N400 - N499

N400

A transfer with Destination type set to 'V' should only be reported if all funds have been transferred from the member's account to the non-member spouse due to marriage breakdown.

N401

Investor type code:

• I: Individual

• C: Company

• P: Partnership

• T: Trust

• S: Superannuation Fund

• D: Deceased Individual

N402

A transfer with Destination type set to V should only be reported if there are insufficient funds remaining in the member's account to cover any superannuation surcharge liabilities. For example, when funds were transferred from the member's account to the non-member spouse due to marriage breakdown.

N405

L = Liquidation

N408

Valid Values:

• O - indicates that this is the first schedule that has been lodged with the Tax Office,

• A - indicates that the schedule has previously been lodged.

N422

• D - dividend and

• X - no dividend.

If the trust has an unpaid present entitlement to a private company and also makes a loan, payment or forgives a debt to a shareholder of the private company, there is an amount that may be included as a dividend in the assessable income of the shareholder. If no loan payment or forgiven debt occurs then there is no amount that may be included as a dividend.

N423

Residency codes for Companies are:

• '1' - Resident

• '2' - Non-resident no permanent estab;

• '3' - Non-resident with permanent estab

N430

If this form is being completed for a client lodging an annual return, ^EIW must not be completed.

N434

Business loss activities 1, 2 and 3 - reference for code 5 valid values are:

• 'PR' - Product Ruling

• 'AN' - Private Ruling Authorisation Number.

N443

Multiple IEE's may be in place at any one time. If the client has made or is making one or more IEE's, they are required to show the specified income year on the income tax return of the earliest IEE made.

N444

Assessment calculation codes used for income to which no beneficiary is presently entitled and in which no beneficiary has an indefeasible vested interest, and the trustee's share of credit for tax deducted. The codes are split into two categories - Inter Vivos Trusts and Deceased Estates.

The values of the codes falling under Inter Vivos Trusts are:

• 36 Resident or non-resident trust where no beneficiary is presently entitled to income;

• 37 Bankrupt estate;

• 37 Resident or non-resident trust where no beneficiary is presently entitled to income and to which subsection 99A(2) of ITAA 1936 is to be applied.

The values of the codes falling under Deceased Estates are:

• 15 Trust where the deceased person died less than three years before the end of the income year;

• 16 Trust where the deceased person died more than three years before the end of the income year;

• 17 A non-resident trust.

N445

Assessment calculation codes where the beneficiary is presently entitled to a share of the income of the trust are split into three categories - Inter Vivos Trusts, Deceased Estates and Special Disability Trusts.

The Resident beneficiary Inter Vivos Trusts codes are:

• 25 Over 18 years of age under a legal disability or an excepted person;

• 26 A prescribed person receiving excepted income only;

• 27 A prescribed person receiving eligible income only;

• 28 A prescribed person receiving excepted and eligible income only;

• 29 A prescribed person receiving eligible income from more than one trust;

• 30 Not under any legal disability;

• 34 A company;

• 35 A trust.

The Non-Resident beneficiary Inter Vivos Trusts codes are:

• 125 Over 18 years of age under a legal disability or an excepted person;

• 126 A prescribed person receiving excepted income only;

• 127 A prescribed person receiving eligible income only;

• 128 A prescribed person receiving excepted and eligible income only;

• 129 A prescribed person receiving eligible income from more than one trust;

• 138 Not under any legal disability;

• 139 A company;

• 140 A trust.

The Resident beneficiary codes for Deceased Estate are:

• 11 Under a legal disability;

• 12 Not under a legal disability;

• 13 A company;

• 14 A trust;

The Non-Resident beneficiary codes for Deceased Estate are:

• 111 Under a legal disability;

• 118 Not under a legal disability;

• 119 A company;

• 120 A trust

The codes for the Special disability trusts are:

• 45 for resident beneficiary;

• 145 for non-resident beneficiary.

N446

Revision type indicator valid values are from 1..9

N447

The value range of the trailing numeric/CAC to the client ID is from 000..999. A CAC is created in AIS to hold certain registration information in a similar structure to current tax roles. Each CAC will provide a single account through which a client fulfils certain tax obligations.

N449

The income year for the purpose of either a FTE or IEE must be the 2005 or later income year.

