V700 - V799

Edit Test

^APY > 0 and (^AGQ < (^APY*0.15) - 1)

Explanation

In the calculation statement taxable income/loss figure is greater than zero and the gross tax figure is less than 15% of the taxable income figure.

Form Type

EF

Edit Test

^IOQ <= 0 and ^APY <= 0 and ^AGQ > 0

Explanation

No 'No-TFN-Quoted Contributions' amount present, therefore Gross Tax cannot be greater than the Taxable Income/Loss amount.

Form Type

EF MS

Edit Test

(^IUB # 'Y' or ^BAB = 'I') and

^APY > 0 and ^AGQ < ^APY*0.47

Explanation

In the calculation statement, taxable income/loss figure for a non-resident or non-regulated fund is greater than zero and the gross tax figure is less than 47% of the taxable income figure.

Form Type

EF

Edit Test

(^IUB # 'Y') and ^APY > 0 and

(^AGQ < (^APY*0.47) - 1)

Explanation

In the calculation statement, taxable income/loss figure for a non-resident is greater than zero and the gross tax figure is less than 47% of the taxable income figure. Recheck taxable income/loss figure and re-input corrected information.

Form Type

MS

Edit Test

^APY > 0 and

^AGQ < ((^IOQ*0.49 +

                (^AHU + ^IPS + ^IPT)*0.47 +

                (^APY - ^IOQ - ^AHU - ^IPS - ^IPT)* 0.15) -1)

Explanation

In the calculation statement taxable income/loss figure is greater than zero and the gross tax figure is less than 49% of no-TFN-quoted contributions plus 47% of non-arm's length income plus 15% of taxable income minus 15% of no-TFN-quoted contributions minus 15% of non-arm's length income.

Form Type

MS

Edit Test

^APQ # ABS{^BNB + ^ASC -

(^AJL + ^IIV + ^FTW + ^JGF + ^JAC + ^KIJ + ^JIK) - ^APM}

Explanation

Amount due or refundable (S) must be equal to tax payable (T5), plus section 102AAM interest charge (G), less credit for interest on early payments - amount of interest (H1), less credit for tax withheld - foreign resident withholding (excluding capital gains) (H2), less credit for tax withheld - where ABN or TFN not quoted (non-individual) (H3), less credit for TFN amounts withheld from payments from closely held trusts (H5), less credit for interest on no-TFN tax offset (H6), less Credit for amounts withheld from foreign resident capital gains withholding (H8), less tax offset refunds (I), less PAYG instalments raised (K).

Form Type

EF

Edit Test

^APQ # ABS{^BNB + ^ASC - (^AJL + ^IIV + ^FTW + ^JGF + ^JAC + ^KIJ + ^JIK) - ^APM + ^IPV - ^KFT + ^KGM}

Explanation

Amount due or refundable (S) must be equal to tax payable (T5), plus section 102AAM interest (G), less credit for interest on early payments - amount of interest (H1), less credit for tax withheld - foreign resident withholding (excluding capital gains) (H2), less credit for tax withheld - where ABN or TFN not quoted (non-individual) (H3), less credit for TFN amounts withheld from payments from closely held trusts (H5), less credit for interest on no-TFN tax offsets (H6), less Credit for amounts withheld from foreign resident capital gains withholding (H8), less tax offset refunds (I), less PAYG instalments raised (K), plus supervisory levy (L), less supervisory levy adjustment for wound up funds (M), plus supervisory levy adjustment for new funds (N).

Form Type

MS

Edit Test

^FLX = 'Y' and ^AJK # 0

Explanation

If the fund or trust was wound up during the year it cannot have a positive number of members.  Check fund or trust wound up during the year indicator and number of members on the return and reinput corrected information.

Form Type

EF

Edit Test

^AHV > (^AHS + ^AHT)

Explanation

'Transfer of liability to LIC or PST' at label R6 cannot be greater than the sum of 'Assessable employer contributions' at label R1 and 'Assessable personal contributions' at label R2.

