Post on 07-Mar-2018
Schedule Income Tax
Entity Year Taxes Payable Taxes Refundable Due Dates Sample Family Trust 2012 Nil ASAP Sample Corporate Beneficiary 2012 $12,033.90 ASAP Sample Unit Trust 2012 Nil ASAP Sample Retirement Plan 2012 $42,503.20 ASAP John Smith 2012 $4,092.25 ASAP Sally Smith 2012 $4,884.75 ASAP
Cheque Requisitions
Payable To Drawn From Purpose Amount Deputy Commissioner of Taxation Company Income Tax $12,033.90 Deputy Commissioner of Taxation Super Fund Income Tax $42,503.20
JOHN & SALLY SMITHFINANCIAL INDEPENDENCE
YOUR PERSONAL PROGRESS REPORT
Just Two Vital Questions!1) Are you trending positively forwards?
2) Do you have a definite and realistic strategy for achieving your target net wealth in the time available?Please remember, the Austens Team is here to help you toward achieving your goal of Financial Independence.
$1,984,000 $2,305,300
$2,651,500 $3,028,012
$3,343,400
$4,650,000
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
$5,000,000
2004 2005 2006 2007 2008 Target 2013
Net Wealth
10.42%13.96%2008
Growth Rates Average Annual
2004 2005 2006 2007 2008 Target 2013Cash $32,000 $32,800 $33,600 $32,350 $35,550 $50,000 Real Estate $700,000 $765,000 $830,000 $920,000 $975,000 $1,500,000 Public Investments $1,306,500 $1,495,000 $1,707,500 $1,915,412 $2,090,380 $3,000,000
$-$500,000
$1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000
Assets
2004 2005 2006 2007 2008 Target 2013$-
$100,000 $200,000 $300,000 $400,000
Debts
16.19%
15.02%
14.20%
16.19%
15.61%
15.14%
2005
2006
2007
Secured Loans $250,000 $215,000 $175,000 $135,000 $105,000 $-Credit Cards $9,500 $2,500 $9,600 $2,750 $1,550 $-Other $90,000 $70,000 $55,000 $71,000 $87,000 $-
26/02/20091:12 PM MODE XX01 Net Wealth StatementNet Wealth Summary Page 1 of 1
Bank Name BSB No. Account No. Name Held In Share 2008 2007 2006 2005 2004
CBA 63116 10045375 John & Sally Smith 100% 5,850 3,750 7,500 2,300 4,500
Macquarie CMT 183334 11926743 John & Sally Smith 100% 29,700 28,600 26,100 30,500 27,500
35,550 32,350 33,600 32,800 32,000
Street Address Suburb State Name Held In Share 2008 2007 2006 2005 2004
1 Graham Street Port Melbourne Vic Sally Smith 100% 975,000 920,000 830,000 765,000 700,000
975,000 920,000 830,000 765,000 700,000
Company/Fund Name Name Held In Share 2008 2007 2006 2005 2004
Sample Retirement Plan John Smith 100% 1,045,190 957,706 853,750 747,500 653,250
Sample Retirement Plan Sally Smith 100% 1,045,190 957,706 853,750 747,500 653,250
2,090,380 1,915,412 1,707,500 1,495,000 1,306,500
Investment Name Name Held In Share 2008 2007 2006 2005 2004
Motor Vehicle Car John Smith 100% 55,000 30,000 37,000 45,000 55,000
Motor Vehicle Car Sally Smith 100% 41,000 49,000 28,000 35,000 45,000
Equity - Sample F/T Business John & Sally Smith 100% 340,020 290,000 255,000 220,000 195,000
436,020 369,000 320,000 300,000 295,000
3,536,950 3,236,762 2,891,100 2,592,800 2,333,500
Financer Name BSB No. Account No. Security Share 2008 2007 2006 2005 2004
CBA 63116 10049375 Graham St Property 100% 105,000 135,000 175,000 215,000 250,000
105,000 135,000 175,000 215,000 250,000
Financer Name Card No. Credit Limit Name Held In Share 2008 2007 2006 2005 2004
CBA Visa Card 4940 5252 7856 3275 20,000 John & Sally Smith 100% 1,550 2,750 9,600 2,500 9,500
20,000 1,550 2,750 9,600 2,500 9,500
Description Name Held In Share 2008 2007 2006 2005 2004
Car Loan John Smith 100% 50,000 26,000 32,000 40,000 50,000
Car Loan Sally Smith 100% 37,000 45,000 23,000 30,000 40,000
87,000 71,000 55,000 70,000 90,000
193,550 208,750 239,600 287,500 349,500
3,343,400 3,028,012 2,651,500 2,305,300 1,984,000
Investment Type
NET WEALTH
TOTAL ASSETS
Other
NET WEALTH
Esanda
Esanda
TOTAL DEBTS
DEBTS
Other Details
Secured Loans
Credit Cards
Public Investments
Private Investments
Investment Type
Superannuation
Superannuation
JOHN & SALLY SMITH
DETAILED STATEMENT OF NET WEALTH
AS AT 30 June 2008
ASSETSCash
Real Estate
26/02/200912:15 PM MODE XX01 Net Wealth StatementNet Wealth Details Page 1 of 1
The Sample Group
Structure Diagram
Sample Family TrustTrustee: Trustee Company 1 Pty LtdABN: 99 999 999 999 TFN: 99 999 999
ACN: 999 999 999 SFN: n/aOwns & operates business
Sample Corporate Beneficiary Pty LtdABN: 99 999 999 999 TFN: 99 999 999
ACN: 999 999 999 SFN: n/aBeneficiary Company
Sample Unit TrustTrustee: Trustee Company 2 Pty LtdABN: 99 999 999 999 TFN: 99 999 999
ACN: 999 999 999 SFN: n/aUnits owned by Sample Retirement Plan
Owns business premises
Sample Retirement PlanTrustee: John Smith & Sally Smith
ABN: 99 999 999 999 TFN: 99 999 999ACN: 999 999 999 SFN: 9999 999 99Owns units in Sample Unit Trust
Members are John Smith & Sally Smith
John SmithABN: N/A TFN: 999 999 999
Date of Birth: 1/1/50
Sally SmithABN: N/A TFN: 999 999 999
Date of Birth: 1/1/55
1035 0801 Value Pricing Template - Red File Tab1
AustensCertified Practising Accountants"Adding Value to Your Life, not Just Your Business"
Locked Bag 33Port Melbourne Victoria 3207
Telephone: 9646 6377Facsimile: 9646 6275E-mail: reception@austens.com.au
FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
SAMPLE FAMILY TRUST
1,500,000
2,000,000
2,500,000
$
Sample Family TrustProfit Analysis
0
500,000
1,000,000
Jun-05Jun-06
Jun-07Jun-08
Jun-05 Jun-06 Jun-07 Jun-08Sales 1,705,500 1,875,000 1,950,000 2,100,000Gross Profit 655,000 701,500 765,000 819,625Net Profit (Before Director Benefits) 278,700 328,750 351,750 401,325Director Benefits 230,000 270,000 280,000 290,000Net Profit (Before Tax) 48,700 58,750 71,750 111,325
SAMPLE FAMILY TRUSTPROFIT AND LOSS STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
Note 2008 2007
TRADINGSales 1 2,100,000.00 2,000,000.00Cost of Sales 2 1,280,375.00 1,218,500.00Gross Profit from Trading 819,625.00 781,500.00
- -Gross Profit Margin 819,625.00 781,500.00Gross Profit Margin(%) 39.03% 39.08%
INCOMEInterest 3 1,500.00 1,000.00Reimbursements / Recoveries 4 5,200.00 5,000.00
6,700.00 6,000.00OVERHEADSCommunication 5 13,600.00 12,500.00Finance 6 23,000.00 23,000.00Indirect Labour 7 207,200.00 189,250.00Occupancy 8 153,200.00 159,000.00Office Consumables 9 8,200.00 7,700.00Professional Services 10 10,500.00 10,000.00Training & Development 11 2,500.00 4,000.00Transport & Travel 12 6,800.00 4,800.00
425,000.00 410,250.00Net Profit (Loss) from Operations 401,325.00 377,250.00PRINCIPALS COSTSIndirectLabour 13 290,000.00 280,000.00
290,000.00 280,000.00Net Profit (Loss) before Other Items 111,325.00 97,250.00Net Profit (Loss) 111,325.00 97,250.00
This report is to be read in conjunction with the attached compliation report. 1035 0801 Financial Statement
Red File Tab 2 or 3
SAMPLE FAMILY TRUSTSTATEMENT OF DISTRIBUTIONFOR THE YEAR ENDED 30 JUNE 2008
2008 2007
EarningsNet Profit (Loss) 111,325.00 97,250.00
111,325.00 97,250.00Income Available for Distribution 111,325.00 97,250.00
Income DistributionsJohn Smith 20,000.00 30,000.00Sally Smith 50,000.00 50,000.00Sample Corporate Beneficiary Pty Ltd 41,325.00 17,250.00
111,325.00 97,250.00
This report is to be read in conjunction with the attached compliation report. 1035 0801 Financial Statement
Red File Tab 2 or 3
SAMPLE FAMILY TRUSTBALANCE SHEETAS AT 30 JUNE 2008
Note 2008 2007
CURRENT ASSETSCash & Bank Balances 1 50,020.00 30,020.00Receivables 2 100,000.00 120,000.00Inventories 3 20,000.00 35,000.00Total Current Assets 170,020.00 185,020.00NON CURRENT ASSETSDepreciable Assets 4 624,500.00 722,500.00Intangibles 5 200,000.00 200,000.00Total Non Current Assets 824,500.00 922,500.00TOTAL ASSETS 994,520.00 1,107,520.00
CURRENT LIABILITIESCreditors & Accruals 6 60,000.00 80,000.00Borrowings - Unsecured 7 2,000.00 5,000.00Total Current Liabilities 62,000.00 85,000.00
NON CURRENT LIABILITIESBorrowings - Secured 8 80,000.00 100,000.00Borrowings - Unsecured 9 512,500.00 632,500.00Total Non Current Liabilities 592,500.00 732,500.00TOTAL LIABILITIES 654,500.00 817,500.00NET ASSETS 340,020.00 290,020.00
EQUITYTrust Funds 10 20.00 20.00Beneficiary Entitlements 11 340,000.00 290,000.00TOTAL EQUITY 340,020.00 290,020.00
This report is to be read in conjunction with the attached compliation report. 1035 0801 Financial Statement
Red File Tab 2 or 3
SAMPLE FAMILY TRUSTPROFIT AND LOSS STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
Note 2008 2007
TRADING1. SalesSales 2,100,000.00 2,000,000.00
2,100,000.00 2,000,000.002. Cost of SalesOpening Stock & WIP 35,000.00 20,000.00Couriers 17,000.00 16,000.00Outside Work 150,000.00 140,000.00Purchases 520,000.00 500,000.00Depreciation - Plant & Equipment 108,375.00 127,500.00Lease & Rent of Plant 50,000.00 50,000.00Salaries & Wages 420,000.00 400,000.00Closing Stock & WIP (20,000.00) (35,000.00)
1,280,375.00 1,218,500.00INCOME3. InterestInterest 1,500.00 1,000.00
1,500.00 1,000.004. Reimbursements / RecoveriesEmployee Reimbursements 5,200.00 5,000.00
5,200.00 5,000.00OVERHEADS5. CommunicationPostage 600.00 500.00Telephone 13,000.00 12,000.00
13,600.00 12,500.006. FinanceBank Charges 14,000.00 12,000.00H.P. Charges 9,000.00 11,000.00
23,000.00 23,000.007. Indirect LabourSalaries & Wages 130,000.00 125,000.00Payroll Tax 2,200.00 2,000.00Workcover 10,500.00 10,000.00Superannuation - SGC 49,500.00 47,250.00Bad Debts 15,000.00 5,000.00
207,200.00 189,250.008. OccupancyCleaning 1,900.00 2,000.00Electricity & Gas 10,500.00 10,000.00Insurance 13,000.00 10,000.00Repairs & Maintenance 21,000.00 35,000.00Rent - Business Premises 105,000.00 100,000.00Waste Removal 1,800.00 2,000.00
153,200.00 159,000.009. Office ConsumablesComputer Software 5,000.00 4,500.00Printing & Stationery 2,300.00 2,500.00Staff Amenities 900.00 700.00
8,200.00 7,700.0010. Professional ServicesAccountants 10,500.00 10,000.00
10,500.00 10,000.0011. Training & DevelopmentStaff Training 2,500.00 4,000.00
2,500.00 4,000.0012. Transport & TravelMotor Vehicles - Running 4,000.00 3,000.00Motor Vehicles - Registration 500.00 500.00Motor Vehicle - Insurance 1,100.00 1,000.00Motor Vehicles - Repairs & Maintenance 1,200.00 300.00
6,800.00 4,800.00
This report is to be read in conjunction with the attached compliation report. 1035 0801 Financial Statement
Red File Tab 2 or 3
SAMPLE FAMILY TRUSTPROFIT AND LOSS STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
Note 2008 2007
PRINCIPALS COSTS13. LabourSalaries & Wages 90,000.00 80,000.00Superannuation 200,000.00 200,000.00
290,000.00 280,000.00
This report is to be read in conjunction with the attached compliation report. 1035 0801 Financial Statement
Red File Tab 2 or 3
SAMPLE FAMILY TRUSTBALANCE SHEETAS AT 30 JUNE 2008
Note 2008 2007
1. Cash & Bank BalancesCash on Hand 20.00 20.00Cheque Account 50,000.00 30,000.00
50,020.00 30,020.002. ReceivablesTrade Debtors 100,000.00 120,000.00
100,000.00 120,000.003. InventoriesStock on Hand 20,000.00 35,000.00
20,000.00 35,000.004. Depreciable AssetsPlant & Equipment 1,000,000.00 1,000,000.00Less Accumulated Depreciation (385,875.00) (277,500.00)Motor Vehicles 50,000.00 -Less Accumulated Depreciation (40,625.00) -Office Equipment 2,500.00 -Less Accumulated Depreciation (1,500.00) -
624,500.00 722,500.005. IntangiblesGoodwill 200,000.00 200,000.00
200,000.00 200,000.006. Creditors & Accruals (Current)Trade Creditors 60,000.00 80,000.00
60,000.00 80,000.007. Borrowings - Unsecured (Current)Credit Cards 2,000.00 5,000.00
2,000.00 5,000.008. Borrowings - Secured (Non Current)Hire Purchase Liabilities 80,000.00 100,000.00
80,000.00 100,000.009. Borrowings - Unsecured (Non Current)John & Sally Smith 512,500.00 632,500.00
512,500.00 632,500.0010. Trust FundsSettled Sum 20.00 20.00
20.00 20.0011. Beneficiary EntitlementsSample Corporate Beneficiary Pty Ltd 340,000.00 290,000.00
340,000.00 290,000.00
This report is to be read in conjunction with the attached compliation report. 1035 0801 Financial Statement
Red File Tab 2 or 3
SAMPLE FAMILY TRUSTNOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
Note 1: Statement of significant accounting policies
This financial report is a special purpose financial report prepared for the use by the Trustee andBeneficiaries of the Trust. The Trustee has determined that the Trust is not a reporting entity and hence the requirements of Australian Standards and other mandatory reporting requirements (Urgent Issues GroupConsensus Views) do not have mandatory applicability to Sample Family Trust.
The financial report has been prepared in accordance with the following Australian Accounting Standards:
AASB 1031: Materiality AASB 110: Events After the Balance Sheet Date
No other Australian Accounting Standards or other mandatory professional reporting requirements (UrgentIssues Group Consensus Views) have been applied in the preparation of this financial report.
The financial report is also prepared on an accruals basis. They are based on historic costs and does not take intoaccount changing money values or, except where stated, current valuations of non-current assets.
The following specific accounting policies, which are consistent with prior periods unless stated otherwise, havebeen adopted in the preparation of this financial report.
Investments
Investments are brought to account at cost or valuation. Dividends and interest are brought to account whenreceived.
Property, Plant and Equipment
Property, plant and equipment are carried at cost or independent valuation. All assets excluding freehold landand buildings are depreciated over their useful lives.
These notes should be read in conjunction with the attached compilation report.
1035 0801 Financial Statement
SAMPLE FAMILY TRUSTTRUSTEE DECLARATION
I the undersigned John Smith being the sole Director of the Trustee of Sample Family Trust, declare that:-
1. the Trust is not a reporting entity and that this special purpose financial report be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements.