N450

Landcare and water facility tax offset brought forward from prior years cannot exceed $13100.

N451

For either the FTE or IEE status, the specified income year must be the 1995 or later income year.

N452

The revocation code for the Interposed Entity Election is 'R'

N456

The FTE specified income year, in respect of which the interposed entity election is being made, must be 1995 or later income year.

N457

An Interposed Entity Election can only be revoked for the 2008 or later income year.

N458

The valid values for ^IOD are R for revoking and V for varying a family trust election.

N459

If the number of days for the full levy exemption is present, and the beneficiary has been issued with a Medicare exemption certificate, print C in the code type box (^BOS).

N460

The charitable trust indicator is 'Y'.

N461

The consolidated subsidiary member indicator is '2'

N464

The number of month eligible for a part year tax-free threshold ranges from 1 to 12.

N465

The indicator for PSI unrelated client / employment / business premises test is '1'.

N466

The tax offset amount entitled for superannuation contributions on behalf of your spouse cannot exceed $540.

N467

The number of business activities is to range from 1 to 99.

N468

The year stated for the business activity loss is valid from 1998 or later income year, up to and including the current income year.

N469

The ETP code is shown on the PAYG payment summary - employment termination payment. If it is not on the payment summary contact the payer otherwise select one of the following valid codes for the ETP code box:

• 'R' - excluded life benefit termination payment for early retirement scheme, genuine redundancy, invalidity, compensation for personal injury, unfair dismissal, harassment, discrimination;

• 'S' - excluded life benefit termination payment that is part of an excluded or non-excluded payment or transitional termination payment made in an earlier income year for the same termination of employment;

• 'O' - non-excluded life benefit termination payment for golden handshake, gratuity, payment in lieu of notice, payment for unused sick leave, payment for unused rostered days off;

• 'P' - non-excluded life benefit termination payment that is part of an excluded or non-excluded payment or transitional termination payment made in an earlier income year for the same termination of employment;

• 'D' - death benefit termination payment paid to a dependant;

• 'N'- death benefit termination payment paid to a non dependant;

• 'B' - Death benefit termination payment paid to a non dependant that is part of a payment made in an earlier income year for the same termination of employment; and

• M - multiple. If the code is 'M', an Employment Termination Payment schedule must be attached detailing all payments.

N470

The valid values for the SLS Type code box are:

• N - where the death benefit was made to a non dependant and

• M - Multiple payments.

If the type code is M, an Australian Superannuation Lump Sum Payment Termination schedule must be attached detailing all payments. Where the SLS payment is a single payment and not a death benefit, the code box is to be null.

N471

Fund benefit structure code:

• 'A' - Accumulation fund,

• 'D' - Defined benefit fund,

• 'E' - Hybrid fund,

• 'U' - Unfunded defined benefit (U is not applicable to the SMSF form)

N472

Other income codes are:

• 'B' - Assessable balancing adjustment amount,

• 'C' - LIC capital gain amount,

• 'F' - Forex gains (SMSF form only),

• 'O' - Other income received not listed,

• 'R' - Rebate or refund of death or disability premiums,

• 'W' - Gross payments subject to foreign resident withholding,

• 'T' - TOFA gains or assessable TOFA balancing adjustment

N475

Family trust codes are:

• 'E' - Election;

• 'R' - Revocation;

• 'V' - Variation

N476

Interposed entity codes are:

• 'E' - Election;

• 'R' - Revocation

N477

The valid value for the electronic claim form indicator is:

• VR - refund for franking credit application. (Codes TT and TW are not valid for the Individual form)

N479

Trust codes are:

• 'D' - deceased estate;

• 'C' - special disability trust;

• 'F' - fixed trust-other than a fixed unit trust or public unit trust as described in U, P or Q;

• 'H' - hybrid trust-trust with fixed and discretionary elements;

• 'S' - discretionary service trust; 'T' - discretionary trading trust;

• 'I' - discretionary investment trust;

• 'M' - cash management unit trust;

• 'U' - fixed unit trust-other than public unit trust as described in P or Q;

• 'P' - public unit trust-listed other than cash management unit trust;

• 'Q' - public unit trust-unlisted other than cash management unit trust.

