Item 4 - Interposed entity election status

See Interposed entity election status on the ATO website.

Family Trust Distribution Tax

FTD tax may be paid using a Family trust distribution tax payment advice which is available on the ATO website. Make cheques or money orders payable to the Deputy Commissioner of Taxation and print 'Not negotiable' across the cheque. Tender all cheques in Australian currency and do not send cash by post.

The Standalone Interposed Entity Election Schedule (YY) may be lodged separately from the income tax return at any time. More than one standalone interposed entity election may be lodged via PLS each year. This schedule is accessed by selecting Preparation > Schedule > Standalone Interposed Election Schedule (YY).

CCH References

6-266 Family trusts - interposed entity elections