Distribution entitlement summary

This statement outlines aggregated tax component information relating to trust distributions and partnership income received from all entities within the group, as well as other external trust distributions or partnership income to which the superannuation fund is entitled.

Inter-funded information on cents per unit is calculated based on data from the

Inter-funding calculation import

statement once the relevant unit holding information is input.

The trust information component for other funds can be input on a total dollar basis.

The

Partnership income

column displays and populates data from

Partnership distribution received imported

.

The

External trust distribution received

column displays and populates data from

External trust distribution received import

.

The total of individual tax component information compiled by this schedule is transferred to the relevant calculation statements for each component.

In the tax income reconciliation, the trust distribution amount per the

Income statement

is deducted from taxable income on the

Tax income reconciliation

statement. To calculate the amount to be added to

taxable income

in the

Tax reconciliation income

statement, this statement calculates the share of the distribution amounts to which the fund is presently entitled/attributed after deducting: tax credits or offsets (added to taxable income separately), AMIT cost base increase, and assessable components relating to capital gains (linked to the

Net capital gains calculation

statement to be factored into assessable capital gains).

The AMIT cost base increase amount is used only for reconciliation between tax and accounting and not within the calculation.

Trust distribution receivable not recognised in accounts – current year

will flow into

Statement of unrealised income

, adjusting the total unrealised net capital gain or loss for the year.

Any tax deferred cost base adjustments from group trust distributions will flow into

Net capital gain calculation unrealised

if the option is selected in

Calculation setup

.

Gross-up franking credits and foreign income tax offset from trust and partnership distributions will flow into this statement if the option is selected in

Calculation setup

.

Distributions from inter-funded trusts are linked from the

Inter-funding calculation import

statement.

Relevant tax component information relating to trust and partnership distributions from all entities is linked from the

Partnership distribution received imported

and

External trust distribution received import

statements.

All amounts are entered as positive.