2. the financial statements present fairly the Trust's financial position as at 30 June 2008 and its performance for the year ended on that date.
3. in my opinion there are reasonable grounds to believe that the Trust will be able to pay its debts as and when they fall due.
______________________________John Smith - Director
Dated: / /
1035 0801 Financial Statement
AUSTENS PTY LTDCertified Practising Accountants
Unit 13 484 Graham StreetLocked Bag 33
Port Melbourne Victoria 3207Telephone: 9646 6377Fascimile: 9646 6275
SAMPLE FAMILY TRUST
COMPILATION REPORT TOSAMPLE FAMILY TRUST
ScopeOn the basis of information provided by the Trustee we have compiled in accordance with APS 9 'Statement on Compilation of Financial Reports', the special purpose financial report of Sample Family Trust for the period ended 30 June 2008.
The specific purpose of the special purpose financial report is to provide confidential financial information to the Trustee and the Beneficiaries. The Trustee has determined that Sample Family Trust is not a reporting entity. Applicable Australian Accounting Standards and other mandatory professional reporting requirements have not been applied in the preparation of the special purpose financial report.
The Trustee is solely responsible for the information contained in the special purpose financial report and has determined that the accounting policies used are consistent with the financial reporting requirements of Sample Family Trust's constitution and are appropriate to meet the needs of the Trustee and the Beneficiaries.
Our procedures use accounting expertise to collect, classify and summarise the financial information, which the Trustee provided into a financial report. Our procedures do not include verification or validation procedures. No audit or review has been performed and accordingly no assurance is expressed.
To the extent permitted by law, we do not accept liability for any loss or damage which any person, other than the Trust may suffer arising from any negligence on our part. No person should rely on the special purpose financial report without having an audit or review conducted.
The special purpose financial report was prepared for the benefit of the Trustee and the Beneficiaries of Sample Family Trust for the purpose identified above. We do not accept responsibility to any other person for the contents of the special purpose financial report.
______________________________Accountant Name
Dated: / /
1035 0801 Financial Statement
Sample Family Trust
Depreciation Schedule for the Year Ending 30 June 2008(Actuals)
Summarised by Category 1
1,052,500 722,500 52,500 - (119,250) - - 655,750
Original Opening Purchases Disposals Depn Profit On Loss On Closing
No Category 1 Cost WDV This Year This Year This Year Disposals Disposals WDV
1 Plant & Equipment 1,000,000 722,500 - - (108,375) - - 614,125
2 Motor Vehicles 50,000 - 50,000 - (9,375) - - 40,625
3 Computer Equipment - - - - - - - -
4 Office Equipment 2,500 - 2,500 - (1,500) - - 1,000
5 Office Furniture & Fittings - - - - - - - -
6 User Specified Category 1 - - - - - - - -
7 User Specified Category 2 - - - - - - - -
8 User Specified Category 3 - - - - - - - -
9 User Specified Category 4 - - - - - - - -
10 User Specified Category 5 - - - - - - - -
11 User Specified Category 6 - - - - - - - -
12 User Specified Category 7 - - - - - - - -
Taxation
Depreciation Schedule
12 User Specified Category 7 - - - - - - - -
13 User Specified Category 8 - - - - - - - -
14 User Specified Category 9 - - - - - - - -
15 User Specified Category 10 - - - - - - - -
16 User Specified Category 11 - - - - - - - -
17 User Specified Category 12 - - - - - - - -
18 User Specified Category 13 - - - - - - - -
19 User Specified Category 14 - - - - - - - -
20 User Specified Category 15 - - - - - - - -
20/02/20094:27 PM 1035 0801 Depreciation ScheduleSummary Reports Pahe 1 of 1
Sample Family Trust
Actual Depreciation Schedule for the Year Ending 30 June 2008 1,052,500 722,500 52,500 - (119,250) - - 655,750
Asset Categories, Description and ID's Purchase Price & Date Disposal Price & Date Tax Rates Original Opening Purchases Disposals Depn Profit On Loss On Closing
No Category 1Category 2Description $ Day Mth Year $ Day Mth Year Method % Cost WDV This Year This Year This Year Disposals Disposals WDV
1 1 1 Manufacturing Plant 1,000,000 1 7 2005 - 0 0 0 2 DV 15.00% 1,000,000 722,500 - - (108,375) - - 614,125
2 2 1 Motor Vehicle 50,000 1 7 2007 - 0 0 0 2 DV 18.75% 50,000 - 50,000 - (9,375) - - 40,625
3 4 1 MacBook - Laptop 2,500 1 7 2007 - 0 0 0 2 DV 60.00% 2,500 - 2,500 - (1,500) - - 1,000
Depreciation Schedule
Taxation
20/02/20094:28 PM 1035 0801 Depreciation ScheduleAsset Register Pahe 1 of 1
AustensCertified Practising Accountants"Adding Value to Your Life, not Just Your Business"
Locked Bag 33Port Melbourne Victoria 3207
Telephone: 9646 6377Facsimile: 9646 6275E-mail: reception@austens.com.au
SAMPLE CORPORATE BENEFICIARY PTY LTD
ACN 999 999 999
FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
SAMPLE CORPORATE BENEFICIARY PTY LTDACN 999 999 999PROFIT AND LOSS STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
2008 2007
INCOMEDistributions - Sample Family Trust 41,325.00 17,250.00
41,325.00 17,250.00
EXPENSESAccountants 1,000.00 1,000.00Filing Fees 212.00 212.00
1,212.00 1,212.00
NET PROFIT (LOSS) BEFORE INCOME TAX 40,113.00 16,038.00Income Tax Expense 12,033.90 4,811.40NET PROFIT (LOSS) 28,079.10 11,226.60
This report is to be read in conjunction with the attached compliation report. 1035 0810 Financial Statement
Red File Tab 2 or 3
SAMPLE CORPORATE BENEFICIARY PTY LTDACN 999 999 999STATEMENT OF RETAINED EARNINGSFOR THE YEAR ENDED 30 JUNE 2008
2008 2007
EarningsNet Profit (Loss) 28,079.10 11,226.60Retained Earnings (Accumulated Losses) 299,887.00 273,962.00
327,966.10 285,188.60Income Available for Distribution 327,966.10 285,188.60
Retained Earnings (Accumulated Losses) 327,966.10 285,188.60
This report is to be read in conjunction with the attached compliation report. 1035 0810 Financial Statement
Red File Tab 2 or 3
SAMPLE CORPORATE BENEFICIARY PTY LTDACN 999 999 999BALANCE SHEETAS AT 30 JUNE 2008
2008 2007
CURRENT ASSETSCash and Bank BalancesCash on Hand 2.00 2.00
2.00 2.00NON CURRENT ASSETSBeneficiary EntitlementSample Family Trust 340,000.00 290,000.00
340,000.00 290,000.00TOTAL ASSETS 340,002.00 290,002.00
CURRENT LIABILITIESProvisionsIncome Tax 12,033.90 4,811.40
12,033.90 4,811.40TOTAL LIABILITIES 12,033.90 4,811.40NET ASSETS 327,968.10 285,190.60
EQUITYShare CapitalIssued & Paid Up Capital 2.00 2.00ReservesRetained Earnings 327,966.10 285,188.60TOTAL EQUITY 327,968.10 285,190.60
This report is to be read in conjunction with the attached compliation report. 1035 0810 Financial Statement
Red File Tab 2 or 3
SAMPLE CORPORATE BENEFICIARY PTY LTDACN 999 999 999NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
Note 1: Statement of significant accounting policies
This financial report is a special purpose financial report prepared for the use by the Directors and Membersof the Company. The Directors have determined that the Company is not a reporting entity and hence the requirements of Australian Standards and other mandatory reporting requirements (Urgent Issues GroupConsensus Views) do not have mandatory applicability to Sample Corporate Beneficiary Pty Ltd.
The financial report has been prepared in accordance with the following Australian Accounting Standards:
AASB 1031: Materiality AASB 110: Events After the Balance Sheet Date
No other Australian Accounting Standards or other mandatory professional reporting requirements (UrgentIssues Group Consensus Views) have been applied in the preparation of this financial report.
The financial report is also prepared on an accruals basis. They are based on historic costs and does not take intoaccount changing money values or, except where stated, current valuations of non-current assets.
The following specific accounting policies, which are consistent with prior periods unless stated otherwise, havebeen adopted in the preparation of this financial report.
Investments
Investments are brought to account at cost or valuation. Dividends and interest are brought to account whenreceived.
Property, Plant and Equipment
Property, plant and equipment are carried at cost or independent valuation. All assets excluding freehold landand buildings are depreciated over their useful lives.
These notes should be read in conjunction with the attached compilation report.
1035 0810 Financial Statement
SAMPLE CORPORATE BENEFICIARY PTY LTDACN 999 999 999
DIRECTORS DECLARATION
The Directors have determined that the Company is not a reporting entity. The Directors have determined that a special purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements.
The Directors of the Company declare:
1. the financial statements present fairly the Company's financial position as at 30 June 2008 and it's performance for the year ended on that date.
2. in the Directors' opinion there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due.
This declaration is made in accordance with a resolution of the Directors and is signed for and on behalf of the Directors by:
______________________________John Smith - Director
______________________________Sally Smith - Director
Dated: / /
1035 0810 Financial Statement
AUSTENS PTY LTDCertified Practising Accountants
Unit 13 484 Graham StreetLocked Bag 33
Port Melbourne Victoria 3207Telephone: 9646 6377Fascimile: 9646 6275
SAMPLE CORPORATE BENEFICIARY PTY LTDACN 999 999 999
COMPILATION REPORT TOSAMPLE CORPORATE BENEFICIARY PTY LTD
ScopeOn the basis of information provided by the Directors we have compiled in accordance with APS 9 'Statement on Compilation of Financial Reports', the special purpose financial report of Sample Corporate Beneficiary Pty Ltd for the period ended 30 June 2008.
The specific purpose of the special purpose financial report is to provide confidential financial information to the Directors and the Members. The Directors have determined that Sample Corporate Beneficiary Pty Ltd is not a reporting entity. Applicable Australian Accounting Standards and other mandatory professional reporting requirements have not been applied in the preparation of the special purpose financial report.
The Directors are solely responsible for the information contained in the special purpose financial report and have determined that the accounting policies used are consistent with the financial reporting requirements of Sample Corporate Beneficiary Pty Ltd's constitution and are appropriate to meet the needs of the Directors and the Members.
Our procedures use accounting expertise to collect, classify and summarise the financial information, which the Directors provided into a financial report. Our procedures do not include verification or validation procedures. No audit or review has been performed and accordingly no assurance is expressed.
To the extent permitted by law, we do not accept liability for any loss or damage which any person, other than the Company may suffer arising from any negligence on our part. No person should rely on the special purpose financial report without having an audit or review conducted.
The special purpose financial report was prepared for the benefit of the Directors and the Members of Sample Corporate Beneficiary Pty Ltd for the purpose identified above. We do not accept responsibility to any other person for the contents of the special purpose financial report.
______________________________Accountant Name
Dated: / /
1035 0810 Financial Statement
AustensCertified Practising Accountants"Adding Value to Your Life, not Just Your Business"
Locked Bag 33Port Melbourne Victoria 3207
Telephone: 9646 6377Facsimile: 9646 6275E-mail: reception@austens.com.au
SAMPLE UNIT TRUST
FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
SAMPLE UNIT TRUSTPROFIT AND LOSS STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
2008 2007
INCOMERental - Business Premises 105,000.00 100,000.00Rental - Plant & Equipment 50,000.00 50,000.00Interest - Cheque Account 500.00 1,000.00
155,500.00 151,000.00
EXPENSESAccountants 1,000.00 1,000.00Bank Charges 50.00 100.00Body Corporate Fees 15,000.00 14,000.00Depreciation - Plant & Equipment 39,969.00 47,083.00Rates 11,000.00 10,500.00
67,019.00 72,683.00
NET PROFIT (LOSS) 88,481.00 78,317.00
This report is to be read in conjunction with the attached compliation report. 1035 0811 Financial Statement
Red File Tab 2 or 3
SAMPLE UNIT TRUSTSTATEMENT OF DISTRIBUTIONFOR THE YEAR ENDED 30 JUNE 2008
2008 2007
EarningsNet Profit (Loss) 88,481.00 78,317.00
88,481.00 78,317.00Income Available for Distribution 88,481.00 78,317.00
Income DistributionsSample Retirement Plan 88,481.00 78,317.00
88,481.00 78,317.00
This report is to be read in conjunction with the attached compliation report. 1035 0811 Financial Statement
Red File Tab 2 or 3
SAMPLE UNIT TRUSTBALANCE SHEETAS AT 30 JUNE 2008
2008 2007
CURRENT ASSETSCash and Bank BalancesCash on Hand 10.00 10.00Cheque Account 74,860.00 34,891.00
74,870.00 34,901.00NON CURRENT ASSETSDepreciable AssetsPlant & Equipment 510,000.00 510,000.00Less Accumulated Depreciation (284,870.00) (244,901.00)Real EstateFactory 1,500,000.00 1,500,000.00
1,725,130.00 1,765,099.00TOTAL ASSETS 1,800,000.00 1,800,000.00
NET ASSETS 1,800,000.00 1,800,000.00
EQUITYTrust FundsIssued & Paid Up Units 1,300,000.00 1,300,000.00ReservesAsset Revaluation Reserve - Property 500,000.00 500,000.00TOTAL EQUITY 1,800,000.00 1,800,000.00
This report is to be read in conjunction with the attached compliation report. 1035 0811 Financial Statement
Red File Tab 2 or 3
SAMPLE UNIT TRUSTNOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
Note 1: Statement of significant accounting policies
This financial report is a special purpose financial report prepared for the use by the Trustee andBeneficiaries of the Trust. The Trustee has determined that the Trust is not a reporting entity and hence the requirements of Australian Standards and other mandatory reporting requirements (Urgent Issues GroupConsensus Views) do not have mandatory applicability to Sample Unit Trust.
The financial report has been prepared in accordance with the following Australian Accounting Standards:
AASB 1031: Materiality AASB 110: Events After the Balance Sheet Date
No other Australian Accounting Standards or other mandatory professional reporting requirements (UrgentIssues Group Consensus Views) have been applied in the preparation of this financial report.
The financial report is also prepared on an accruals basis. They are based on historic costs and does not take intoaccount changing money values or, except where stated, current valuations of non-current assets.
The following specific accounting policies, which are consistent with prior periods unless stated otherwise, havebeen adopted in the preparation of this financial report.
Investments
Investments are brought to account at cost or valuation. Dividends and interest are brought to account whenreceived.
Property, Plant and Equipment
Property, plant and equipment are carried at cost or independent valuation. All assets excluding freehold landand buildings are depreciated over their useful lives.
These notes should be read in conjunction with the attached compilation report.
1035 0811 Financial Statement
SAMPLE UNIT TRUSTTRUSTEE DECLARATION
We the undersigned John Smith and Sally Smith being the Directors of the Trustee of Sample Unit Trust, declare that:-
1. the Trust is not a reporting entity and that this special purpose financial report be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements.
2. the financial statements present fairly the Trust's financial position as at 30 June 2008 and its performance for the year ended on that date.
3. in the Directors' opinion there are reasonable grounds to believe that the Trust will be able to pay its debts as and when they fall due.
______________________________John Smith - Director
______________________________Sally Smith - Director
Dated: / /
1035 0811 Financial Statement
AUSTENS PTY LTDCertified Practising Accountants
Unit 13 484 Graham StreetLocked Bag 33
Port Melbourne Victoria 3207Telephone: 9646 6377Fascimile: 9646 6275
SAMPLE UNIT TRUST
COMPILATION REPORT TOSAMPLE UNIT TRUST
ScopeOn the basis of information provided by the Trustee we have compiled in accordance with APS 9 'Statement on Compilation of Financial Reports', the special purpose financial report of Sample Unit Trust for the period ended 30 June 2008.
The specific purpose of the special purpose financial report is to provide confidential financial information to the Trustee and the Beneficiaries. The Trustee has determined that Sample Unit Trust is not a reporting entity. Applicable Australian Accounting Standards and other mandatory professional reporting requirements have not been applied in the preparation of the special purpose financial report.
The Trustee is solely responsible for the information contained in the special purpose financial report and has determined that the accounting policies used are consistent with the financial reporting requirements of Sample Unit Trust's constitution and are appropriate to meet the needs of the Trustee and the Beneficiaries.
