Tax and EOFY toolkit

A range of resources to support you

EOFY 2022 Information

View all of the key tasks for June and their processing cut-offs.

Cut-off dates and tasks

Note: The cut-off time is 5PM Sydney time (AEST) across all tasks on the specified cut-off date to complete requests. This includes all requirements to be received and no outstanding follow-ups (eg submission of the request including client consent or approval, where required). Incomplete requests received prior to the cut-off and requests received after the cut-off will be processed on a best-efforts basis.

Date Information
Wednesday 1 June
Direct Debit Requests
Monday 6 June
Pension Updates
  • Changes for June monthly pension run (Final pension updates for the 2021/2022 Financial year)
  • See cut-off details
Thursday 9 June 
Transfers (In and Out)
Friday 10 June
Client investor status
Thursday 16 June
Transfers (In and Out)
Thursday 16 June
Thursday 16 June
  • Full or partial from pension to super and full product switches (super to pension)
  • See cut-off details
Thursday 16 June
Fee changes and Advice Fee Consent
  • Digital Fee Consent Form – Print, Sign and Upload, Manual Account Grouping
  • See cut-off details
Thursday 23 June
Deposits and Contributions
Thursday 23 June
Adviser Changes 
Friday 24 June
Fee changes and Advice Fee Consent
Monday 27 June
Direct Debit Requests
Monday 27 June
Deduction notices
  • For personal contributions made in 2020/2021 Financial Year 
  • See cut-off details
Tuesday 28 June 
Tuesday 28 June 
Contribution splitting
  • Contribution splitting request for 2021 Financial Year
  • See cut-off details
Tuesday 28 June
New Applications
Thursday 30 June
Thursday 30 June
Deposits and Contributions

Tips to avoid processing delays

Check your client’s available cash

  • Before submitting withdrawal or rollover requests, check the available cash for your clients to avoid any processing delays.

Ensure sufficient cash is available in your clients’ pension accounts

  • This is to make sure pension payments can be made in June to satisfy any minimum pension requirements for the 2021/22 financial year. 

Check your super clients direct deposit facility

  • Please make sure we can receive and process contributions correctly that are paid by funds transfer by checking your client’s direct deposit facility. If your client intends to make a contribution via EFT to a super account, it’s important the direct deposit facility is set up with the correct contribution type. You can change the contribution type by calling us.

Ensure your investment clients’ accounts are ready for tax reporting

  • Please check correct cost base information is supplied where assets are being transferred in via in-specie transfer, to ensure accounts are ready for tax reporting. Incorrect or incomplete cost base information can impact the accuracy of reporting. Check you can supply all relevant cost base information to provide this for assets transferred into wrap accounts.

Submit paperwork as early as possible

  • If you’re able to submit paperwork before the provided cut-off dates, there’ll be a greater chance that we can work with you to resolve any unexpected issues before the final cut-off dates.

Make sure you’re using the most up-to-date version of our forms available online

Important notes


During the first week of July, we’ll be calculating your 2022/23 pension. You won’t be able to make changes to your pension during this time. 

Add as a reminder

You can also add these to your personal calendar as a reminder by clicking on the task.

Download and print the EOFY cut-off dates and times as a PDF 

  1. Right click anywhere on the page when you are in the 'Cut-off dates and times' tab and select 'Print' or use short cut 'Ctrl+P'. 
  2. Once the 'Print' window has opened, select 'Save as PDF' in your 'Destination' options. 
  3. Click 'Save' and follow the prompts when the 'Save As' window appears.

Manage your advice fee arrangements for Wrap accounts via our new Advice Fee Consent (AFC) Reporting page in Adviser Online

For advice fees to continue being deducted from your clients’ accounts  from 1 July 2022, any fee arrangements which are in place prior to the effective legislation date of 1 July 2021 must be:

  • renewed or,

  • a new fee arrangement must be in place prior to end of the transition period.

