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Legal Accounting 3
SECTION
2.4.5 - ANNUAL INVESTMENT REPORT
USAGE: This report may be used as starting document for
reporting to the ATO for distribution and withholding information for Annual
Investment Income Reporting.
DISCUSSION: When this program starts, you are asked for a
Mortgagee code. There is often just one Mortgagee used in a practice and all
Trust Transfers go through this file. If you cannot remember the code, press <F9> to initiate a search.
Having entered the Mortgagee’s code, a short
description of the file, and its balances, is displayed and you will be asked
the following questions:
USE LONG FORMAT REPORT If you are using wide stationery, reply Y, otherwise reply N. This question will only be
displayed if the relevant option is set to A, see SECTION 7.1.2.
TRANSACTION DATE RANGE This allows you to enter a range of dates to include. Often this
is used to limit the report to a reporting period, i.e. 12 months.
To start the report, press <Enter> through each field or simply press <F10>.
The report itself will detail the Contributor’s TFN
code and their name and address, the total contributions made during the date
range specified, above, any Withholding tax, date of birth, Overseas code, and
any Non-resident Withholding tax, if applicable.
