Declarations

For a trust, the trustee or public officer must sign and date the declaration.

Hours taken to prepare and complete this tax return

We are committed to reducing the costs involved in complying with your taxation obligations, by completing this item you will help us to monitor these costs as closely as possible. Your response is voluntary.

When completing this item, consider the time, rounded up to the nearest hour, that you spent:

• reading the instructions
• collecting the necessary information to complete this tax return
• making any necessary calculations
• actually completing this tax return or putting the tax affairs of your business in order so that the information could be handed to your tax agent.

The answer should relate to the time the trustee and tax agent spent in preparing and completing the tax return, including the time spent by any other person whose assistance was obtained in doing this, such as an employee.

Tax agents

If you are preparing this tax return on behalf of your client, include your time and a reliable estimate of their time.

Abbreviations

Abbreviation	Name
AAT	Administrative Appeals Tribunal
ABN	Australian Business Number
ABR	Australian Business Register
ABS	Australian Bureau of Statistics
AIIR	Annual investment income report
AMMA	AMIT Member Annual
AMIT	attribution managed investment trust
AMIT DIR Payment	An AMIT dividend payment, an AMIT interest payment, or an AMIT royalty payment
ANZSIC	Australian and New Zealand Standard Industrial Classification
BSB	bank state branch
CGT	capital gains tax
Commissioner	Commissioner of Taxation
EFT	electronic funds transfer
FBT	fringe benefits tax
GIC	general interest charge
GST	goods and services tax
IDS	International Dealings Schedule
ITAA 1936	Income Tax Assessment Act 1936
ITAA 1997	Income Tax Assessment Act 1997
MIT	managed investment trust
PAYG	pay as you go
RBA	running balance account
SBR	standard business reporting
SIC	shortfall interest charge
TAA	Taxation Administration Act 1953
TFN	tax file number
TOFA	taxation of financial arrangements