1046 0701 Value Pricing · PDF file1035 0801 Value Pricing Template - Red File Tab1. Austens...

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: [email protected]

FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008

SAMPLE FAMILY TRUST

mailto:[email protected]

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


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


Red File Tab 2 or 3


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


Red File Tab 2 or 3


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


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


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: / /


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: / /


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 - - - - - - - -







Taxation

Depreciation Schedule










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


Taxation

20/02/20094:28 PM 1035 0801 Depreciation ScheduleAsset Register Pahe 1 of 1




SAMPLE CORPORATE BENEFICIARY PTY LTD

ACN 999 999 999



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


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


Retained Earnings (Accumulated Losses) 327,966.10 285,188.60


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


Red File Tab 2 or 3

SAMPLE CORPORATE BENEFICIARY PTY LTDACN 999 999 999NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008


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.






Investments






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:


______________________________Sally Smith - Director

Dated: / /






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: / /





SAMPLE UNIT TRUST



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


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


Income DistributionsSample Retirement Plan 88,481.00 78,317.00

88,481.00 78,317.00


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


Red File Tab 2 or 3

SAMPLE UNIT TRUSTNOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2008


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.






Investments






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.



Dated: / /





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: / /


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 - - - - - - - -









Taxation










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


Taxation

25/02/200912:48 PM 1035 0811 Depreciation ScheduleAsset Register Pahe 1 of 1




SAMPLE RETIREMENT PLAN



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


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.


AASB 112: Income Taxes AASB 1031: Materiality AASB 110: Events After the Balance Sheet Date




Investments




These notes should be read in conjunction with the attached audit report.


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: / /


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.


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: / /


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.


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.



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




ACN 999 999 999


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.


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



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.


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.


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:


TRUSTEE COMPANY 1 PTY LTDACN 999 999 999

DIRECTOR DECLARATION


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:




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.


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.


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.


Suite 5 11 Beach StreetLocked Bag 33





ACN 999 999 999


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 - -



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



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.


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.


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:



DIRECTORS DECLARATION



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:




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.


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.


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.


Suite 5 11 Beach StreetLocked Bag 33


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2


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


13/484 Graham Street

Final tax return N

IN-CONFIDENCE�when completed Detailed

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



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



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



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



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


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


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


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


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



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



/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



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


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


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


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


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


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


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


of 8SAMPLE UNIT TRUST TFN:

2008Capital allowances schedule

to Part B.

(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


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.


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


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



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


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


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


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


Locked Bag 33

C/- Austens

96466377032132803

2

James

Robbins

Mr

Greg



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



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



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



/

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



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



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



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


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

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


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


Locked Bag 33

C/- Austens

ABOVE.postal address, print ASIf the same as your currentYour home address



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.


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


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



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


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



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,


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



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,


9646637703 55519009Paul Englefield

AUSTENS PTY LTD

999905


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

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


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


Locked Bag 33

C/- Austens

ABOVE.postal address, print ASIf the same as your currentYour home address



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.


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


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



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


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



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,


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



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,


9646637703 55519009Paul Englefield

AUSTENS PTY LTD

999906


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.


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:



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.



Dated: / /


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: / /



DIRECTOR RESOLUTION


Accounts

Solvency of the Company

Director Declaration


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.



DIRECTORS RESOLUTION


Accounts

Solvency of the Company

Directors Declaration



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.


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