WPN Withholding number DEFINITIONS Common term Definition Supplier The organisation sending the data to the Australian Taxation Office (ATO). Investment body An entity as defined section 202D (1) of of the Income Tax Assessment Act 1936 (ITAA 1936). Investment bodies can include financial institutions, government bodies or body corporates, solicitors, managers of unit trusts, companies and betting investment bodies. For a full list of investment bodies, refer to the Annual investment income report (AIIR) companion guide. Controlled foreign company (CFC) income Income received from having a substantial interest in a foreign company controlled by Australians. Franked distributions A franked distribution is a defined term in section 995-1(1) of the Income Tax Assessment Act 1997 (ITAA 1997). If the company paying a dividend can frank the dividend and allocates a franking credit to the dividend then the dividend is a franked distribution. For example, if a company pays a dividend of $100 which is franked to 80% then the franked amount (also known as the franked dividend) is $80, the unfranked amount is $20 and the franking credit is $34 [rounded]. The franked distribution amount includes both the franked and unfranked amounts of the distribution and therefore the franked distribution amount is $100. A franked dividend is not defined within the law but is the term used to reflect that part of a dividend that has a franking credit and satisfies the formula; This formula delivers the franked part of the distribution as defined in section 976-1 of the ITAA 1997 i.e. the unfranked part of the distribution is the amount left after deducting the franked part of the distribution from the total distribution.
4 Deposit of with a solicitor for the purpose of: (a) being invested by the solicitor; or (b) being lent under an agreement to be arranged by or on behalf of the solicitor The person who has deposited the money with the solicitor Solicitor 5 Units in a unit trust The person in whose name the units are held The manager of the unit 6 Shares in a public company The shareholder The company 7 An investment related betting chance The betting investor The betting investment body Report 1 in this field for an interest bearing account with a financial institution. Report 2 in this field for a term deposit. Report 3 in this for an investment in a private company. Report 4 in this field for a deposit of money with a solicitor for investment purposes. Report 5 in this field for UTDs and where a managed investment trust that is a unit trust is reporting fund payment amounts and tax withheld amounts for non-resident investors for tax purposes under Subdivision 12-H and as part of a UTD. Report 6 in this for shares in a public company. Report 7 in this field for payments from investment related betting chance. Report 0 in this field where a managed investment trust that falls outside section 202D(1) of the ITAA 1936 is reporting fund payment amounts and tax withheld amounts for under Subdivision 12-H.
Example AIIR spreadsheet file continued…… G H I J K L M 12 Non investor tax identification number Individual investor surname Individual investor first given name Individual investor second name Individual investor date of birth (DDMMCCYY) Sex Non-individual investor name 13 Ainsleigh M 15031957 F 14 Bronwyn 17021963 F 15 25121960 M 16 Keagan Ace Constructions Pty Ltd N O P Q R S T 12 Australian address line 1 Australian address line 2 Australian suburb, town or locality Australian state or territory Australian postcode Investor daytime contact telephone number Date of change of residency status from to (DDMMCCYY) 13 NSW 2060 14 Artarmon NSW 2064 15 Artarmon NSW 2064 16 Level 1 TAS 7000 U V W X Y Z AA AB AC 12 Overseas address line 1 Overseas address line 2 Overseas suburb, town or locality Overseas state or province Overseas postal code Overseas country Non-resident investor overseas country code Date of change of residency status from non-resident to resident (DDMMCCYY) Non-resident investor country of residence for tax purposes 13 14 15 16
Example AIIR spreadsheet file continued…… AD AE AF AG AH AI AJ AK AM AN 12 *Investment reference number Customer reference number Account reference number BSB number *Account name *Number of investors in the account *Number of investor records provided *Date of payment (DDMMCCYY) *Type of investment *Type of payment Term of investment 13 1001 1234 1 1 30062014 1 INT 14 1002 MA01 1234 Bronwyn and 2 2 30062014 2 TDP 15 1002 MA02 1234 Bronwyn and 2 2 30062014 2 TDP 16 1003 1234 Keagan Ace Constructions Pty Ltd 1 1 30062014 5 UTD AO AP AQ AR AS AT AU AV AW 12 TFN withholding tax deducted (cents) TFN withholding tax refunded (cents) Non-resident withholding amount deducted (cents) Non-resident withholding amount refunded Cash or non-cash value of an investment related betting chance prize (cents) Interest (cents) Unfranked dividends not declared to be conduit foreign income (cents) Unfranked dividends declared to be conduit foreign income Franked dividends (cents) 13 150000 14 200000 15 200000 16 300000 213300 102700 AX AY AZ BA BB BC BD BE BF 12 Franking credit (cents) Other taxable Australian income (cents) Non-primary production income (cents) Other deductions relating to distributions (cents) Capital gains discounted method Capital gains indexation method (cents) Capital gains other method (cents) CGT concession amount (cents) Net capital gain (cents) 13 14 15 16 44010 630000 1020000 7000 8500 7000 15500 Example AIIR spreadsheet file continued……