Our procedures use accounting expertise to collect, classify and summarise the financial information, which the Trustee provided into a financial report. Our procedures do not include verification or validation procedures. No audit or review has been performed and accordingly no assurance is expressed.
To the extent permitted by law, we do not accept liability for any loss or damage which any person, other than the Trust may suffer arising from any negligence on our part. No person should rely on the special purpose financial report without having an audit or review conducted.
The special purpose financial report was prepared for the benefit of the Trustee and the Beneficiaries of Sample Unit Trust for the purpose identified above. We do not accept responsibility to any other person for the contents of the special purpose financial report.
______________________________Accountant Name
Dated: / /
1035 0811 Financial Statement
Sample Unit Trust
Depreciation Schedule for the Year Ending 30 June 2008(Actuals)
Summarised by Category 1
510,000 265,099 - - (39,969) - - 225,130
Original Opening Purchases Disposals Depn Profit On Loss On Closing
No Category 1 Cost WDV This Year This Year This Year Disposals Disposals WDV
1 Plant & Equipment 510,000 265,099 - - (39,969) - - 225,130
2 Motor Vehicles - - - - - - - -
3 Computer Equipment - - - - - - - -
4 Office Equipment - - - - - - - -
5 Office Furniture & Fittings - - - - - - - -
6 User Specified Category 1 - - - - - - - -
7 User Specified Category 2 - - - - - - - -
8 User Specified Category 3 - - - - - - - -
9 User Specified Category 4 - - - - - - - -
10 User Specified Category 5 - - - - - - - -
11 User Specified Category 6 - - - - - - - -
12 User Specified Category 7 - - - - - - - -
Depreciation Schedule
Taxation
12 User Specified Category 7 - - - - - - - -
13 User Specified Category 8 - - - - - - - -
14 User Specified Category 9 - - - - - - - -
15 User Specified Category 10 - - - - - - - -
16 User Specified Category 11 - - - - - - - -
17 User Specified Category 12 - - - - - - - -
18 User Specified Category 13 - - - - - - - -
19 User Specified Category 14 - - - - - - - -
20 User Specified Category 15 - - - - - - - -
25/02/200912:47 PM 1035 0811 Depreciation ScheduleSummary Reports Pahe 1 of 1
Sample Unit Trust
Actual Depreciation Schedule for the Year Ending 30 June 2008 510,000 265,099 - - (39,969) - - 225,130
Asset Categories, Description and ID's Purchase Price & Date Disposal Price & Date Tax Rates Acc Rates Original Opening Purchases Disposals Depn Profit On Loss On Closing
No Category 1Category 2Description $ Day Mth Year $ Day Mth Year Method % Method % Cost WDV This Year This Year This Year Disposals Disposals WDV
1 1 1 Printing Press - 4 Colour 500,000 1 7 2003 - 0 0 0 2 DV 15.00% 2 DV 15.00% 500,000 261,003 - - (39,150) - - 221,853
2 1 1 Folding Machine 10,000 1 7 2003 - 0 0 0 2 DV 20.00% 2 DV 20.00% 10,000 4,096 - - (819) - - 3,277
Depreciation Schedule
Taxation
25/02/200912:48 PM 1035 0811 Depreciation ScheduleAsset Register Pahe 1 of 1
AustensCertified Practising Accountants"Adding Value to Your Life, not Just Your Business"
Locked Bag 33Port Melbourne Victoria 3207
Telephone: 9646 6377Facsimile: 9646 6275E-mail: reception@austens.com.au
SAMPLE RETIREMENT PLAN
FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
SAMPLE RETIREMENT PLANPROFIT AND LOSS STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
2008 2007
INCOMEEmployer Contributions 200,000.00 200,000.00Interest - Cheque Account 1,000.00 1,500.00Dividends Received 5,622.05 3,660.49Less Franking Credits (1,461.80) (1,001.77)Distributions - Sample Unit Trust 88,481.00 78,317.00Asset Appreciation - Shares (27,826.04) 20,780.87Profit (Loss) on Shares Sold (3,695.82) 10,394.02
262,119.39 313,650.61
EXPENSESAccountants 2,000.00 1,900.00Bank Charges 100.00 100.00Filing Fees 45.00 45.00
2,145.00 2,045.00
NET PROFIT (LOSS) BEFORE INCOME TAX 259,974.39 311,605.61Income Tax Expense 42,503.20 42,772.28NET PROFIT (LOSS) 217,471.19 268,833.33
This report is to be read in conjunction with the attached audit report. 1035 0812 Financial Statement
Red File Tab 2 or 3
SAMPLE RETIREMENT PLANBALANCE SHEETAS AT 30 JUNE 2008
2008 2007
CURRENT ASSETSCash and Bank BalancesCash at Bank 216,817.28 15,000.00
216,817.28 15,000.00NON CURRENT ASSETSListed InvestmentsShare Portfolio 116,066.38 143,184.75Unlisted InvestmentsUnits - Sample Unit Trust (Cost) 1,300,000.00 1,300,000.00Units - Sample Unit Trust (Reval'n) 500,000.00 500,000.00
1,916,066.38 1,943,184.75TOTAL ASSETS 2,132,883.66 1,958,184.75
CURRENT LIABILITIESProvisionsIncome Tax 42,503.20 42,772.28
42,503.20 42,772.28TOTAL LIABILITIES 42,503.20 42,772.28NET ASSETS 2,090,380.46 1,915,412.47
EQUITYMembers AccountsJohn SmithOpening Balance 957,706.23 823,288.07Contributions - Employer 100,000.00 100,000.00Share of Net Income (Loss) 8,735.60 55,804.30Income Tax Expense (21,251.60) (21,386.14)
1,045,190.23 957,706.23Sally SmithOpening Balance 957,706.24 823,288.07Contributions - Employer 100,000.00 100,000.00Share of Net Income (Loss) 8,735.59 55,804.31Income Tax Expense (21,251.60) (21,386.14)
1,045,190.23 957,706.242,090,380.46 1,915,412.47
TOTAL EQUITY 2,090,380.46 1,915,412.47
This report is to be read in conjunction with the attached audit report. 1035 0812 Financial Statement
Red File Tab 2 or 3
SAMPLE RETIREMENT PLANNOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
Note 1: Statement of significant accounting policies
This financial report is a special purpose financial report prepared for the use by the Members of the Fund to satisfy the accountability requirements of the Superannuation Industry (Supervision) Act 1993 and the trust deed.The Trustee determined that the requirements of Australian Standards and other mandatory reporting requirements (Urgent Issues Group Consensus Views) do not have mandatory applicability to Sample Retirement Plan.
The financial report has been prepared in accordance with the following Australian Accounting Standards:
AASB 112: Income Taxes AASB 1031: Materiality AASB 110: Events After the Balance Sheet Date
No other Australian Accounting Standards or other mandatory professional reporting requirements (UrgentIssues Group Consensus Views) have been applied in the preparation of this financial report.
The financial report is also prepared on an accruals basis. They are based on historic costs and does not take intoaccount changing money values or, except where stated, current valuations of non-current assets.
The following specific accounting policies, which are consistent with prior periods unless stated otherwise, havebeen adopted in the preparation of this financial report.
Investments
Investments are brought to account at cost or valuation. Dividends and interest are brought to account whenreceived.
Property, Plant and Equipment
Property, plant and equipment are carried at cost or independent valuation. All assets excluding freehold landand buildings are depreciated over their useful lives.
These notes should be read in conjunction with the attached audit report.
1035 0812 Financial Statement
JOHN SMITH AND SALLY SMITHAS TRUSTEES FOR SAMPLE RETIREMENT PLAN
TRUSTEES DECLARATION
The Trustees have determined that the Fund is not a reporting entity. This special purpose financial report has been prepared accordingly.
In the opinion of the Trustees:
(i) The financial statements for the year ended 30 June 2008 present fairly the financial position of the Superannuation Fund at 30 June 2008 and the results of its operations for the year then ended in accordance with the accounting policies of the Fund; and
(ii) The financial statements have been prepared in accordance with the requirements of the Trust Deed; and
(iii) The operation of the Superannuation Fund has been carried out in accordance with its Trust Deed and in compliance with the requirements of the Superannuation Industry (Supervision) Act 1993 during the year ended 30 June 2008.
Signed by:
______________________________John Smith - Trustee
______________________________Sally Smith - Trustee
Dated: / /
1035 0812 Financial Statement
SAMPLE RETIREMENT PLANINDEPENDENT AUDIT REPORT TO THE MEMBERSOF SAMPLE RETIREMENT PLAN
Part A Financial Report
I have audited the attached special purpose financial report of Sample Retirement Plan comprising the Profit and Loss Statement, Balance Sheet and the Trustees Declaration for the year ended 30 June 2008.
Trustee's Responsibility for the Financial Report
The Trustees are responsible for the preparation and presentation of the financial report and has determined that the accounting policies used are consistent with the financial reporting requirements of the superannuation entity's constitution, comply with the requirements of the Superannuation Industry (Supervision) Act 1993 (the SIS Act) and the Superannuation Industry (Supervision) Regulations 1994 (SIS Regulations), and are appropriate to meet the needs of the Members. The Trustees' responsibility includes establishing and maintaining internal controls relevant to the preparation and fair presentation of the financial statements that are free from material misstatement, whether due to fraud or error, and making accounting estimates that are reasonable in the circumstances.
Auditor's Responsibility
My responsibility is to express an opinion on the financial statements based on my audit. I have conducted an independent audit of the financial statements in order to express an opinion on them to the trustees and members of Sample Retirement Plan. No opinion is expressed as to whether the accounting policies used are appropriate to the needs of the Members.
The financial statements have been prepared for distribution to the Members for the purpose of fulfilling the Trustees' financial reporting requirements under the superannuation entity's constitution. I disclaim any assumption of responsibility for any reliance on this report or on the financial statements to which it relates to any person other than the Members, or for any purpose other than that for which it was prepared.
My audit has been conducted in accordance with Australian Auditing Standards. These Auditing Standards require that I comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal controls relevant to the Trustees' preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trustees' internal controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the trustees, as well as evaluating the overall presentation of the financial statements.
I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.
Audit Opinion
In my opinion, the financial statements presents fairly in accordance with the accounting policies of the Fund, the financial position of Sample Retirement Plan as at 30 June 2008 and the results of its operations for the year ended 30 June 2008.
1035 0812 Financial Statement
SAMPLE RETIREMENT PLANINDEPENDENT AUDIT REPORT TO THE MEMBERSOF SAMPLE RETIREMENT PLAN
Part B Compliance
Trustees' Responsibility for Compliance
The Trustees are responsible for complying with the requirements of the SIS Act and SIS Regulations.
Auditor's Responsibility
I have conducted tests in accordance with Australian Auditing Standards as necessary to provide reasonable assurance as to whether Sample Retirement Plan has complied, in all material respects, with the relevant requirements of the following provisions (to the extent applicable) of the SIS Act and the SIS Regulations;
Sections: 35B, 52(2)d, 52(2)e, 62, 65, 66, 67, 69-71E, 73-75, 80-85, 103, 106, 109, 111, 113(1A), 121; and Regulations: 4.09, 5.08, 6.17, 7.04, 13.12, 13.13, 13.14
My procedures included examination, on a test basis, of evidence supporting compliance with those requirements of the SIS Act and the SIS Regulations.
These tests have not been performed continuously throughout the period, were not designed to detect all instances of non-compliance, and have not covered any other provisions of the SIS Act and SIS Regulations apart from those specified. The Trustees are responsible for ensuring compliance with the requirements of the SIS Act and the SIS Regulations.
My procedures with respect to section 62 included testing that the Fund trust deed establishes the Fund solely for the provision of retirement benefits for Fund Members or their dependants in the case of the Members death before retirement; a review of investments to ensure the fund is not providing financial assistance to Members, unless allowed under the legislation; and that no preserved benefits have been paid before a condition of release has been met.
My procedures with respect to regulation 4.09 included testing that the Trustees has an investment strategy, that the Trustees has given consideration to risk, return, liquidity and diversification and that the Fund's investments are made in line with that investment strategy. No opinion is made on the investment strategy or its appropriateness to the Fund Members.
My opinion on compliance expressed in this report has been formed on the above basis.
Audit Opinion
In my opinion Sample Retirement Plan has complied, in all material respects, with the requirements of the SIS Act and the SIS Regulations specified above for the year ended 30 June 2008.
______________________________Auditor's Name - AuditorUnit 13 484 Graham Street Port Melbourne
Dated: / /
1035 0812 Financial Statement
SAMPLE RETIREMENT PLANMEMBERS INFORMATION STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
John Smith
Account SummaryOpening Balance 957,706.23 Contributions - Employer 100,000.00 Share of Net Income (Loss) 8,735.60 Income Tax Expense (21,251.60)Closing Balance 1,045,190.23
Withdrawal Benefits as at 30 June 2008
ComponentsTax Free 150,000.00 Taxable 895,190.23 Total Withdrawal Benefits 1,045,190.23
PreservationPreserved 1,045,190.23 Total Withdrawal Benefits 1,045,190.23
Your withdrawal benefit is the amount you are entitled to on resignation or retirement and represents the sum of: - member contributions - superannuation guarantee contributions - award contributions - other employer contributions made on your behalfand earnings (after income tax) associated with the above contributions.
The preserved portion of your withdrawal benefit is the amount which cannot be paid out until you permanently retire from the workforce on or after age 55 or on death. The preservation age is to be increased from age 55 to age 60, on a phased in basis, by 2025.
Changes to superannuation legislation effecitve from 1 July 2007 have impacted on the taxation components of your superannuation benefit. You should seek advise regarding this before accessing any of your benefit.
If you require further information on your withdrawal benefit please contact John Smith.
1035 0812 Financial Statement
SAMPLE RETIREMENT PLANMEMBERS INFORMATION STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
Sally Smith
Account SummaryOpening Balance 957,706.24 Contributions - Employer 100,000.00 Share of Net Income (Loss) 8,735.59 Income Tax Expense (21,251.60)Closing Balance 1,045,190.23
Withdrawal Benefits as at 30 June 2008
ComponentsTax Free 150,000.00 Taxable 895,190.23 Total Withdrawal Benefits 1,045,190.23
PreservationPreserved 1,045,190.23 Total Withdrawal Benefits 1,045,190.23
Your withdrawal benefit is the amount you are entitled to on resignation or retirement and represents the sum of: - member contributions - superannuation guarantee contributions - award contributions - other employer contributions made on your behalfand earnings (after income tax) associated with the above contributions.
The preserved portion of your withdrawal benefit is the amount which cannot be paid out until you permanently retire from the workforce on or after age 55 or on death. The preservation age is to be increased from age 55 to age 60, on a phased in basis, by 2025.
Changes to superannuation legislation effecitve from 1 July 2007 have impacted on the taxation components of your superannuation benefit. You should seek advise regarding this before accessing any of your benefit.
If you require further information on your withdrawal benefit please contact John Smith.
