Item 17 - Overseas transaction or interest and foreign source income

Did the fund have any transactions or dealings with international related parties (irrespective of whether they were on revenue or capital account)?

This is a mandatory question. The answer defaults to No. If this question applies to the fund, select Yes from the answers listed at label A.

Refer to International related party dealings and transfer pricing on the ATO website.

Was the aggregate amount of the transactions or dealings with international related parties (including the value of property transferred or the balance outstanding on any loans) greater than $2 million?

This is a mandatory question. The answer defaults to No. If this question applies to the fund you must select Yes from the answers listed at label Y.

Refer to International dealings greater than $2 million on the ATO website.

Did the fund have an overseas branch or a direct or indirect interest in a foreign trust, foreign company, controlled foreign entity or transferor trust?

This is a mandatory question. The answer defaults to No. If this question applies to the fund, select Yes from the answers listed at label C.

Refer to Overseas interests on the ATO website.

Was the amount of foreign income tax paid greater than $100,000, or,

Was the amount of assessable foreign income greater than $500,000?

This is a mandatory question. The answer defaults to No. If this question applies to the fund, select Yes from the answers listed at label D.

Refer to Foreign source income on the ATO website.

Did the fund directly or indirectly send to, or receive from, one of the countries specified in the instructions, any funds or property? This includes sending or receiving the funds or property indirectly, for example, through another entity or country, or

Does the fund have the ability or expectation to control, whether directly or indirectly, the disposition of any funds, property, assets or investments located in, or located elsewhere but controlled or managed from one of those countries? 

This is a mandatory question. The answer defaults to No. If this question applies to the fund, select Yes from the answers listed at label E.

Refer to Transactions with specified countries on the ATO website.

CCH References

8-350 Overseas transactions Funds

22-580 Transfer pricing