Superannuation Fund Tax Return Checklist 08/09

» Bank Statements

-  Bank statements for the period 1 July 2008 to 30 June 2009
-  Details of all deposits and withdrawals
-  Cheque books butts and deposit books.

» Investments

-  Copies of annual tax statements for investments in forestry managed schemes
-  Copies of any off-market transfer forms for in-specie contributions
-  Copies of confirmation of purchase in forestry managed investment schemes
-  Copies of confirmation of units purchased in managed funds
-  Copies of contract notes and settlement statements for any shares purchased
-  Copies of distribution statement from trust
-  Copies of maturity notices for term deposits
-  Copies of sell notes and settlement statements for shares sold (include original contract notes if possible)
-  Copies of sell notes for units in managed funds sold (include original purchase notes if possible)
-  Details of any investments acquired from members or their associates during the income year
-  Details of any other investment assets purchased and sold
-  Details of investment in related parties, including any outstanding distributions to be received
-  Managed funds distribution statements, annual tax statements and capital gains statements
-  Dividend statements
-  Statements of returns of capital (from shares).

» Contributions Received

-  Records of all employer contributions (including salary sacrifice contributions)
-  Records of any undeducted personal contributions
-  Records of any contributions where no TFN was quoted
-  Written notices from members stating intention to claim deductions for their personal contributions
-  Acknowledgement notices by trustee to members confirming receipt of notices for personal contributions.

» Rollovers

-  Details of rollovers into the fund.

» Insurance Policies

-  Copies of annual life insurance statements provided for members.

» Benefits Paid

-  Copies of any lump sum benefits paid to members
-  Details of pensions paid to members, including copies of PAYG summaries, if applicable.

» Other Information

-  Auditor’s report for the previous financial year and record of audit fees
-  Copies of Instalment Activity Statements and/or Business Activity Statements lodged for the income year
-  Copies of minutes of meetings
-  Copies of trustee declarations for any new trustees, or directors of corporate trustees
-  Copy of investment strategy
-  Record of all members as at 30 June 2009
-  If you have any doubt about any income or expenses you've received or incurred, bring the documents in with you
-  Any other information that you think is relevant.



Important: This is not advice. Clients should not act solely on the basis of the material contained in this Bulletin. Items herein are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of the areas. The Bulletin is issued as a helpful guide to clients and for their private information. Therefore it should be regarded as confidential and not be made available to any person without our prior approval.


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