N480

For the calculation of the spouses total adjusted taxable income, if the sum of ^FLT * 0.530 results in an amount containing a decimal value, the total should be truncated to the whole dollar when used in the validation of V2357.

N481

Valid values are:

'A' - Current year lodged;

'B' - Current year not lodged;

'C' - Lodged, Not lodged, Not necessary.

N482

Valid values are:

• 'DL' - Due lodgment report;

• 'ER' - EFT reconciliation statement;

• 'OM' - Activity statement summary report;

• 'OL' - Activity statement lodgment report.

N483

If more than one time period is to be specified, complete a set of trustee details for each time period.

N484

The valid value at the Superannuation Co-contributions indicator is 'C'. This is to indicate that the client has completed Label F and the valid amount is zero.

N485

The valid values are:

• 'M' - Monthly activity statement;

• 'Q' - Quarterly activity statement;

• 'T' - Closely Held Trust. 'T' is to be used if the activity statement is being lodged for the purposes of Closely Held Trust reporting.

N486

Amendment indicator valid values are 1..9

N487

The valid values for the Entity type code are:  

• ‘I’ - Individual,

• ’T’ - Trust,

• ‘C’ - Company,

• ‘P’ - Partnership,

• ‘F’ - Fund,

• ‘S’- SMSF

N489

The valid values for the electronic claim form indicator are:

• TT - Tax file number information;

• TW - Withholding and payment information (Code VR is not valid for the Trust Details form)

N490

If preparing an amendment (^IJH # NULL) the following tags cannot be amended

[^AWR,^ABB,^AAD,^ABE,^ABF,^BAW,^ABG,^BBB,^ACU,^BGH,|
^BGI,^BGJ,^BGK,^BGL,^AAU,^ABH,^AME,^AMF,^APE,^AMG,^BGP,
^BKW,^BFV,^BKX,^BKY,^BKZ,^ABJ,^AUT,^AUU,^APG,^AUV,^AVO,
^AVY,^AJP,^AJX,^APD,^CCB,^FWR,^FWS,^FWT,^FWU,^FWV,
^FWW,^BJO,^AXA,^BJP,^AXB,^BFB,^BJQ,^BLK].

Although the listed tags may be required to lodge an amendment request they will not be used to update ATO client records.

N491

If preparing an amendment (^IJH # NULL) the following tags cannot be amended

[^AWR,^ABB,^AAD,^ABD,^ABE,^ABF,^BAW,
^ABG,^BBB,^BFG,^ABH,^AME,^AMF,
^APE,^KGD,^BFH,^ABK,^AXQ,^AXR,^APH,
^KGE,^ABQ,^ARH,^KGR,^BOC,^BOD,^FLW ].

Although the listed tags may be required to lodge an amendment request they will not be used to update ATO client records.

N492

If preparing an amendment (^IJH # NULL) the following tags cannot be amended

[^AWR,^ABB,^AAD,^AAU,^APP,^ABH,^AME,^AMF,^APE,
^AMG,^ABJ,^AUT,^AUU,^APG,^AUV,^ABE,^ABF,^BAW,
^ABG,^BBB,^ACU].

Although the listed tags may be required to lodge an amendment request they will not be used to update ATO client records.

N493

If preparing an amendment (^IJH # NULL) the following tags cannot be amended

[^AWR,^ABB,^AAD,^AAU,^APP,^ABH,^AME,^AMF,^APE,^ABJ,
^AUT,^AUU,^APG,^AVY,^AJP,^AJX,^APD,^ABE,^ABF,^BAW,^ABG,^BBB].

Although the listed tags may be required to lodge an amendment request they will not be used to update ATO client records.

N494

If preparing an amendment (^IJH # NULL) the following tags cannot be amended

[^AWR,^ABB,^AAD,^AAU,^ABH,^AME,^AMF,
^APE,^ABE,^ABF,^BAW,^ABG,^BBB,^ACU].

Although the listed tags may be required to lodge an amendment request they will not be used to update ATO client records.

N495

GST option 1 is: 'Y' - Yes.

N496

GST option 2 is: 'Y' - Yes.

N497

GST option 3 is: 'Y' - Yes.

N498

PAYG option 1 is: 'Y' - Yes.

N499

PAYG option 2 is: 'Y' - Yes.