Introduction
The 2012 standard distribution statement (SDS) is the format recommended by the ATO and the Financial Services Council (FSC) for disclosure by managed funds of tax information to resident individuals for completion of the 2012 tax returns, relevant schedules and other requirements.
The 2012 SDS that appears below shows amounts as examples that we will refer to in the guidance notes that follow it.
Abbreviations
AIIR |
annual investment income report |
CGT |
capital gains tax |
FSC |
Financial Services Council |
ITAA 1936 |
Income Tax Assessment Act 1936 |
ITAA 1997 |
Income Tax Assessment Act 1997 |
SDS |
standard distribution statement |
TFN |
tax file number |
Purpose
These notes are designed to help those preparing fund manager distribution statements understand the basis that the 2012 SDS format has been determined on, and the rationale behind the various items disclosed on the SDS.