SUPERANNUATION FUND TAX RETURN CHECKLIST

Let us better assist you with your superannuation needs with this simple checklist.


Information
Provided
Not
Applicable
Investment strategy (most recent) and minutes.
Information ProvidedNot Applicable

For first year audits

Prior year financial statements, audit report (signed) and tax return.
Information ProvidedNot Applicable
Copy of trust deed.
Information ProvidedNot Applicable

If trustees have changed

If new members/trustees were appointed during the year, copies of application forms and consents to act as trustee.
Information ProvidedNot Applicable
ATO trustee declarations (NAT 71089) dated within 21 days of appointment.
Information ProvidedNot Applicable

Bank account statements and term deposits

Complete financial year bank statements and term deposit certificates for the year.
Information ProvidedNot Applicable
Bank .csv file.
Information ProvidedNot Applicable
Bank confirmations requested by the auditor.
Information ProvidedNot Applicable

If the fund holds commercial or residential property

Rental/lease agreement.
Information ProvidedNot Applicable
Most recent valuation of the property.
Information ProvidedNot Applicable
Property-related expenses/invoices.
Information ProvidedNot Applicable
Certificate of Insurance.
Information ProvidedNot Applicable
External property management statements.
Information ProvidedNot Applicable
Settlement statement and contract (for purchase or sale).
Information ProvidedNot Applicable

If the fund holds listed shares or managed funds

Dividend or distribution statements.
Information ProvidedNot Applicable
CHESS or holding statements.
Information ProvidedNot Applicable
Contract notes (buy and sell).
Information ProvidedNot Applicable

Annual tax summary (for managed trusts).

Information ProvidedNot Applicable
Trust transaction and year-end statements.
Information ProvidedNot Applicable
Broker transaction statements and portfolio statements.
Information ProvidedNot Applicable
Documentation to confirm shares or units held at year end and any movements (share/unit certificates).
Information ProvidedNot Applicable
If fund uses a portfolio/wrap service, a copy of the type 2 report (audit report) attached to the provider documentation.
Information ProvidedNot Applicable

If the fund holds shares or units in private companies or trusts

Dividend or distribution statements.
Information ProvidedNot Applicable
Financial statements of the private entity (if available).
Information ProvidedNot Applicable
Income tax return of the private entity (if available).
Information ProvidedNot Applicable
Details of underlying assets (e.g. address of property, to enable a search to be conducted).
Information ProvidedNot Applicable

If the fund holds mortgage loans, debentures or interest securities

Income/interest statements.
Information ProvidedNot Applicable
Documentation to support loan balance (e.g. mortgage/loan agreement/annual statements).
Information ProvidedNot Applicable
Documentation to support movement in loan balances, debentures or interest securities.
Information ProvidedNot Applicable

If the fund holds other assets (e.g. collectables or exotic assets)

Documentation to support income earned.
Information ProvidedNot Applicable
Documentation to support asset ownership.
Information ProvidedNot Applicable
Documentation to support asset valuation.
Information ProvidedNot Applicable
Copies of insurance policies covering assets held.
Information ProvidedNot Applicable
Copies of lease / storage agreements and trustee minutes agreeing to the lease or
regarding the decision on how and where to store the asset.
Information ProvidedNot Applicable

Contributions and rollovers

Employer statements as to contributions made (or, if a related employer, copies of employer
financial reports/trial balance).
Information ProvidedNot Applicable
Details of member contributions.
Information ProvidedNot Applicable
Deduction for personal superannuation contribution forms (NAT 71121).
Information ProvidedNot Applicable
Documentation to support in specie contributions (e.g. copies of off-market share transfers
and valuation documentation).
Information ProvidedNot Applicable

Rollover statements, for funds rolled into the fund.

Information ProvidedNot Applicable
Details of any fund expenses or fund tax that may have been paid for personally by you or
another member.
Information ProvidedNot Applicable

Expenses

Invoices for accounting and audit fees.

Information ProvidedNot Applicable
Invoices from financial advisors.
Information ProvidedNot Applicable
Insurance premium notices, copies of insurance policies & confirmation of policy owner.
Information ProvidedNot Applicable
Excess contributions assessments or surcharge notice (from the ATO).
Information ProvidedNot Applicable
Invoices for legal fees.
Information ProvidedNot Applicable
Invoices to support any other expenses.
Information ProvidedNot Applicable

Benefit payments/pensions

Minutes or documentation to support pension payments
Information ProvidedNot Applicable
Calculations of minimum pension payments
Information ProvidedNot Applicable
Documentation to support the commencement or commutation of pension accounts
Information ProvidedNot Applicable
Details of asset segregation (if a segregated fund).
Information ProvidedNot Applicable

Limited Recourse Borrowing Arrangements (LRBA’s)

Details of the Trustee (copy of ASIC statement for Corporate Trustee).
Information ProvidedNot Applicable
Copy of Bare Trust Deed (Stamped).
Information ProvidedNot Applicable
Copy of loan statements for the full financial year.
Information ProvidedNot Applicable
Copy of the loan contract.
Information ProvidedNot Applicable