Form Type

EF

Edit Test

^APY #

(^AWG + ^AIR + ^AFZ + ^IRR + ^ADY + ^IFW + ^IKE + ^FTZ +

 ^BME + ^AGF + ^AGG + ^AGH + ^IPM + ^ION + ^IOO + ^IOP +

 ^JJO + (^AHS + ^AHT + ^IOQ - ^AJM - ^AJN - ^AHV) + ^AGU +

 ^BAC + ^IUE) -

(^AIE + ^AGL + ^ACO + ^AVN + ^GCG + ^ARI + ^FUA + ^IOS +

 ^FUC + ^JJF + ^JJG + ^IRN + ^JJP + ^ALZ + ^BAD)

Explanation

The taxable income/loss figure at Label O must be equal to the sum of all income items less the sum of all expense items.

Form Type

EF

Edit Test

^APY #

(^AWG + ^AIR + ^AFZ + ^IRR + ^ADY + ^IFW + ^IKE + ^FTZ +

 ^BME + ^AGF + ^AGG + ^AGH + ^BMF) +

(^AHS + ^AHT + ^IOQ - ^AHV) + (^AGU + ^BAC) +

(^AHU + ^IPS + ^IPT) -

(^AIE + ^AGL + ^ACO + ^GCG + ^ARI + ^FUA + ^IOS +

 ^IPU + ^FUC + ^JJF + ^IRN + ^ALZ + ^BAD)

Explanation

The taxable income/loss figure at Label O must be equal to the sum of all income items less the sum of all expense items.

Form Type

MS

Edit Test

^ANQ = 'Y' and ^ANR = Null

Explanation

At Item 17 if the fund or trust is claiming a deduction for premiums for death or disability cover that requires an actuary's certificate then an answer must be given to the question on whether the fund or trust has obtained the relevant certificate.

Form Type

EF

Edit Test

^ANQ = 'N' and ^ANR # Null

Explanation

If the fund or trust is NOT claiming a deduction for premiums for death or disability cover that requires an actuary's certificate then an answer is not required to the second question at Item 17.

Form Type

EF

Edit Test

^ANU = 'Y' and any occurrence of

(^ANV = Null or ^ANW <= 0 or ^IIU = Null or ^IOU = Null)

Explanation

At Item 15 if the fund or trust has transferred taxable contributions to a life insurance company, registered organisation or pooled superannuation trust then the name of the transferee or transferees, the amount of contributions transferred to each transferee and market value are required.

Form Type

EF

Edit Test

^ANU = 'N' and any occurrence of

(^ANV # Null or ^ANW # Null or ^IIU # Null or ^IOU # Null)

Explanation

If the fund or trust has NOT transferred taxable contributions to a life insurance company, registered organisation or pooled superannuation trust then the name of the transferee or transferees, the amount of contributions transferred to each transferee and the market values are not required at Item 15.

Form Type

EF

Edit Test

^BET # Null and ^ALZ <= 0

Explanation

Other deductions action code (Section C - Fund form) or Other amounts action code (Section C - SMSF form) is present without a corresponding value at Other deductions (Label L) or Other amounts (Label L1) respectively.

Form Type

EF MS

Edit Test

^ALZ > 0 and ^BET = Null

Explanation

Value present at Other deductions (Section C Label L - Fund form) or Other amounts (Section C Label L1 - SMSF form) without a corresponding other deductions action code.

Form Type

EF MS

Edit Test

^KCY # Null and ^KCX <=0

Explanation

Non-deductible expenses - Other amounts action code is present in Deductions section without a corresponding value at Non-deductible expenses - Other amounts.

Form Type

MS

Edit Test

^KCX > 0 and ^KCY = Null

Explanation

Value present at Non-deductible expenses - Other amounts in Deductions section without a corresponding Non-deductible expenses - Other amounts action code.

Form Type

MS

Edit Test

^BMF > 0 and ^BMG = Null

Explanation

A gross distribution from trusts figure is present without a corresponding gross distribution from trusts action code.

Form Type

EC MS

Edit Test

^BMG # Null and ^BMF <= 0

Explanation

Gross distribution from trusts action code is present without gross distribution from trusts amount.

Form Type

EC MS