capital gains UTD 18 Capital gains x Not reported 7.86 Assessable foreign source income FSI 20E Assessable foreign source income x Not reported UTD A Assessable foreign source income 7.87 Other net foreign source income FSI 20M Other net foreign source income x Not reported UTD A Other net foreign source income 7.88 Foreign income tax offset FSI 20O Foreign income tax offset x Not reported UTD A Foreign income tax offset C Foreign income 7.89 Australian FSI 20F Australian x Not reported
franking credits from a franking company franking credits from a franking company UTD A Australian franking credits from a franking company 7.90 amounts UTD x C Tax-exempted amounts 7.91 Tax-free amounts UTD Depends on individual circumstances of beneficiary. x C Tax-free amounts 7.92 Tax-deferred amounts UTD Depends on individual circumstances of beneficiary x B Tax-deferred amounts C Tax-deferred amounts 7.93 Other allowable trust deductions UTD Not directly reported (included in 7.77 and reported at 13U) x A Included in Share of non-primary production income 7.94 Share of credit for amounts withheld from foreign resident withholding UTD 13A Share of credit for amounts withheld from Foreign resident withholding A Share of credit for amounts withheld from Foreign resident withholding 7.95 Share of credit for tax paid by trustee UTD 13S Share of credit for tax paid by trustee A Share of credit for tax paid by trustee 7.96 Non-resident beneficiary ss98(3) assessable amount UTD 13S Interest in the net income included in assessable income x Not reported 7.97 Non-resident beneficiary ss98(4) assessable amount UTD 13S Interest in the net income included in assessable income x Not reported 7.98 Interposed entity name DIS, DIV, INT, TDP, FSI, UTD Not reported x Not reported 7.99 Interposed entity TFN or ABN DIS, DIV, INT, TDP, FSI, UTD Not reported x Not reported
7.100 Managed investment trust fund payments UTD Not reported x Not reported 7.101 Amounts withheld from managed investment trust fund payments UTD Not reported x Not reported 7.105 Share of National rental affordability scheme tax offset UTD 13B Share of National rental affordability scheme tax offset A Share of National rental affordability scheme tax offset 7.106 Primary production income UTD 13L Share of net income from trusts A Share of primary production income 7.107 Share of credit for tax withheld where ABN not quoted UTD 13P Share of credit for tax withheld where ABN not quoted A Share of credit for tax withheld where ABN not quoted 7.108 Deductions relating to distribution of primary production income UTD 13X Other deductions relating to amounts shown at N and L A Other deductions relating to distributions 7.109 Deductions relating to distribution of production income UTD 13Y Other deductions relating to amounts shown at O, U and C x A Other deductions relating to non-primary production distributions 7.110 Transferor trust income UTD 19B Transferor trust income x Not reported 7.111 CFC income UTD 19K CFC income A CFC income 7.112 Net foreign rent UTD 20R Net foreign rent A Net foreign rent 7.113 Unfranked distributions from trusts UTD Not directly reported (will be mapped to 13U from 2014) x C SDS Option 2 – Unfranked distribution 7.114 Franked distributions from trusts UTD 13C Franked distributions from trusts A Franked distributions from trusts