1035 0812 Financial Statement
SAMPLE RETIREMENT PLAN
SHARE PORTFOLIO AS AT 30TH JUNE 2008
Total 96,418.05 143,184.75 24,496.27 9,842.99 10,249.79 10,212.60 13,945.61 37.19 (3,695.82) 100,858.73 143,892.42 116,066.38 (27,826.04) 15,207.65
Description ASX Date Number Actual Market Number Actual Return of Date Number Disposal Cost of Mkt Value Acctg. Acctg. Cost of Portfolio No.Shares Share Market Change in Change in
Code Purchased Held at Cost Value Bought Cost Capital Sold Sold Proceeds Shares of Shares Profit/Loss Profit/Loss Shares Pre-Revalue 30-Jun-08 Price Value M.V. for M.V. since
30-Jun-07 30-Jun-07 2007/2008 2007/2008 Sold Sold since purchase for year 30-Jun-08 30-Jun-08 30-Jun-08 30-Jun-08 year purchase
Allco Finance Group Ltd AFG 11-Dec-07 900 7,015.33 0.00 0.00 7,015.33 7,015.33 900 0.400 360.00 (6,655.33) (6,655.33)
Asciano Ltd - Stapled AIO 15-Nov-06 600 4,135.49 6,078.00 220.60 0.00 0.00 3,914.89 5,857.40 600 3.470 2,082.00 (3,775.40) (1,832.89)
ANZ Banking Group Ltd ANZ 18-Sep-98 500 4,326.45 14,495.00 0.00 0.00 4,326.45 14,495.00 500 18.720 9,360.00 (5,135.00) 5,033.55
BHP Billiton Ltd BHP 15-Nov-06 375 10,160.55 13,136.25 0.00 0.00 10,160.55 13,136.25 375 43.700 16,387.50 3,251.25 6,226.95
Brambles Industries Ltd BXB 15-Nov-06 750 9,735.93 9,135.00 0.00 0.00 9,735.93 9,135.00 750 8.730 6,547.50 (2,587.50) (3,188.43)
Coles Myer Ltd CGJ 18-Sep-98 500 3,494.67 8,060.00 2,612.62 23/11/2007 500 2,000.00 882.05 5,447.38 1,117.95 (3,447.38) 0.00 0.00 -
Centrebet Ltd CIL 08-Jun-07 3,600 8,135.04 7,668.00 11/12/2007 3,600 7,049.79 8,135.04 7,668.00 (1,085.25) (618.21) 0.00 0.00 -
Consolidated Media Holding CMJ 21-Dec-07 400 1,480.00 0.00 0.00 1,480.00 1,480.00 400 3.300 1,320.00 (160.00) (160.00)
Crown CWN 21-Dec-07 400 5,529.77 0.00 0.00 5,529.77 5,529.77 400 9.290 3,716.00 (1,813.77) (1,813.77)
Jabiru Metals Ltd JML 18-Apr-07 7,500 9,743.52 10,762.50 0.00 0.00 9,743.52 10,762.50 7,500 0.575 4,312.50 (6,450.00) (5,431.02)
Leighton Holdings Ltd LEI 28-Feb-07 225 7,094.95 9,281.25 0.00 0.00 7,094.95 9,281.25 225 50.850 11,441.25 2,160.00 4,346.30
Macquarie Group Ltd MQG 20-Aug-07 115 7,858.55 0.00 0.00 7,858.55 7,858.55 115 48.640 5,593.60 (2,264.95) (2,264.95)
Orica Ltd ORI 18-Sep-98 500 4,191.30 14,900.00 0.00 0.00 4,191.30 14,900.00 500 29.300 14,650.00 (250.00) 10,458.70
Publishing & Broadcasting Ltd PBL 15-Nov-06 400 8,205.28 7,840.00 7,009.77 21/12/2007 400 1,200.00 1,195.51 830.23 4.49 369.77 0.00 0.00 -
Rio Tinto RIO 15-Nov-06 125 9,604.50 12,348.75 0.00 0.00 9,604.50 12,348.75 125 135.500 16,937.50 4,588.75 7,333.00
Sunland Group Ltd SDG 28-Feb-07 1,950 7,550.66 7,956.00 0.00 0.00 7,550.66 7,956.00 1,950 2.270 4,426.50 (3,529.50) (3,124.16)
Toll Holdings Ltd TOL 15-Nov-06 600 5,477.96 8,694.00 0.00 0.00 5,477.96 8,694.00 600 6.020 3,612.00 (5,082.00) (1,865.96)
Westpac Banking Corporation WBC 18-Sep-98 500 4,561.75 12,830.00 0.00 0.00 4,561.75 12,830.00 500 20.000 10,000.00 (2,830.00) 5,438.25
Wesfarmers Ordinary Shares WES 23-Nov-07 71 1,298.92 0.00 0.00 1,298.92 1,298.92 71 37.300 2,648.30 1,349.38 1,349.38
Wesfarmers Partially Protected WESN 23-Nov-07 71 1,313.70 0.00 0.00 1,313.70 1,313.70 71 37.630 2,671.73 1,358.03 1,358.03
25/02/20095:40 PM 1147 08v1 Shares Portfolio Pages1
AustensCertified Practising Accountants"Adding Value to Your Life, not Just Your Business"
Locked Bag 33Port Melbourne Victoria 3207
Telephone: 9646 6377Facsimile: 9646 6275E-mail: reception@austens.com.au
ACN 999 999 999
FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
TRUSTEE COMPANY 1 PTY LTD
TRUSTEE COMPANY 1 PTY LTDACN 999 999 999PROFIT AND LOSS STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
2008 2007
Operating Profit before Income Tax - -Income Tax attributable to Operating Profit - -Operating Profit after Income Tax - -
Retained Profits at the end of the Financial Year - -
This report should be read in conjunction with the attached compilation report.
1035 0801 Financial Statement
TRUSTEE COMPANY 1 PTY LTDACN 999 999 999BALANCE SHEETAS AT 30 JUNE 2008
2008 2007
Current AssetsCash 2.00 2.00 Total Current Assets 2.00 2.00
Total Assets 2.00 2.00
Net Assets 2.00 2.00
EquityIssued Capital 2.00 2.00 Total Equity 2.00 2.00
This report should be read in conjunction with the attached compilation report.
1035 0801 Financial Statement
TRUSTEE COMPANY 1 PTY LTDACN 999 999 999NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
Note 1: Statement of significant accounting policiesThis financial report is a special purpose financial report prepared for the use by the Member of the Company. The Director has determined that the Company is not a reporting entity and hence the requirements of AustralianAccounting Standards and other mandatory professional reporting requirements (Urgent Issues Group ConsensusViews) do not have mandatory applicability to the Company.
The financial report has been prepared in accordance with the following Australian Accounting Standards:
AAS 5: Materiality AAS 8: Events Occurring After Reporting Date
No other Australian Accounting Standards or other mandatory professional reporting requirements (Urgent IssuesGroup Consensus Views) have been applied in the preparation of this financial report.
The financial report is also prepared on an accruals basis. They are based on historic costs and does not take intoaccount changing money values or, except where stated, current valuations of non-current assets.
Note 2: Trust liabilities and right of indemnity
2008 2007
Current LiabilitiesCreditors and Borrowings 62,000.00 85,000.00 Provisions - -Total Current Liabilities 62,000.00 85,000.00
Non Current LiabilitiesCreditors and Borrowings 592,500.00 732,500.00 Provisions - -Total Non Current Liabilities 592,500.00 732,500.00
Total Liabilities 654,500.00 817,500.00
Right of Indemnity 654,500.00 817,500.00
The assets of the entity that the Company acts as Trustee for, which lie behind the Right of Indemnity, arenot directly available to meet any liabilities of the Company acting in its own right.The assets of the entity were sufficient to discharge all liabilities of the entity at 30 June 2008 and 30 June 2007.
Note 3: Contingent liabilitiesA contingent liability exists relative to any future claims which may be made against the Company arising fromits Trusteeship dealings.
These notes are to be read in conjunction with the attached compilation report.
The Company acts as Trustee of a trust and liabilities have been incurred on behalf of the trust in the Company 's capacity as corporate trustee. Liabilities incurred on behalf of the trust are not recognised in the financial statements when it is not probable that the Company will have to meet any of those liabilities from its own resources. When it is probable that the Company will have to meet some of those liabilities a liability for the Deficiency in Trust Right of Indemnity will be brought to account. Details of liabilities, the offsetting Right of Indemnity, and any deficiency in the Trust Right of Indemnity are disclosed by way of note to the financial statements.
Liabilities of Sample Family Trust not recorded in the financial statements of the company were:
Right of Indemnity for liabilities incurred by the company on behalf of Sample Family Trust not recorded in the financial statements of the company were:
1035 0801 Financial Statement
TRUSTEE COMPANY 1 PTY LTDACN 999 999 999
DIRECTOR DECLARATION
______________________________John Smith - Director
Dated: / /
2. in the Director's opinion there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due.
This declaration is made in accordance with a resolution of the Director.
The Director has determined that the Company is not a reporting entity. The Director has determined that a special purpose financial report should be prepared accordingly.
The Director of the Company declares:
1. the financial statements present fairly the Company's financial position as at 30 June 2008 and it's performance for the year ended on that date.
1035 0801 Financial Statement
TRUSTEE COMPANY 1 PTY LTDACN 999 999 999
COMPILATION REPORT TOTRUSTEE COMPANY 1 PTY LTD
Scope
______________________________Accountant Name
Dated: / /
Our procedures use accounting expertise to collect, classify and summarise the financial information, which the Director provided into a financial report. Our procedures do not include verification or validation procedures. No audit or review has been performed and accordingly no assurance is expressed.
To the extent permitted by law, we do not accept liability for any loss or damage which any person, other than the Company may suffer arising from any negligence on our part. No person should rely on the special purpose financial report without having an audit or review conducted.
The special purpose financial report was prepared for the benefit of the Director and the Member of Trustee Company 1 Pty Ltd for the purpose identified above. We do not accept responsibility to any other person for the contents of the special purpose financial report.
Port Melbourne Victoria 3207Telephone: 9646 6377Fascimile: 9646 6275
On the basis of information provided by the Director we have compiled in accordance with APS 9 'Statement on Compilation of Financial Reports', the special purpose financial report of Trustee Company 1 Pty Ltd for the period ended 30 June 2008.
The specific purpose of the special purpose financial report is to provide confidential financial information to the Director and the Member. The Director has determined that Trustee Company 1 Pty Ltd is not a reporting entity. Applicable Australian Accounting Standards and other mandatory professional reporting requirements have not been applied in the preparation of the special purpose financial report.
The Director is solely responsible for the information contained in the special purpose financial report and has determined that the accounting policies used are consistent with the financial reporting requirements of Trustee Company 1 Pty Ltd's constitution and are appropriate to meet the needs of the Director and the Member.
AUSTENS PTY LTDCertified Practising Accountants
Suite 5 11 Beach StreetLocked Bag 33
1035 0801 Financial Statement
AustensCertified Practising Accountants"Adding Value to Your Life, not Just Your Business"
Locked Bag 33Port Melbourne Victoria 3207
Telephone: 9646 6377Facsimile: 9646 6275E-mail: reception@austens.com.au
ACN 999 999 999
FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
TRUSTEE COMPANY 2 PTY LTD
TRUSTEE COMPANY 2 PTY LTDACN 999 999 999PROFIT AND LOSS STATEMENTFOR THE YEAR ENDED 30 JUNE 2008
2008 2007
Operating Profit before Income Tax - -Income Tax attributable to Operating Profit - -Operating Profit after Income Tax - -
Retained Profits at the end of the Financial Year - -
This report should be read in conjunction with the attached compilation report.
1035 0811 Financial Statement
TRUSTEE COMPANY 2 PTY LTDACN 999 999 999BALANCE SHEETAS AT 30 JUNE 2008
2008 2007
Current AssetsCash 2.00 2.00 Total Current Assets 2.00 2.00
Total Assets 2.00 2.00
Net Assets 2.00 2.00
EquityIssued Capital 2.00 2.00 Total Equity 2.00 2.00
This report should be read in conjunction with the attached compilation report.
1035 0811 Financial Statement
TRUSTEE COMPANY 2 PTY LTDACN 999 999 999NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008
Note 1: Statement of significant accounting policiesThis financial report is a special purpose financial report prepared for the use by the Members of the Company. The Directors have determined that the Company is not a reporting entity and hence the requirements of AustralianAccounting Standards and other mandatory professional reporting requirements (Urgent Issues Group ConsensusViews) do not have mandatory applicability to the Company.
The financial report has been prepared in accordance with the following Australian Accounting Standards:
AAS 5: Materiality AAS 8: Events Occurring After Reporting Date
No other Australian Accounting Standards or other mandatory professional reporting requirements (Urgent IssuesGroup Consensus Views) have been applied in the preparation of this financial report.
The financial report is also prepared on an accruals basis. They are based on historic costs and does not take intoaccount changing money values or, except where stated, current valuations of non-current assets.
Note 2: Trust liabilities and right of indemnity
2008 2007
Current LiabilitiesCreditors and Borrowings - -Provisions - -Total Current Liabilities - -
Non Current LiabilitiesCreditors and Borrowings - -Provisions - -Total Non Current Liabilities - -
Total Liabilities - -
Right of Indemnity - -
The assets of the entity that the Company acts as Trustee for, which lie behind the Right of Indemnity, arenot directly available to meet any liabilities of the Company acting in its own right.The assets of the entity were sufficient to discharge all liabilities of the entity at 30 June 2008 and 30 June 2007.
Note 3: Contingent liabilitiesA contingent liability exists relative to any future claims which may be made against the Company arising fromits Trusteeship dealings.
These notes are to be read in conjunction with the attached compilation report.
The Company acts as Trustee of a trust and liabilities have been incurred on behalf of the trust in the Company 's capacity as corporate trustee. Liabilities incurred on behalf of the trust are not recognised in the financial statements when it is not probable that the Company will have to meet any of those liabilities from its own resources. When it is probable that the Company will have to meet some of those liabilities a liability for the Deficiency in Trust Right of Indemnity will be brought to account. Details of liabilities, the offsetting Right of Indemnity, and any deficiency in the Trust Right of Indemnity are disclosed by way of note to the financial statements.
Liabilities of Sample Unit Trust not recorded in the financial statements of the company were:
Right of Indemnity for liabilities incurred by the company on behalf of Sample Unit Trust not recorded in the financial statements of the company were:
1035 0811 Financial Statement
TRUSTEE COMPANY 2 PTY LTDACN 999 999 999
DIRECTORS DECLARATION
______________________________John Smith - Director
______________________________Sally Smith - Director
Dated: / /
2. in the Directors' opinion there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due.
This declaration is made in accordance with a resolution of the Directors and is signed for and on behalf of the Directors by:
The Directors have determined that the Company is not a reporting entity. The Directors have determined that a special purpose financial report should be prepared accordingly.
The Directors of the Company declare:
1. the financial statements present fairly the Company's financial position as at 30 June 2008 and it's performance for the year ended on that date.
1035 0811 Financial Statement
TRUSTEE COMPANY 2 PTY LTDACN 999 999 999
COMPILATION REPORT TOTRUSTEE COMPANY 2 PTY LTD
Scope
______________________________Accountant Name
Dated: / /
Our procedures use accounting expertise to collect, classify and summarise the financial information, which the Directors provided into a financial report. Our procedures do not include verification or validation procedures. No audit or review has been performed and accordingly no assurance is expressed.
To the extent permitted by law, we do not accept liability for any loss or damage which any person, other than the Company may suffer arising from any negligence on our part. No person should rely on the special purpose financial report without having an audit or review conducted.
The special purpose financial report was prepared for the benefit of the Directors and the Members of Trustee Company 2 Pty Ltd for the purpose identified above. We do not accept responsibility to any other person for the contents of the special purpose financial report.
Port Melbourne Victoria 3207Telephone: 9646 6377Fascimile: 9646 6275
On the basis of information provided by the Directors we have compiled in accordance with APS 9 'Statement on Compilation of Financial Reports', the special purpose financial report of Trustee Company 2 Pty Ltd for the period ended 30 June 2008.
The specific purpose of the special purpose financial report is to provide confidential financial information to the Directors and the Members. The Directors have determined that Trustee Company 2 Pty Ltd is not a reporting entity. Applicable Australian Accounting Standards and other mandatory professional reporting requirements have not been applied in the preparation of the special purpose financial report.
The Directors are solely responsible for the information contained in the special purpose financial report and have determined that the accounting policies used are consistent with the financial reporting requirements of Trustee Company 2 Pty Ltd's constitution and are appropriate to meet the needs of the Directors and the Members.
AUSTENS PTY LTDCertified Practising Accountants
Suite 5 11 Beach StreetLocked Bag 33
1035 0811 Financial Statement
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Page 1 of 6
Day Month Year Day Month Year
toOr specify period if part year or approved substitute period
tax return 2008
instructions), available from the Tax Office.the
Liquidation?
(the
ABN
Is a payment due?
Is a refund due?
