S Other income

Show at S the assessable amount of any income received that does not fall into any of the other categories shown at A to Uat this item. Other income may include, but is not limited to, the following categories.

TOFA amounts from financial arrangements

If the TOFA rules apply, to calculate an assessable gain or deductible loss on the fund's financial arrangements include at S any assessable TOFA gains and any assessable TOFA transitional balancing adjustment amount relating to financial arrangements which were in existence at the time the TOFA provisions commenced to apply.

TOFA amounts that have been included elsewhere should not be included here. For example, amounts that have already been included at:

• C Gross interest
• D1 Gross foreign income
• J Unfranked dividend amount
• N Trust distributions unfranked amount
• Q Trust distributions other amounts.

If what you show at S includes an amount brought to account under the TOFA rules, also complete item 16 Taxation of financial arrangements (TOFA).

Listed investment company (LIC) capital gain amount

If a complying superannuation fund, ADF or PST received a distribution from a partnership or a trust, and that partnership or trust claimed a deduction for a LIC capital gain amount, then the superannuation fund, ADF or PST must add back as income one-third of their share of the deduction claimed by the partnership or trust and include the amount at S.

If a non-complying superannuation fund or ADF receives a distribution from a partnership or a trust, and that partnership or trust claimed a deduction in respect of a LIC capital gain amount, then the non-complying superannuation fund or ADF must add back as income its share of the deduction claimed by the partnership or trust and include the amount at S.

Assessable balancing adjustment amounts

If the superannuation entity ceases to hold or to use a depreciating asset, it will need to calculate a balancing adjustment amount to include at S  as assessable income or to claim as a deduction at L Other deductions item 11. See Guide to depreciating assets 2012 for more information.

Rebate or refund of premium paid to provide death or disability benefits

Show at S assessable rebates and refunds of premiums that a complying superannuation fund received and that are attributable to insurance policy premiums paid by the superannuation fund to provide:

• superannuation death benefits
• benefits payable because of the existence of a terminal medical condition
• disability superannuation benefits
• benefits payable because of a person's temporary inability to engage in gainful employment.

These premium rebates and refunds are assessable income of the superannuation fund where the premium payment was either allowed or is allowable, in whole or in part, as a deduction. If the premium payment was either allowed or allowable in part as a deduction, then only the part of the rebate or refund attributable to the amount deducted is included in the fund's assessable income.

Gross payments subject to foreign resident withholding

Show at S gross payments made to the fund that were regulated foreign resident income. Gross payments include amounts of tax withheld. Do not include at S  gross distributions of regulated foreign resident income from partnerships and trusts. Instead, include distributions from partnerships at I Gross distribution from partnerships and include distributions from trusts at Q Trust distributions other amounts.

You complete this entry only if the fund is a non-resident.

Regulated foreign resident income refers to payments which are prescribed in the Taxation Administration Regulations 1976 as being subject to the foreign resident withholding measure.

Do not include payments where the amount was varied to nil under the foreign resident withholding measure because the income was not taxable under a double-tax agreement.

Complete and attach a Non-individual PAYG payment summary schedule 2012.For instructions on completing this schedule, see Schedules.

If you show a credit at H2 Credit for tax withheld - foreign resident withholding item 12 for tax withheld, you must include the corresponding gross payment at S Other income (except where the credit is from partnership or trust distributions).

Show gross payment even if the credit is nil.

Gross distributions of regulated foreign resident income from a partnership or trust do not have an associated payment summary.

Print in the Code box the code from table 5 that best describes the greatest amount included at S Other income.

Table 5: Other income codes

Code	Type
T	Assessable TOFA gains or assessable TOFA transitional balancing adjustment
C	LIC capital gain amount
B	Assessable balancing adjustment amount
R	Rebate or refund of premium paid to provide death or disability benefits
W	Gross payments subject to foreign resident withholding
O	Other income received not listed above