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24 Sep 09 PPF information return for year ended 30 June 2009

The ATO has advised that the prescribed private fund (PPF) information return for the period 1 July 2008 to 30 June 2009 is now available on the ATO website. The return forms and their instructions will not be mailed out this year.

Funds must complete and submit an information return for the year ended 30 June 2009 if they:

  • are a private fund that is prescribed in the Income Tax Assessment Regulations 1997 regulation 995-1.02, or
  • have been approved for prescription in the regulations before 1 July 2009, and have received written confirmation to that effect.

PPFs are still required to submit an information return for the year ended 30 June 2009 despite the tax law changes for PPFs that commence on 1 October 2009.

For a copy of the ATO advice, go here

 


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