Tax file number (TFN)
Company
Company tax return instructions 2008 Notes to help you prepare this tax return are in
business number (ABN)Name of company and Australian SAMPLE CORPORATE BENEFICIARY PTY LTD
Y
N
as shown on the last tax return lodgedexactlyand show Australian company number (ACN) or ACN/ARBN
Australian registered business number (ARBN).
nameIf the company name has changed, print the previousPrevious name of company
asexactlyshown on the last tax return lodged.If the address has not changed, print itCurrent postal address
3207VICPort Melbourne
Locked Bag 33
C/- Austens
lodged.as shown on the last tax returnexactlyaddress
If the address has changed, print the previousPostal address on previous tax return
Business address of main business
3207VICPort Melbourne
13/484 Graham Street
Final tax return N
IN-CONFIDENCE�when completed Detailed
Page 2 of 6Company tax return 2008 SAMPLE CORPORATE BENEFICIARY PTY LTD
TFN:
ABN
and ABN or country codeUltimate holding company name1
and ABNImmediate holding company name
ABN
ABcode
Industry
shareholdingPercentage of foreign %
Description of main business activity2
62400Investment company operation
permanent estab. C3Non-residentsubsidiary member
head company
Z2
Z1Consolidated
Consolidated
E1
E2
E3
D10
D9
D8
D7
D4
D5
D6D1
D3C2
C1
businessCommenced
businessCeased
businessMultiple
partnershipLimited
development fundPooled
Strata title
Non-resident
Resident
Non-profit
Cooperative
Private
Public
trading trustPublic
unit trustCorporate
in a box if applicableXprint Status of company�3
XX
X
election or revocation 2008.If revoking an interposed entity election, print R and complete and attach the Interposed entity
Lincome year specified of the earliest election (for example, for the 2007-08 income year write 2008).If the company has made, or is making, one or more interposed entity elections, write the four-digit
Interposed entity election status4
instructions 2008 for further information.The STS provisions have been replaced with new streamlined provisions for small business entities. Refer to the Company tax return
Simplified Tax System (STS) elections�5
gain from a trust.distribution of a capitalcompany received ano. Print Y at G if the
you held other than as an initial participant?Zmanaged investment scheme interest that
Did this CGT event relate to a forestry
for no.Norfor yesYPrint
scheme income XForestry managed investment
of assets to fair valueJUnrealised gains on revaluation
from trusts
AABN not quotedGross payments where
F
from a New Zealand company CAustralian franking credits
JFranking credits
item 6T
/
/
subject to R&&D tax concession DAccounting expenditure in item 6
Information statement
Reconciliation to taxable income or loss7
/shown atTotal profit or loss amount
//
/
/
U
A
G
Do you need to complete a Capital gains tax(CGT) schedule 2008?
event during the year?Did you have a CGT
forNorfor yesYPrint
Net capital gain
income expenditureNon-deductible exempt
Add:
W
B
Subtotal
Other assessable income
Non-deductible expenses
Q
E
B
C
D
F
G
H
I
R
S
industry paymentsAssessable government
Gross distribution
foreign resident withholdingGross payments subject to
and servicesOther sales of goods
from partnershipsGross distribution
CODE
Gross interest
leasing and hiring incomeGross rent and other
Total dividends
contributionsFringe benefit employee
CODE
Other gross income
FTotal income
Income
Calculation of total profit or loss6
To be completed by all companies
40,113
N
40,113
T41,325
41,325
IN-CONFIDENCE�when completed Detailed
Page 3 of 6Company tax return 2008 SAMPLE CORPORATE BENEFICIARY PTY LTD
TFN:
CODEincremental 50% deduction /MAustralian owned R&D - extra
Jconcession-not including label KForeign owned R&D tax
scheme deduction UForestry managed investment
foreign financial entity) a foreign bank branch or a PE of a
instructions.Seeobligation ?reportingpayment or
overseas
withholdingnon-residentDo you have a
expenses
expenses
overseas
of assets to fair value GUnrealised losses on revaluation
2008?
a
withholding expenses
/ACost of sales
incremental 75% deduction
tax concessiondevelopmentResearch and
schedule 2008?
to complete aDo you need
/
Losses
Total incomeTotal expenses
Add:
for capital expenditure
of depreciating assets
/
CODE
R&D tax offset,if chosen Y
/Subtraction items subtotal
schedule
to complete
ZSection 40-880 deduction
deducted
F/
Do you need
RTax losses
Tax losses transferred in (from or to:S
Taxable income or loss T
in assessable incomeOther income not included Q
Other deductible expenses X
/
/
C
F
E
H
I
L
K
N
O
P
V
for flow-on dividendsSection 46FA deductions
Deduction for decline in value
Immediate deduction
project poolDeduction for
Capital works deductions
concession-not including label MAustralian owned R&D tax
Foreign owned R&D - extra
decline in value of water facilityLandcare operations and deduction for
protection expensesDeduction for environmental
Offshore banking unit adjustment
Exempt income
Less:
T
J
Z
Y
X
U
W
V
H
I
F
E
D
C
B
Q
S
FSfrom
QSubtract
Total profit or loss
Interest expenses
Repairs and maintenance
Motor vehicle
Depreciation
Royalty expenses
within AustraliaRoyalty expenses
within AustraliaInterest expenses
Rent expenses
Lease expenses overseas
within AustraliaLease expenses
Bad debts
Superannuation expenses
and commission expensesContractor, sub-contractor
Foreign resident
Total expenses
Expenses
All other expenses
0
40,113
40,113
1,212
1,212
CODE
/CODE
Excess franking offsets HBalance of unfranked non-portfolio
/and their associatesLoans to shareholders N
Ldividend account at year endOFunctional currency chosen
translation rateFunctional currency N
Financial and other information8
IN-CONFIDENCE�when completed Detailed
Page 4 of 6Company tax return 2008 SAMPLE CORPORATE BENEFICIARY PTY LTD
TFN:
/
during income yearincome distributed G
Conduit foreignforeign income FBalance of conduit
country
CODE
Attributed foreign income
DTA country Y
from withholding under a DTAInterest to financial institution exempt I
Losses
Losses schedule 2008?
schedule 2008?complete aDo you need to
aDo you need to complete
F
exempt interest paidSection 128F/128FA O
Foreign life policy X
Wfund incomeForeign investment
leave blank.
Afirst deductedOther depreciating assets
Zassets first deductedIntangible depreciating
depreciating assets
depreciable assets ETermination value of other
PTermination value of intangible
S
A
Purchases and other costs
Opening stock
KUnfranked dividends paid
MFranking account balance
associated persons
/
/
/
VTransferor trust
U
B
S
R
Q
Unlisted country
CSection 404
Listed country
Tax spared foreign tax credits
Net foreign income
Payments to
wage expensesTotal salary and D
CODE
J
R
K
J
H
G
F
E
D
C
B
Franked dividends paid
FShareholders� funds
forgivenessCommercial debt
Total debt
Total liabilities
All current liabilities
Trade creditors
Total assets
All current assets
Trade debtors
Trading stock election
Closing stock
orfor yesYPrint
140,557
327,968
12,034
12,034
12,034
340,002
2
Forestry managed investment schemes
Product / private ruling information
9
IHG
required to complete a Capital allowances schedule 2008.
assets (25 years or more)Deduction for long-life pool
Cassets (less than 25 years)Deduction for general pool
Bassets (less than $1,000)Deduction for low-cost
A
For completion by small business entities only. Small business entities using this concession are not
Small business entity depreciating assets10
Entrepreneurs tax offsetSmall business entity
11Net small business
Entrepreneurs tax offsetCODEaggregated turnover entity income
/ FED
forward to later income yearsforward from prior years
is greater
Net capital losses carried
Collectables
Non-Collectables
Net capital losses brought
or a Losses schedule 2008, and VUthan $100,000. Refer to the applicable schedule instructions for full details of who must complete the schedule.
as applicable, if the sum ofConsolidated losses schedule 2008
U
V
Complete and attach a
Net capital losses carried forward to later income years
Tax losses carried forward to later income yearsLosses information12
Personal services income schedule 2008., complete and attach aNat labelYIf you printed
N FDoes your income include an individual�s personal services income?for no.Nor
for yesYPrintPersonal services income13 N
IN-CONFIDENCE�when completed Detailed
Page 5 of 6Company tax return 2008 SAMPLE CORPORATE BENEFICIARY PTY LTD
TFN:
A %Percentage of non-member incomeLicensed clubs only14
15
- ordinary classNet capital gain
superannuation classNet capital gain - complying F
Assessable contributions E
D
Fees and chargesC
Complying super class BLife insurance companies and friendly societies only
Pooled development funds
Genterprises incomeSmall and medium sized Unregulated investment income H
16
contributions of RSAs VNet taxable income from RSAs
Exempt income from RSAs S
Total deductions from RSAs T
Assessable W
Gross income of RSAs R
Retirement savings accounts (RSAs) providers only17
18brought forward from prior years
Landcare and water facility tax offset KLandcare and water facility tax offset
19 Q for no.Norfor yesYPrintDid you sell any goods or services using the internet?Internet trading N
OR
was the
Guide to thin
for no.Norfor yesYPrint
OR
25
Imanaged from one of those countries?of any funds, property, assets or investments located in, or located elsewhere but controlled orDo you have the ability or expectation, to control, whether directly or indirectly, the disposition of any
instructions, any funds or propertyDid you directly or indirectly send to, or receive from, one of the countries specified in theTransactions with specified countries
Thin capitalisation schedule 2008.? If yes, complete thecapitalisation
Schedule 25A 2008.
amount of assessable foreign income greater than $500,000?
Foreign source income
P for no.Norfor yesYPrint
Did the thin capitalisation provisions apply as outlined in the instructions and the
24
Thin capitalisation
F
O for no.Norfor yesYPrint
Was the amount of foreign tax credits paid or carried forward greater than $100,000,
23
Overseas interestsZ for no.Nor
for yesYPrintcontrolled foreign entity, transferor trust, foreign investment fund or foreign life policy?Did you have an overseas branch or a direct or indirect interest in a foreign trust, foreign entity,
22
21 Y for no.Norfor yesYPrint
the value of property transferred or the balance outstanding on any loans) greater than $1 million?Was the aggregate amount of the transactions or dealings with international related parties (including
20
If you printed Y at items 21 or 22, complete and attach a
X for no.Norfor yesYPrint
tangible or intangible property and any new or existing financial arrangements.they were on revenue or capital account)? Such transactions or dealings include the transfer ofDid you have any transactions or dealings with international related parties (irrespective of whetherInternational related party dealings/transfer pricing
- the following questions must be answeredOverseas transactions or interests/thin capitalisation/foreign source income
N
N
N
N
N
N
,,I
foreign resident withholdingCredit for tax withheld - I
ZU,YW,V,T
EandD
Other refundable credits Z
tax offset
R&D tax offset
Total amount of tax payable
and
S
Less: R
Add: H
Tax payable
Less: Total of labels G
Tax assessed
Less: CRebates/tax offsets
BGross tax
ATaxable or net income
Calculation statement
U
interest/investmentsTax withheld from Y
where ABN not quotedCredit for tax withheld W
payments - amount of interestCredit for interest on early V
PAYG instalments raised T
Franking deficit E
Foreign tax credits D
F
Sec102AAM interest
Total of
0.00 12,033.90
0.00
12,033.90
0.00
12,033.90
12,033.90
40,113
IN-CONFIDENCE�when completed Detailed
Page 6 of 6Company tax return 2008 SAMPLE CORPORATE BENEFICIARY PTY LTD
TFN:
you provide on this tax return to maintain the integrity of the register. For further information refer to the instruction guide.The Commissioner of Taxation, as Registrar of the Australian Business Register, may use the ABN and business details which
Agent's telephone number
I declare that the information in this tax return is true and correct.
Day Month Year
Public officer's name
Declaration
Agent's reference numberNumberArea codeContact name
Client's reference
authorised me to lodge the tax return.has given me a declaration stating that the information provided to me is true and correct and that the taxpayer has
I,
J
NumberArea code
F F
Daytime contact number
FPublic officer's signature
Day Month Year
complete this tax returnHours taken to prepare and
Agent's signature
Tax agent's declaration
declare that this tax return has been prepared in accordance with information supplied by the taxpayer, that the taxpayer
John
SmithMr
/ /
555190099646637703Paul Englefield
999902
03 96466377
/ /
AUSTENS PTY LTD
IN-CONFIDENCE�when completed Detailed
Page 1 of 8
tax return 2008Trust
ABN
'other attachments'?Have you attached any
Tax file number (TFN)Partnership and trust tax return instructions 2008
(the instructions), available from the Tax Office.in theNotes to help you prepare this tax return are provided
Day Month Year Day Month Year
or specify period if part year or approved substitute period
to
business number (ABN)Name of trust and Australian
No
SAMPLE UNIT TRUST
return lodged.shown on the last notice of assessment or the last taxIf the address has not changed, print it exactly asCurrent postal address
3207VICPort Melbourne
Locked Bag 33
C/- Austens
assessment or the last tax return lodged.address exactly as shown on the last notice ofIf the address has changed, print your previousPostal address on previous tax return
codeArea
ABN
Name
Given namesSurname or family name
Title�for example, Mr, Mrs, Ms, Miss
here including ABN.company, print details� If the trustee is a
numberTelephoneDaytime contact telephone number
details here.individual, print� If the trustee is an
notices should be senttrustee to whomFull name of the
Trustee Company 2 Pty Ltd
03 96466377
for variation andVcomplete and attach the Family trust election,
election or revocation 2008.and complete and attach the Interposed entityIf revoking an interposed entity election, print R
year write 2008).election (for example, for the 2007-08 incomefour-digit of the earliestincome year specifiedmore interposed entity elections, write theIf the trustee has made, or is making, one or
revocation or variation 2008.
for revoke or printprint RIf revoking or varying a family trust election,
2007-08 income year write 2008).of the election (for example, for thespecified
income year
Interposed entity election status
trust election, write the four-digitIf the trustee has made, or is making, a family
Family trust election status
Day Month Year
trust in section 50�5 of ITAA 1997.
Print X if also an item 1.5 charitable
the date of death.If code D, write
Type of trustthe type of trust.
Print the code representing U
Is this your final tax return?or N for no.Print Y for yesIs any tax payable by the trustee? NN
Must be six digits
or N for no.Print Y for yes
Do you want to use EFT for your refund this year?Electronic funds transfer (EFT)
If you printed Y, you must complete your account details below
Account name
Account numberBSB number
N
IN-CONFIDENCE�when completed Detailed
Page 2 of 8Trust Tax Return 2008 SAMPLE UNIT TRUST TFN:
code AIndustryDescription of main business activity1Leasing of plant or equipment 66310
BAforeign resident withholdingGross payments subject to
///
// /
//
D
F
HG
E
C
CODE
Primary production Non-primary production Totals
industry paymentsAssessable government
ABN not quotedGross payments where
CODE
Other business income F
Total business income
Business income and expenses5
excluding foreign incomeIncome
50,000 50,000
0 50,000 50,000
Pwithholding expensesForeign resident
NP O
N
M
L
K
J
I
H
G
F
E
D
C
///
///
- labels toTotal expenses
All other expenses
Repairs and maintenance
Motor vehicle expenses
Depreciation expenses
Total royalty expenses
Total interest expenses
Rent expenses
Lease expenses
Bad debts
Cost of sales
Superannuation expenses
and commission expensesContractor, sub-contractor
Expenses
41,019 41,019
1,050 1,050
39,969 39,969
///
///
///
Q R S
B
A
from businessNet income or loss
adjustmentsExpense reconciliation
adjustmentsIncome reconciliation
Add:
Add:
Reconciliation items
8,981 8,981
/
H
X
G
F
Other rental deductions
Capital works deductions
Interest deductions
Gross rent
Net rent
Rent9
26,000
105,000
79,000
11 Gross interest - including Australian Government loan interest
TFN amounts withheld from gross interest I
J 500
0.00
Bank TFN amt Gross amt
IN-CONFIDENCE�when completed Detailed
Page 3 of 8Trust Tax Return 2008 SAMPLE UNIT TRUST TFN: Cheque Account 500
/Add the boxesTotal of items 5 to 1415 88,481
P16 Deductions relating to Australian investment income
Deductions
$ /
Total of items 16 to 1819
FSubtract item 19 from item 15- other than capital gainsNet Australian income or loss20 88,481
as an initial participant? or N for no.Print Y for yesHinvestment scheme interest that you held other than
Did this CGT event relate to a forestry managed
if the trust received a distribution of a capital gain from a trust.
Capital gains tax (CGT) Schedule 2008?
G
Collectables
Non-Collectables
Net capital losses brought forward from prior years
Aor N for no.Print Y for yesG
Also print Y at label
event during the year?Did you have a CGT
Do you need to complete a
Net capital gain
Capital gains21N
, complete and attach aorLosses schedule 2008?
