Guidance notes

Some funds have the practice of providing a consolidated statement for investors. The Tax Office neither approves nor disapproves of this practice. However, it does request that where a consolidated statement is provided that a separate statement is provided for each fund that aligns with what is reported in the annual investment income report (AIIR). That is, where there are three AIIRs for three unit trusts then there will be three statements in addition to the consolidated statement.