Schedule 25A 2008.TS
or N for no.Print Y for yes
or N for no.Print Y for yesS
T
Y
X
U
M
Do you need to complete aFIF/FLP income
Unlisted country
Section 404 country
Listed country
If you printed Y at labels
fund (FIF) or a foreign life assurance policy (FLP)?Did you have an interest in a foreign investmenttransferor trust?in a foreign trust, controlled foreign company orDid you have either a direct or indirect interest
Attributed foreign income22
Foreign income
N
N
/Add the boxesTotal of items 20 to 2324 88,481
/ FTotal net income or loss26 Subtract item 25 from item 24 88,481
or
Interest
YDTA country
from withholding under a DTA IInterest to financial institution exempt
DSection 128FA exempt interest paid
, attach the information requested in the instructions.
, complete and attach a
foreign tax credits
C Print Y for yesor N for no.
There is not a schedule to be completed for �Transactions with specified countries�.
managed from one of those countries?of any funds, property, assets or investments located in, or located elsewhere but controlled orDo you have the ability or expectation to control, whether directly or indirectly, the dispositioninstructions, any funds or propertyDid you directly or indirectly send to, or receive from, one of the countries specified in theTransactions with specified countries
Schedule 25A 2008.
A
W
Q
A
W
Print Y for yesor N for no.
Print Y for yesor N for no.the value of any property/service transferred or the balance of any loans) greater than $1 million?
Was the aggregate amount of your transactions or dealings with international related parties (including
'presently entitled' to a share of the income of the trust?Was any beneficiary who was not a resident of Australia at any time during the income year,
If you printed Y at label
Overseas transactions29
If you printed Y at label
Amount of tax spared
Overseas transactions
N
N
N
IN-CONFIDENCE�when completed Detailed
Page 4 of 8Trust Tax Return 2008 SAMPLE UNIT TRUST TFN:
individual�s personal services income?, complete and attachPersonal services income schedule 2008.
Na
N Print Y for yesor N for no. F
Does your income include an
Personal services income30
If you printed Y at labelN
/K
JTotal liabilities34
Proprietors' funds35
I
G
FAll current assets31
All current liabilities33
Total assets32
Key financial information
1,800,000
74,870
1,800,000
Business name of main business36
The following information must be filled in for all trusts carrying on a business.
Business and professional items
Sample Unit Trust
A
main businessBusiness address of37
3207VICPort Melbourne
13/484 Graham Street
/CODE
Yto a private companyUnpaid present entitlement56
value of water facilitySdeduction for decline in
Landcare operations and54
XSection 40-880 deduction50
PDeduction for project pool49
Wdepreciating assetsTermination value of other48
assetsOintangible depreciating
Termination value of47
assets first deducted
/
/
H
E
D
B
C
V
R
Q
T
U
N
M
L
Other depreciating46
contributionsFringe benefit employee51
Interest expenses overseas52
Royalty expenses overseas53
protection expensesDeduction for environmental55
or leave blank.Print Y for yes FTrading stock election57
CODE
associated personsPayments to44
wage expensesTotal salary and43
assets first deductedIntangible depreciating45
CODE
Opening stock38
Trade creditors42
Trade debtors41
Closing stock40
other costsPurchases and39
225,130
required to complete aFor completion by small business entities only. Small business entities using this concession are not
F
Capital allowances schedule 2008.
assets (less than $1000)Deduction for low cost
assets (less than 25 years)Deduction for general pool
assets (25 years or more)
B CA
Deduction for long life pool
Small business entity depreciating assets58
IN-CONFIDENCE�when completed Detailed
Page 5 of 8Trust Tax Return 2008 SAMPLE UNIT TRUST TFN:
Net small businessSmall business entity
F
aggregated turnover entity income
EDEntrepreneurs tax offset59
private health insurance tax offset, refer to the instructions.
/A
B D
CCODE
number of daysHalf 1.5% levy exemption�
number of daysFull 1.5% levy exemption�
children and studentsNumber of dependent
F
income - if nil write 0Spouse�s 2007�08 taxable
Medicare levy reduction or exemption60
If the trust is liable for the Medicare levy surcharge or entitled to theMedicare levy surcharge and private health insurance tax offset
IN-CONFIDENCE�when completed Detailed
Page 6 of 8Trust Tax Return 2008 SAMPLE UNIT TRUST TFN
61 Statement of distributionFor closely held trusts: Is a beneficiary named at Item 61 a trustee beneficiary? W Print Y for yes
or N for no. If yes, refer to the instructions to find out whether an Ultimate beneficiary schedule needs to be lodged.
Note: It is not an offence not to quote a TFN. However, TFNs help the Tax Office to correctly identify each beneficiary�s tax records. The Tax Office is authorised by the Income Tax Assessment Act 1936 and the Income Tax Assessment Act 1997 to ask for information in this tax return. We need this information to help administer the tax laws.
Beneficiary 1 Name in full of beneficiary and TFN or postal address:
Sample Retirement Plan
TFN:
Dateof birth
Day Month Year
Assessmentcalculation code V 35
Credit for tax withheld -foreign resident withholding L
Credit for tax withheld -managed investment trust
fund payments O
Australian franking creditsfrom a New Zealand company N
Share ofincome
Primaryproduction A
LOSS
/
Non-primaryproduction B 88,481.00
LOSS
/ Credit for tax withheld where
ABN not quoted C
Franking credits D
TFN amounts withheld E
Net capital gain F
Attributed foreign income G
Other assessable foreignsource income H
Foreign tax credits I
Entrepreneurs tax offset informationShare of net small business
entity income M +Non-resident beneficiary additional information
s98(3) assessable amount J
s98(4) assessable amount K
Income to which no beneficiary is presently entitled and in which no beneficiary has an indefeasible vested interest, and the trustee�s share of credit for tax deducted.
V
L
O
N
A LOSS
/
B LOSS
/ C
D
E
F
G
H
I
FM
Totals of each row
L
O
N
A
B 88,481.00
C
D
E
F
G
H
I
M
J
K
Beneficiary 2 Name in full of beneficiary and TFN or postal address:
TFN:
Dateof birth
Day Month Year
V
L
O
N
A LOSS
/
B LOSS
/ C
D
E
F
G
H
I
Entrepreneurs tax offset informationM +
Non-resident beneficiary additional informationJ
K
Income to which no beneficiary is presently entitled and in which no beneficiary has an indefeasible vested interest, and the trustee�s share of credit for tax deducted.
V
L
O
N
A LOSS
/
B LOSS
/ C
D
E
F
G
H
I
FM
Totals of each row
L
O
N
A
B 88,481.00
C
D
E
F
G
H
I
M
J
K
Beneficiary 3 Name in full of beneficiary and TFN or postal address:
TFN:
Dateof birth
Day Month Year
V
L
O
N
A LOSS
/
B LOSS
/ C
D
E
F
G
H
I
Entrepreneurs tax offset informationM +
Non-resident beneficiary additional informationJ
K
Income to which no beneficiary is presently entitled and in which no beneficiary has an indefeasible vested interest, and the trustee�s share of credit for tax deducted.
V
L
O
N
A LOSS
/
B LOSS
/ C
D
E
F
G
H
I
FM
Totals of each row
L
O
N
A
B 88,481.00
C
D
E
F
G
H
I
M
J
K
Items 62 and 63 must be answered for all trusts - if you answer yes to any of these questions, print Yes in the 'other attachments' box on page 1 of this tax return.
62 Beneficiary under legal disability who is presently entitled to income from another trustWas any beneficiary in this trust, who was under a legal disability on 30 June 2008, also presently entitled to a share of the income of another trust?If yes, or the answer is not known, furnish the information requested in the instructions.
N Print Y for yesor N for no. F
63 Non-resident trustIs the trust a non-resident trust?
N Print Y for yesor N for no.
If yes, state the amount of income derived outside Australia to which no beneficiaryis presently entitled. Insert NIL if applicable.
$ NIL F
IN-CONFIDENCE�when completed Detailed
DECLARATIONS
tax return to maintain the integrity of the register. For further information refer to the instruction guide.The Commissioner of Taxation, as Registrar of the Australian Business Register, may use the ABN and business details which you provide on this
This declaration and all attached documents must be signed by a trustee or public officer.
Day Month Year
Date
and complete this tax returnHours taken to prepare
Signature
I declare that the information in this tax return is true and correct.Declaration:
misleading statements in tax returns.doubt about any aspect of the tax return, place all the facts before the Tax Office. The income tax law imposes heavy penalties for false orBefore making this declaration check to ensure that all income has been disclosed and the tax return is true and correct in every detail. If you are inImportant:
Date
to lodge the tax return.given me a declaration stating that the information provided to me is true and correct and that the taxpayer has authorised me declare that this tax return has been prepared in accordance with information supplied by the taxpayer, that the taxpayer has
Day Month Year
Client�s referenceAgent�s signature
I,
X IndicsOffice use only
Agent�s telephone numberAgent�s reference numberContact name
Tax agent�s declaration
Area code Telephone number
F
999903
AUSTENS PTY LTD
03 96466377Paul Englefield 55519009
IN-CONFIDENCE�when completed Detailed
Page 7 of 8SAMPLE UNIT TRUST TFN:
2008Capital allowances schedule
to Part B.
(excluding motor vehicles)
(excluding motor vehicles)
FE
Part A Depreciating assets first deducted in the 2008 income year
SAMPLE UNIT TRUST
E F
D
C
B
A
If yes, complete and/or . If no, go for No.N or
for Yes,YPrint Have you self-assessed the effectivelife of any of these assets?
Total cost of assets for whicheffective life self-assessed
Motor vehiclesDepreciable assets
(excluding motor vehicles)
Self-assessed effective life4
Total cost of motor vehicles3
Assets each costing $1000 or moreTotal cost of depreciating assets2
Assets each costing less than $1000 Total cost of depreciating assets1
Australian Business NumberTax file number (TFN)
Name of entity Signature as prescribed in tax return
0
0
0
N
Part B For all depreciating assets
K
J
I
H
G
Total adjustable values at end of income year
Total deduction for decline in value - diminishing value method
Total deduction for decline in value - prime cost method
Total deductible balancing adjustment amounts
Total assessable balancing adjustment amounts
Information from depreciating assets worksheet1
39,969
225,130
Q
P
O
Total termination values of pooled assets for which balancingadjustment even occurred
Closing pool balance for this income year
Total second element costs allocated to pool
N
M
L
Total opening adjustable values of low-value assets allocated to pool
Total cost of low-cost assets allocated to pool
Closing pool balance for previous income year
Information from low-value pool worksheet2
If not, go to Part C.
(excluding motor vehicles)
S
TS
RT
If yes, complete and/or for No.N or
for Yes,YPrint
Total opening adjustable values ofassets for which effective life
recalculated
Motor vehiclesDepreciating assets
Did you recalculate effective life for any of your assets this income year?
Recalculation of effective life3
N
IN-CONFIDENCE�when completed Detailed
Page 8 of 8SAMPLE UNIT TRUST TFN:
Trust
Number of weeks property was rented this year
Date property first earned rental income
Address of Rental Property
2008 Rental Property Statement
01/07/200352
3207VICPort Melbourne
13/484 Graham Street
Purchase price of property
Date property was purchased
What is the entity's % ownership of the property?
Number of weeks property was available for rent this year
01/07/20031,000,000
52100
/
Value of capital works deductions (special building write-off) recouped
Value of capital allowances (depreciation on plant) recouped on the sale
Capital gain/loss on sale of this property
Sale price of property
Date property was sold (if property disposed of during year)
Has the loan for the property been renegotiated this year? N
% ownedOwnership999903 100.00SAMPLE UNIT TRUST
Gross Rent
ReturnIncome
Other rental related income
Gross rental income
105,000 105,000
105,000105,000
Total Prv %Expenses Return
15,00015,000E Body corporate fees11,00011,000H Council Rates
Total expenses
Net Rent //
26,00026,000
79,00079,000
IN-CONFIDENCE�when completed Detailed
Page 1 of 8Self Managed Superannuation Form 2008 SAMPLE RETIREMENT PLAN TFN:
you to complete this annual return.
fund annual return
Fund income tax return 2008 (NAT 71287).complete this annual return. All other funds must complete theOnly self managed superannuation funds (SMSFs) can
Who should complete this annual return?
Section A: Fund Information
3
2
1
2008
2008 instructions (NAT 71606) (the instructions) can assist
Tax file number (TFN)
Self managed superannuation
Australian business number (ABN)
Name of self managed superannuation fund (SMSF)
The Self managed superannuation fund annual return
SAMPLE RETIREMENT PLAN
4
assessment or the last tax return lodged.as shown on the last notice ofexactly
If the address has not changed, print itCurrent postal address
3207VICPort Melbourne
Locked Bag 33
C/- Austens
address details?Use Agent
A member of CPA (CPA)
Was the audit report qualified ?Date audit was completed
Postal address
Auditor's phone numberMembership number
Professional body
Other given names
First given name
Family name
Title
6 Fund Auditor
Y
N25/02/2009
3207VICPort Melbourne
Locked Bag 33
C/- Austens
96466377032132803
2
James
Robbins
Mr
Greg
IN-CONFIDENCE�when completed Detailed
Page 2 of 8Self Managed Superannuation Form 2008 SAMPLE RETIREMENT PLAN TFN:
Government's Super Co-contributions? CDoes the fund trust deed allow acceptance of the
BFund benefit structureAustralian superannuation fund? AStatus of SMSF8
Y
AY
obligations been met?and payment
Have all tax lodgment
fund was wound up
9
or for no.Nfor yesYPrint
Day Month YearDate on which the
Was the fund wound up during the income year?
N
scheme incomeForestry managed investment
gains tax (CGT) schedule 2008.Please complete and attach a Capital
capital gains tax (CGT) schedule 2008greater than $10,000, complete and attach aIf the total capital loss or total capital gain is
you held other than as an initial participant?
Zmanaged investment scheme interest thatDid the CGT event relate to a forestry
for no.Nor for yesYPrint
Section B: Income
Gross rent and other leasing and hiring income
X
Gross interest C
B
G(CGT) event during the year?Did you have a capital gains tax
for no.Nor for yesYPrint 10 Income
ANet capital gain
N
1,000
Y
142
(R1 plus R2 plus R3 less R6)
Code
RAssessable contributions
Calculation of assessable contributions
R2Assessable personal contributions
insurance company or PSTTransfer of liability to life
R6
R3*No TFN quoted contributions
Assessable employer contributions
R1
Loss
Number
D
Australian franking credits from a New Zealand company
/
distributionsGross trust
credit
amount
amount
from partnerships
ABN not quoted
* Unfranked dividend
* Franked dividend
* Dividend franking
J
foreign funds FTransfers from
/
Gross payments where
Gross distribution
M
L
K
I
H
Net foreign income
E
Gross foreign income D1
U
200,0000
0
200,000
0
749
88,481
1,462
3,411
(U1 plus U2 plus U3)(subject to 45% tax rate)
status of funddue to changed tax
Calculation of non-arm�s length income
U2* Net non-arm�s length trust distributions
U3* Net other non-arm�s length income
* Net non-arm�s length private company dividends
U1
Loss
* If an amount is entered at this label check the instructions to ensure the correct tax treatment has been applied
Code
/
Net non-arm's length incomeU
*Assessable incomeT
/TOTAL ASSESSABLE INCOME
* Other income
V
S
F295,245
IN-CONFIDENCE�when completed Detailed
Page 3 of 8Self Managed Superannuation Form 2008 SAMPLE RETIREMENT PLAN TFN:
Approved auditor fee H
Loss
Other deductions
Management and administration expenses
Death benefit increase
Total Deductions N
Section C: Deductions
B
(TOTAL ASSESSABLE INCOME less TOTAL DEDUCTIONS)
Code
/
/
Taxable income or loss O
MTax losses deducted
L
U
J
Forestry managed investment scheme deduction
Exempt current pension income
Investment expenses I
G
Death or disability premiums
Deduction for decline in value of depreciating assets
11 Deductions
F
E
DCapital works deductions
A
Interest expenses overseas
K
Interest expenses within Australia
500
2,145
293,100
1,645
F3 plus F4)(F1 plus F2 plus
Eligible credits
(C1 plus C2)foreign credits
Rebates, offsets,
(D plus E less F less G plus H)
HSupervisory levy
Section D: Income tax calculation statement
Credit: refundable franking credits
F4
TOTAL AMOUNT DUE OR REFUNDABLE
interest charge
12 Income tax calculation statement
GPAYG instalments raised
DSUBTOTAL
I
Less:
FLess:
EAdd:
CLess:
C2Credit: rebates and tax offsets
BGross tax
ATaxable income
Credit: foreign resident withholding
F3Credit: ABN/TFN not quoted (non-individual)
F2
Credit: interest on early payments
F1
Credit: foreign tax credit
C1
F
Section 102AAM
150.001,461.80
43,965.00
42,653.20
1,461.80
0.00
43,965.00
293,100
IN-CONFIDENCE�when completed Detailed
Page 4 of 8Self Managed Superannuation Form 2008 SAMPLE RETIREMENT PLAN TFN:
forward to later income years
to later income years
Section E: Losses
Net capital losses carried forwardto later income years
Collectables
Non-Collectables
Net capital losses brought forwardfrom prior years
attach aor there is a foreign loss, complete and
Losses schedule 2008.
If the total loss is greater than $100,000
FNet capital losses carried V
UTax losses carried forward
13 Losses information
Section F / Section G: Member Information
/
Other transactions
Contributions
Loss
Code
JIHGFEDCB
A1A
S
R
Q
P
O
NMLK
Closing Account Balance
Benefit payments and code
Outward rollover amounts
Inward rollover amounts
Allocated earnings or losses
Total Contributions
Any other contributions (including Super Co-contributions)
Transfer from reserve: non-assessable amount
Transfer from reserve: assessable amount
Non-assessable foreign superannuation fund amount
Assessable foreign superannuation fund amount
Directed termination (taxable component) payments
Other family and friend contributions
Spouse and child contributions
Personal injury election
CGT small business 15-year exemption amount
CGT small business retirement exemption
Personal contributions
ABN of principal employer
Employer contributions
If deceased,date of deathDate of Birth
Member Number
TFN
Other given names
First given name
Family name
Title
1,045,190.23
8,735.60
100,000.00
100,000.00
01/01/1950
1
Smith
Mr
John
IN-CONFIDENCE�when completed Detailed
Page 5 of 8Self Managed Superannuation Form 2008 SAMPLE RETIREMENT PLAN TFN:
/
Other transactions
Contributions
Loss
Code
JIHGFEDCB
A1A
S
R
Q
P
O
NMLK
Closing Account Balance
Benefit payments and code
Outward rollover amounts
Inward rollover amounts
Allocated earnings or losses
Total Contributions
Any other contributions (including Super Co-contributions)
Transfer from reserve: non-assessable amount
Transfer from reserve: assessable amount
Non-assessable foreign superannuation fund amount
Assessable foreign superannuation fund amount
Directed termination (taxable component) payments
Other family and friend contributions
Spouse and child contributions
Personal injury election
CGT small business 15-year exemption amount
CGT small business retirement exemption
Personal contributions
ABN of principal employer
Employer contributions
If deceased,date of deathDate of Birth
Member Number
TFN
Other given names
First given name
Family name
Title
1,045,190.23
8,735.59
100,000.00
100,000.00
01/01/1955
2
Smith
Mrs
Sally
14a Australian managed investments
Section H: Assets and liabilities
Listed trusts
Other managed investments D
C
Unlisted trusts B
A
Insurance policy
14 ASSETS
Other assets O
Artwork, collectibles, metal or jewels M
Unlisted shares
Residential real property L
K
Derivatives and instalment warrants J
I
Non-residential real property
14b Australian direct investments Cash and term deposits
Listed shares H
G
Debt securities F
E
Loans
1,800,000
116,066
216,817
IN-CONFIDENCE�when completed Detailed
Page 6 of 8Self Managed Superannuation Form 2008 SAMPLE RETIREMENT PLAN TFN:
TOTAL AUSTRALIAN AND OVERSEAS ASSETS U
Other overseas assets T
14c Overseas direct investments Overseas shares
Overseas managed investments S
R
Overseas non-residential real property Q
P
Overseas residential real property
2,132,883
(total of all CLOSING ACCOUNT BALANCEs from Sections F and G)
TOTAL LIABILITIES Z
15 LIABILITIES Borrowings
Other liabilities Y
X
Total member closing account balances W
V
Reserve accounts
2,132,883.00
42,503
2,090,380
You must answer either No or Yes for all questions listed and provide dollar amounts if applicable.The following questions indicate the operational status of the SMSF. Penalties will apply for false or misleading information.
from related parties?DDid the SMSF acquire any assets (other than exempt assets)
at any time during the year (excluding in-house assets)?CDid the SMSF hold an investment in a related party
the year that exceeded 5% of total assets?BDid the SMSF hold in-house assets at any time during
(known as in-house assets)?ADid the SMSF loan, lease to or invest in related parties
In-house and related party assets
Section I: Regulatory information
N
1,800,000Y
N
N
accountant or financial advisor or administrator?ODoes the auditor provide services to the SMSF as either a tax agent,
NDid the SMSF carry on a business of selling goods or services?
owned by the fund?MAre all SMSF assets appropriately documented as
as defined by SISA?LAre any trustees or directors currently disqualified persons
their services as a trustee?KDid trustees of the fund receive any remuneration for
condition of release being met?JDid the SMSF provide money to members without a
SMSF�s assets before retirement?IDid members have the personal use of the
HDid the SMSF borrow for purposes that are not permissible?
on an arm�s length basis?GDid the SMSF make and maintain all investments
FDid the SMSF receive in specie contributions during the year?
member or relative of a member of the fund?EDid the SMSF lend money or provide financial assistance to a
Other regulatory questions
N
N
Y
N
N
N
N
N
Y
N
N
IN-CONFIDENCE�when completed Detailed
Page 7 of 8Self Managed Superannuation Form 2008 SAMPLE RETIREMENT PLAN TFN:
Interposed entity election status
and attach the Interposed entity election or revocation 2008.DIf revoking an interposed entity election, print R, and complete
income year specified of the earliest election (for example, for the 2007�08 income year, write 2008).CIf the trust or fund has made, or is making, one or more interposed entity elections, write the four-digit
and complete and attach the Family trust election, revocation or variation 2008.BIf revoking or varying a family trust election, print R for revoke or print V for variation,
specified of the election (for example, for the 2007�08 income year, write 2008). AIf the trust or fund has made, or is making, a family trust election, write the four-digit income year
Family trust election status
ABN of non-individual trustee
Non-individual trustee name (if applicable)
tax refunds to the nominated bank account (if applicable).records. I have received the audit report and I am aware of any matters raised. I also authorise the Tax Office to make any
Authorised trustee's or director's signature
I declare that current trustees and directors have authorised this annual return and it is documented as such in the SMSF�s
Phone number
Area code Number
Penalties may be imposed for false or misleading information in addition to penalties relating to any tax shortfalls
Date
Day Month Year
TRUSTEE'S OR DIRECTOR'S DECLARATION
Preferred trustee or director contact details
Section K: Declarations
Other given names
First given name
Family name
Title
Email address
03 96466377
/ /
Smith
Mr
John
Hrs
Time taken to prepare and complete this annual return
IN-CONFIDENCE�when completed Detailed
Page 8 of 8Self Managed Superannuation Form 2008 SAMPLE RETIREMENT PLAN TFN:
Tax agent's practice
Other given names
First given name
Family name
Title
Area code Number
Date
number
Day Month Year
Agent's reference Client's reference
Agent's telephone
Agent's signature
the trustees have authorised me to lodge this annual return.
I,
by the trustees, that the trustees have given me a declaration stating that the information provided to me is true and correct, and thatI declare that the Self managed superannuation fund annual return 2008 has been prepared in accordance with information provided
TAX AGENT DECLARATION:
F
AUSTENS PTY LTD
Francis
Englefield
Mr
Paul
03 96466377
/ /
AUSTENS PTY LTD
99990455519009
IN-CONFIDENCE�when completed Detailed
SAMPLE RETIREMENT PLANRECONCILIATION OF TAXABLE INCOME WITH ACCOUNTING PROFITFOR THE YEAR ENDED 30 JUNE 2008
2008 2007
Net Profit (Loss) 259,974.39 311,605.61
ADD BACKUnrealised losses on:Diminution in Value Of Assets 27,826.04 -Accounting Loss on Sale of Shares 3,695.82 -Gross up for Tax Credits - Imputation Credits 1,461.80 1,001.77Taxable Capital Gains 142.00 10,394.02Taxable Distribution - Sample Unit Trust 88,481.00 78,317.00
121,606.66 89,712.79LESSAppreciation in Value of Shares - 20,780.87Accounting Distribution - Sample Unit Trust 88,481.00 78,317.00Accounting Profit on Sale of Shares - 10,394.02
88,481.00 109,491.89Taxable Income 293,100.00 291,827.00
Prima Facie Tax On Taxable Income 43,965.00 43,774.05
Tax Credits Available - Imputation Credits 1,461.80 1,001.77
42,503.20 42,772.28
1035 0812 Financial Statement Red File Tab 2 or 3
TFN: MR JOHN SMITH
2008 Income Tax Return Tax Estimate
Sub-Total $
Tax Free Part
Tax Payable on Taxable Income
Taxable Income
Tax Payable for Individual
18,440.00
6,000
18,440.00
78,350
Mature Aged Workers Tax Offset
Sub-Total $
Other Offsets
Lump Sum
Life Assurance Bonus
Low Income Offset
Seniors / Pension / Beneficiary Offset
Offsets (T1 to T14 except T2,T3,T6,T12,T13)Less Offsets:
207.50
18,232.50
207.50
0.000.000.000.00
0.000.00
Sub-Total $
Medicare Levy Plus:
19,407.75
1,175.251,175.25
Baby Bonus Offset (refundable)
PAYG Income Tax Instalments
Other Amounts withheld - ABN,Vol,Labour,Foreign.
Franking Tax Offset (refundable)
Estimated Tax Refund
Sub-Total $
Other Refundable Credits
Foreign Tax Credits
TFN Amounts (credits)
Arrears tax withheld
Tax withheld - salary & wage type incomeLess Credits:
0.009,500.00
0.00
0.00
4,092.25
23,500.00
0.00
0.000.000.00
14,000.00
DISCLAIMER
===========
This estimate is provided without warranty of any kind.
It is subject to legislative changes and includes estimates of currently unknown rates.
WARNING : Any amount shown as FTB is subject to assessment from the FAO,
and may be adjusted by amounts not included in this return.
IN-CONFIDENCE�when completed
Page 1 of 4
2008
declaration on page 12 of this tax return.See the Privacy note in the Taxpayer's
Given names
Surname or family name
relevant box.Mr, Mrs, Ms, Miss FemaleMaleprint X in theTitle - for example,Your name Your sex
Y for yesPrint Your tax file number (TFN)
- other than PAYG payment summaries? for no.Nor for yesYPrint Have you included any attachments?
for no.Nor Are you an Australian resident?
1 July 2007 to 30 June 2008Individual tax return
JOHN
SMITH
XMR
N
Y
for no.Nor for yesYPrint
your last tax return? previous surname.If yes, printchanged since completing
Has any part of your nameN
Print for no.Nor
for yesY
your last tax return?changed since completingHas your postal address
Your postal address
3207VICPort Melbourne
Locked Bag 33
C/- Austens
ABOVE.postal address, print ASIf the same as your currentYour home address
3207VICPort Melbourne
13/484 Graham Street
tax return, print FINAL.item A1 on page 5 of this tax return.
If you know this is your finalIf you were under 18 years of age onFinal tax returnYour date of birth
30 June 2008 you must complete
N01/01/1950
number codeYour daytime telephone number TelephoneArea 9646637703
payment where applicable?
Must be six digits
Use Agent Trust Account?
Account name F
If you answered yes, complete the account details.
Account numberBSB number
for no.Nor this year for your tax return or family tax benefit
Electronic funds transfer (EFT)
for yesYPrint Do you want to use electronic funds transfer (EFT) N
IN-CONFIDENCE�when completed Detailed
Page 2 of 4Individual tax return 2008 MR JOHN SMITH TFN:
Income
Occupation code XYour main salary and wage occupation
Salary or wages1
1112Managing director
Payer Allowances Lump A Lump B Tax Withheld GrossSample Family Trust ABN: RFBA: 0
14,000.00 60,000
$boxes.Add up theTotal tax withheld
OAttributed personal services income9
14,000.00
L
MTax file number amountswithheld from gross interest
Gross interest11 Grossinterest
1,000
Bank / Branch / Account TFN amt Gross amtBank Account 1,000
LOSS
/
Only used by taxpayers completing the supplementary sectionITransfer the amount from TOTAL SUPPLEMENT INCOME OR LOSS 20,000
LOSS
F/Add up the income amounts and deduct any loss amount in the boxes.TOTAL INCOME OR LOSS 81,000
Deductions
D3clothing, laundry and dry cleaning expenses C
CLAIM
/Work related uniform, occupation specific or protective 150 S
Laundry 150 S
D5 EOther work related expenses 1,000
Work Related Expenses 1,000
JD8 Gifts or donations 1,500
Donations 1,500
DTransfer the amount from TOTAL SUPPLEMENT DEDUCTIONS
Only used by taxpayers completing the supplementary section0
boxes add up the toD1Items TOTAL DEDUCTIONS D 2,650
LOSS
/TOTAL DEDUCTIONS less TOTAL INCOME OR LOSSSUBTOTAL 78,350
from amount at SUBTOTALitem L1and ZF LOSS
/$Subtract amounts at
TAXABLE INCOME OR LOSS 78,350
TTransfer the amount from TOTAL SUPPLEMENT TAX OFFSETS.
Only used by taxpayers completing the supplementary section 0
U�add up the boxes Items T1, T4, T5 andTOTAL TAX OFFSETS FT 0
Private health insurance policy detailsYou must provide the details for each policy if item T5 or item M2 asked you to complete this section.
Health insurer ID Membership number TYPE
/FB C FMBF 27345917Y C
IN-CONFIDENCE�when completed Detailed
Page 3 of 4Individual tax return 2008 MR JOHN SMITH TFN:
Number of dependent children
Medicare levy surcharge (MLS)
(including your spouse) - if you had any - covered by private patient HOSPITAL cover?
liable for surchargeNumber of days NOT A
D
for no.Nor for yesYPrint E
If you do not complete this question you may be charged the full Medicare levy surcharge.THIS ITEM IS COMPULSORY
M2
your dependantsall and you period 1 July 2007 to 30 June 2008, were whole For the
366
Y
Non-primary production
Distributions of net capitalgains (including net foreign
included at item 18
Distributions of foreignincome must be included atitem 19 or 20
Net non-primary production distribution
Other deductions relatingto distribution in labels O and U
Distribution from partnerships,less foreign income
Landcare operations expenses
Distribution from trusts, less netcapital gains and foreign income
13 Partnerships and trusts
O
J
U
Y
Supplementary section
/
/
/
IncomeRefer to TaxPack 2008 supplement before you complete item 13. If you are required to complete item 13 include deferred non-commercialbusiness losses from a prior year at either X or Y as appropriate. Refer to TaxPack 2008 supplement for the relevant code.
/TYPE
capital gains) must be
LOSS
20,000 T
20,000
ForeignTrusteeTfnFrnk
AbnCredits:NPP IncPP Inc // 20,000TTN Sample Family Trust
as an initial participant?investment scheme interest you held other than QDid this CGT event relate to a forestry managed
for no.Nor for yesYPrint
tax event during the year?
A
G
Net capital gain
Did you have a capital gains for no.Nor
for yesYPrint Capital gains18 N
K
B
CJ
W
Iin a controlled foreign company (CFC)?Did you have either a direct or indirect interest
fund (FIF) or a foreign life assurance policy (FLP)?Did you have an interest in a foreign investment
trust incomeTransferor
services to a non-resident trust estate?the transfer of property�including money�or
, either directly or indirectly, causedeverHave you
for no.Nor for yesYPrint
for no.Nor for yesYPrint
FLP incomeFIF and
CFC income for no.Nor for yesYPrint
Foreign entities19
N
N
N
Pa total value of AUD$50,000 or more?
assets located outside Australia which hadDuring the year did you own, or have an interest in,
for no.Nor for yesYPrint
F
Foreign source income and foreign assets or property20
N
boxes for income amounts and deductLOSS
Transfer this amount to
/any loss amounts in the boxes
Items 13 to 24 - add up the
on page 3INCOME OR LOSS
TOTAL SUPPLEMENT
I
20,000
IN-CONFIDENCE�when completed Detailed
Page 4 of 4Individual tax return 2008 MR JOHN SMITH TFN:
which you provide on this tax return to maintain the integrity of the register.Reserve Bank of Australia. The Commissioner of Taxation, as Registrar of the Australian Business Register, may use the ABN and business details
standard review period is two years but for some taxpayers it is four years.your tax return, and issue an amended assessment if a review shows inaccuracies that change the assessment. TheThe Tax Office will issue your assessment based on your tax return. However, the Tax Office has some time to review
Employment and Workplace Relations, and the Department of Families, Housing, Community Services and Indigenous Affairs; law enforcement
to quote your TFN. However, your assessment may be delayed if you do not quote your TFN. The Tax Office is authorised by the Income Tax
agencies such as the state and federal police; and other agencies such as the Child Support Agency, the Australian Bureau of Statistics and the
government agencies as authorised in taxation law - for example, benefit payment agencies such as Centrelink, the Department of Education,
Assessment Act 1936, the Income Tax Assessment Act 1997 and the A New Tax System (Family Assistance) (Administration) Act 1999 to ask forthe other information on this tax return. We need this information to help us to administer the taxation laws. We may give this information to other
Privacy:The Tax Office is authorised by the Taxation Administration Act 1953 to request you to quote your tax file number (TFN). It is not an offence not
Taxpayer's
� I authorise my registered tax agent to lodge this tax return.
YearMonthDay
DateSignature
The tax law imposes heavy penalties for giving false or misleading information.Important:
I,
� the information provided to my registered tax agent for the preparation of this tax return is true and correct, andI declare that:professional items section and other schedules if applicable.Read and sign the declaration after completing your tax return, including the Supplementary section, Business and
Taxpayer�s declaration
YearDay Month
Telephone numberArea code
Date Client�s referenceAgent�s signature
Agent�s reference numberAgent�s telephone number
Contact name
and that the taxpayer has authorised me to lodge the tax return.that the taxpayer has given me a declaration stating that the information provided to me is true and correctdeclare that this tax return has been prepared in accordance with information supplied by the taxpayer,
Tax agent�s declaration
9646637703 55519009Paul Englefield
AUSTENS PTY LTD
999905
IN-CONFIDENCE�when completed Detailed
TFN: MRS SALLY SMITH
2008 Income Tax Return Tax Estimate
Sub-Total $
Tax Free Part
Tax Payable on Taxable Income
Taxable Income
Tax Payable for Individual
18,440.00
6,000
18,440.00
78,350
Mature Aged Workers Tax Offset
Sub-Total $
Other Offsets
Lump Sum
Life Assurance Bonus
Low Income Offset
Seniors / Pension / Beneficiary Offset
Offsets (T1 to T14 except T2,T3,T6,T12,T13)Less Offsets:
0.00
18,440.00
0.00
0.000.000.000.00
0.000.00
Sub-Total $
Medicare Levy Plus:
19,615.25
1,175.251,175.25
Baby Bonus Offset (refundable)
PAYG Income Tax Instalments
Other Amounts withheld - ABN,Vol,Labour,Foreign.
Franking Tax Offset (refundable)
Estimated Tax Refund
Sub-Total $
Other Refundable Credits
Foreign Tax Credits
TFN Amounts (credits)
Arrears tax withheld
Tax withheld - salary & wage type incomeLess Credits:
0.0020,000.00
0.00
0.00
4,884.75
24,500.00
0.00
0.000.000.00
4,500.00
DISCLAIMER
===========
This estimate is provided without warranty of any kind.
It is subject to legislative changes and includes estimates of currently unknown rates.
WARNING : Any amount shown as FTB is subject to assessment from the FAO,
and may be adjusted by amounts not included in this return.
IN-CONFIDENCE�when completed
Page 1 of 4
2008
declaration on page 12 of this tax return.See the Privacy note in the Taxpayer's
Given names
Surname or family name
relevant box.Mr, Mrs, Ms, Miss FemaleMaleprint X in theTitle - for example,Your name Your sex
Y for yesPrint Your tax file number (TFN)
- other than PAYG payment summaries? for no.Nor for yesYPrint Have you included any attachments?
for no.Nor Are you an Australian resident?
1 July 2007 to 30 June 2008Individual tax return
SALLY
SMITH
XMRS
N
Y
for no.Nor for yesYPrint
your last tax return? previous surname.If yes, printchanged since completing
Has any part of your nameN
Print for no.Nor
for yesY
your last tax return?changed since completingHas your postal address
Your postal address
3207VICPort Melbourne
Locked Bag 33
C/- Austens
ABOVE.postal address, print ASIf the same as your currentYour home address
3207VICPort Melbourne
13/484 Graham Street
tax return, print FINAL.item A1 on page 5 of this tax return.
If you know this is your finalIf you were under 18 years of age onFinal tax returnYour date of birth
30 June 2008 you must complete
N01/01/1955
number codeYour daytime telephone number TelephoneArea 9646637703
payment where applicable?
Must be six digits
Use Agent Trust Account?
Account name F
If you answered yes, complete the account details.
Account numberBSB number
for no.Nor this year for your tax return or family tax benefit
Electronic funds transfer (EFT)
for yesYPrint Do you want to use electronic funds transfer (EFT) N
IN-CONFIDENCE�when completed Detailed
Page 2 of 4Individual tax return 2008 MRS SALLY SMITH TFN:
Income
Occupation code XYour main salary and wage occupation
Salary or wages1
1000Office Manager
Payer Allowances Lump A Lump B Tax Withheld GrossSample Family Trust ABN:
4,500.00 30,000
$boxes.Add up theTotal tax withheld
OAttributed personal services income9
4,500.00
L
MTax file number amountswithheld from gross interest
Gross interest11 Grossinterest
1,000
Bank / Branch / Account TFN amt Gross amtBank Account 1,000
LOSS
/
Only used by taxpayers completing the supplementary sectionITransfer the amount from TOTAL SUPPLEMENT INCOME OR LOSS 50,000
LOSS
F/Add up the income amounts and deduct any loss amount in the boxes.TOTAL INCOME OR LOSS 81,000
Deductions
D3clothing, laundry and dry cleaning expenses C
CLAIM
/Work related uniform, occupation specific or protective 150 S
Laundry 150 S
D5 EOther work related expenses 1,000
Work Related Expenses 1,000
JD8 Gifts or donations 1,500
Donations 1,500
DTransfer the amount from TOTAL SUPPLEMENT DEDUCTIONS
Only used by taxpayers completing the supplementary section0
boxes add up the toD1Items TOTAL DEDUCTIONS D 2,650
LOSS
/TOTAL DEDUCTIONS less TOTAL INCOME OR LOSSSUBTOTAL 78,350
from amount at SUBTOTALitem L1and ZF LOSS
/$Subtract amounts at
TAXABLE INCOME OR LOSS 78,350
TTransfer the amount from TOTAL SUPPLEMENT TAX OFFSETS.
Only used by taxpayers completing the supplementary section 0
U�add up the boxes Items T1, T4, T5 andTOTAL TAX OFFSETS FT 0
Private health insurance policy detailsYou must provide the details for each policy if item T5 or item M2 asked you to complete this section.
Health insurer ID Membership number TYPE
/FB C FMBF 27345917Y C
IN-CONFIDENCE�when completed Detailed
Page 3 of 4Individual tax return 2008 MRS SALLY SMITH TFN:
Number of dependent children
Medicare levy surcharge (MLS)
(including your spouse) - if you had any - covered by private patient HOSPITAL cover?
liable for surchargeNumber of days NOT A
D
for no.Nor for yesYPrint E
If you do not complete this question you may be charged the full Medicare levy surcharge.THIS ITEM IS COMPULSORY
M2
your dependantsall and you period 1 July 2007 to 30 June 2008, were whole For the
366
0
Y
Non-primary production
Distributions of net capitalgains (including net foreign
included at item 18
Distributions of foreignincome must be included atitem 19 or 20
Net non-primary production distribution
Other deductions relatingto distribution in labels O and U
Distribution from partnerships,less foreign income
Landcare operations expenses
Distribution from trusts, less netcapital gains and foreign income
13 Partnerships and trusts
O
J
U
Y
Supplementary section
/
/
/
IncomeRefer to TaxPack 2008 supplement before you complete item 13. If you are required to complete item 13 include deferred non-commercialbusiness losses from a prior year at either X or Y as appropriate. Refer to TaxPack 2008 supplement for the relevant code.
/TYPE
capital gains) must be
LOSS
50,000 T
50,000
ForeignTrusteeTfnFrnk
AbnCredits:NPP IncPP Inc // 50,000TTN Sample Family Trust
as an initial participant?investment scheme interest you held other than QDid this CGT event relate to a forestry managed
for no.Nor for yesYPrint
tax event during the year?
A
G
Net capital gain
Did you have a capital gains for no.Nor
for yesYPrint Capital gains18 N
K
B
CJ
W
Iin a controlled foreign company (CFC)?Did you have either a direct or indirect interest
fund (FIF) or a foreign life assurance policy (FLP)?Did you have an interest in a foreign investment
trust incomeTransferor
services to a non-resident trust estate?the transfer of property�including money�or
, either directly or indirectly, causedeverHave you
for no.Nor for yesYPrint
for no.Nor for yesYPrint
FLP incomeFIF and
CFC income for no.Nor for yesYPrint
Foreign entities19
N
N
N
Pa total value of AUD$50,000 or more?
assets located outside Australia which hadDuring the year did you own, or have an interest in,
for no.Nor for yesYPrint
F
Foreign source income and foreign assets or property20
N
boxes for income amounts and deductLOSS
Transfer this amount to
/any loss amounts in the boxes
Items 13 to 24 - add up the
on page 3INCOME OR LOSS
TOTAL SUPPLEMENT
I
50,000
IN-CONFIDENCE�when completed Detailed
Page 4 of 4Individual tax return 2008 MRS SALLY SMITH TFN:
which you provide on this tax return to maintain the integrity of the register.Reserve Bank of Australia. The Commissioner of Taxation, as Registrar of the Australian Business Register, may use the ABN and business details
standard review period is two years but for some taxpayers it is four years.your tax return, and issue an amended assessment if a review shows inaccuracies that change the assessment. TheThe Tax Office will issue your assessment based on your tax return. However, the Tax Office has some time to review
Employment and Workplace Relations, and the Department of Families, Housing, Community Services and Indigenous Affairs; law enforcement
to quote your TFN. However, your assessment may be delayed if you do not quote your TFN. The Tax Office is authorised by the Income Tax
agencies such as the state and federal police; and other agencies such as the Child Support Agency, the Australian Bureau of Statistics and the
government agencies as authorised in taxation law - for example, benefit payment agencies such as Centrelink, the Department of Education,
Assessment Act 1936, the Income Tax Assessment Act 1997 and the A New Tax System (Family Assistance) (Administration) Act 1999 to ask forthe other information on this tax return. We need this information to help us to administer the taxation laws. We may give this information to other
Privacy:The Tax Office is authorised by the Taxation Administration Act 1953 to request you to quote your tax file number (TFN). It is not an offence not
Taxpayer's
� I authorise my registered tax agent to lodge this tax return.
YearMonthDay
DateSignature
The tax law imposes heavy penalties for giving false or misleading information.Important:
I,
� the information provided to my registered tax agent for the preparation of this tax return is true and correct, andI declare that:professional items section and other schedules if applicable.Read and sign the declaration after completing your tax return, including the Supplementary section, Business and
Taxpayer�s declaration
YearDay Month
Telephone numberArea code
Date Client�s referenceAgent�s signature
Agent�s reference numberAgent�s telephone number
Contact name
and that the taxpayer has authorised me to lodge the tax return.that the taxpayer has given me a declaration stating that the information provided to me is true and correctdeclare that this tax return has been prepared in accordance with information supplied by the taxpayer,
Tax agent�s declaration
9646637703 55519009Paul Englefield
AUSTENS PTY LTD
999906
IN-CONFIDENCE�when completed Detailed
TRUSTEE COMPANY 1 PTY LTDACN 999 999 999AS TRUSTEE FOR SAMPLE FAMILY TRUSTTRUSTEE RESOLUTION
Distribution of Trust Income
Beneficiary Amount Percentage
John Smith 20,000 -Sally Smith 50,000 -
and the balance remaining (if any) to:
Sample Corporate Beneficiary Pty Ltd 100%
and that the necessary book entries to give effect to the foregoing be made as soon as possible.
______________________________John Smith - Director
Dated: / /
I the undersigned John Smith being the sole director of Trustee Company 1 Pty Ltd at the date hereof, resolve that:-
For the year ended 30 June 2008, the net income of the Trust, (if any), or alternatively the net income as assessed by the Commissioner of Taxation pursuant to the provisions of the Income Tax Assessment Act 1936 or the Income Tax Assessment Act 1997, as amended, (if any), be distributed as follows.
The said Income shall be applied for the benefit of the Beneficiaries listed below in the proportion shown, by setting the same aside and by crediting the same to those Beneficiaries in the books of the Trust. Such sums shall upon being so credited, vest in and become the absolute property of those Beneficiaries and shall be held for them as separate Trust Funds:
1035 0801 Financial Statement
SAMPLE CORPORATE BENEFICIARY PTY LTDACN 999 999 999
DIRECTORS RESOLUTION
We the undersigned John Smith and Sally Smith being all the Directors of Sample Corporate Beneficiary Pty Ltd at the date hereof, resolve that:-
DividendsNo dividend be declared for the financial year ended 30 June 2008.
AccountsThe financial accounts of the Company in respect of the year ended 30 June 2008 have been prepared as a special purpose financial report. It was further resolved that the Company is a non-reporting entity and that the accounts prepared be adopted.
Solvency of the CompanyAfter reviewing the accounts of the Company and its expected position for the ensuing financial year it was resolved that the Company could pay its debts as and when they fall due.
Directors DeclarationThe Directors Declaration for the year ended 30 June 2008 be approved and signed by John Smith and Sally Smith for and on behalf of the Directors.
______________________________John Smith - Director
______________________________Sally Smith - Director
Dated: / /
1035 0810 Financial Statement
JOHN SMITH AND SALLY SMITHAS TRUSTEES FOR SAMPLE RETIREMENT PLAN
TRUSTEES RESOLUTION
We the undersigned John Smith and Sally Smith being the Trustees of Sample Retirement Plan at the date hereof, resolve that:-
Accounts
The accounts of the Superannuation Fund be prepared as a special purpose financial report as, in the opinion of the Trustees, the Superannuation Fund is a non reporting entity and therefore is not required to comply with all the Australian Accounting Standards and other mandatory professional reporting requirements. It was further resolved that the accounts prepared for the Superannuation Fund in respect of the year ended 30 June 2008 be adopted.
Trustees' DeclarationThe Trustees' Declaration for the Superannuation Fund be signed by two Trustees.
Investment StrategyNo significant changes in the investment strategy were required in light of a review of the investment performance and investment objectives of the Fund.
______________________________John Smith - Trustee
______________________________Sally Smith - Trustee
Dated: / /
1035 0812 Financial Statement
TRUSTEE COMPANY 1 PTY LTDACN 999 999 999
DIRECTOR RESOLUTION
DividendsNo dividend be declared for the financial year ended 30 June 2008.
Accounts
Solvency of the Company
Director Declaration
______________________________John Smith - Director
Dated: / /
The Director Declaration for the year ended 30 June 2008 be approved and signed.
I the undersigned John Smith being the sole Director of Trustee Company 1 Pty Ltd at the date hereof, resolve that:-
The financial accounts of the Company in respect of the year ended 30 June 2008 have been prepared as a special purpose financial report. It was further resolved that the Company is a non-reporting entity and that the accounts prepared be adopted.
After reviewing the accounts of the Company and its expected position for the ensuing financial year it was resolved that the Company could pay its debts as and when they fall due.
1035 0801 Financial Statement
TRUSTEE COMPANY 2 PTY LTDACN 999 999 999
DIRECTORS RESOLUTION
DividendsNo dividend be declared for the financial year ended 30 June 2008.
Accounts
Solvency of the Company
Directors Declaration
______________________________John Smith - Director
______________________________Sally Smith - Director
Dated: / /
The Directors Declaration for the year ended 30 June 2008 be approved and signed by John Smith and Sally Smith for and on behalf of the Directors.
We the undersigned John Smith and Sally Smith being all the Directors of Trustee Company 2 Pty Ltd at the date hereof, resolve that:-
The financial accounts of the Company in respect of the year ended 30 June 2008 have been prepared as a special purpose financial report. It was further resolved that the Company is a non-reporting entity and that the accounts prepared be adopted.
After reviewing the accounts of the Company and its expected position for the ensuing financial year it was resolved that the Company could pay its debts as and when they fall due.
1035 0811 Financial Statement