To ensure you don't miss out on being paid advice fees, we require completed:

  • Digital Advice Fee Consent Forms submitted via Print Sign and Upload method before 16 June 2022 
  • Paper Advice Fee Consent Forms, required for grouped accounts, submitted before 16 June 2022
  • Digital Advice Fee Consent Forms submitted via email verification method before 24 June 2022

In addition, please note where consent isn’t received, your last month of payment will be in July 2022 for advice fees accrued for the month of June 2022. 

You can do this by visiting our reporting page where you can:

  • view your client’s advice fee arrangements for Wrap accounts

  • manage your advice fee reporting all in the one place 

  • view a report of when consent is due

  • see when consent has expired for your fee arrangements

  • renew fee arrangements by generating the digital fee form and requesting your client’s consent

  • generate and download a CSV report to help sort and filter for various options such as due dates of consent, investor status and more. 

To find out more, please go to Help Centre and search “Advice Fee Consent”.

Reduction in annual pension minimum requirements

As part of their response to COVID-19, the Federal Government announced a 50% reduction to the annual pension minimum requirements for 2019/20, 2020/21 and 2021/22 financial years. 

The Federal Government has recently extended the temporary reduction in pension drawdown rates to apply for the 2022/23 financial year.

These reduced annual pension minimums are the minimums we’ll apply when calculating your clients’ pension payments for the 2022/23 financial year.  

Wrap tax elections

Wrap tax elections close 5 July 

If you have Wrap investment clients, you have until 5 July 2022  to make your online tax elections for 2021/22 tax reports.

This allows you to customise upcoming tax reports and make choices about CGT reporting and adviser fee deductions for your clients’ tax reports.

Tax reports are available online only and we’ll send you an email when new tax reports are available for your clients (from the end of July onwards). We’ll also email and SMS your client when their tax report is ready.

Please ensure your clients’ email and mobile information is kept up-to-date so they can receive these notifications.

Find out more

If you’d like more information about tax elections, go to Adviser Help Centre and search ‘Tax election’.

Useful links

What are tax elections?

Online tax elections let you customise each of your clients' tax reports to suit their individual needs. Learn more about the tax election process and tax report release in our Tax elections flyer.

Current tax elections

Unless you make elections for this tax reporting year, our default elections will apply. You can read about our default elections and other key information in our Tax elections flyer.

Making elections for your clients

From adviser view:

  • for capital gains elections follow the path: Administration > Investment > Enter or maintain a CGT cost base method

Some more information on complex security holders and non-residents

While we do our best to distribute client Tax Reports as soon as possible, there are certain securities that can delay the process. If any of your clients hold one or more of the following securities, they can expect to receive their Tax Report between October and December:

  • listed trusts
  • international property trusts
  • hedge funds
  • geared investments
  • instalment warrants.

Clients listed as non-residents for tax purposes are also expected to receive their Tax Report between October and December. We will advise you of any changes to this timeframe.

Non-residents and complex securities holders listed above may need to lodge their tax return through a tax agent to avoid any penalties that may apply if they do not lodge their return with the Australian Tax Office before 30 October 2022.

Choosing the specific parcel selection option

One of your tax election options is specific parcel selection, where you can specify the open parcels against which disposals can be allocated.

Please note that this may not be an option across all listed securities due to a corporate action event.

If you’d like to choose specific parcel selection and the security you wish to select isn’t displayed, this will be available if:

  • There is a sale for a partial holding in the 2018/2019 tax year, and
  • There exists multiple buy parcels available for selection (you can find this in the unrealised gains report).

To proceed with the specific parcel selection for securities not available online, please complete this spreadsheet with the details of the specific parcel(s) you’d like to nominate and send it back to us at We’ll get in touch to let you know of next steps.

Installment warrants

Waiting on product issuers for more information.

  • Westpac
  • Citi

Product issuer schedule

In an effort to help you manage your client expectations around the availability of their Tax Reports, we have reached-out to Fund Managers and requested an indication of when they will be able to provide us their annual tax components.

The below schedule shows the dates that we expect to receive this information for each Fund. Please note that all Fund components need to be finalised and processed for an account before the Tax Report can be issued.

Once issued, you can view your client’s Tax Reports via the adviser website

Status Key:

  • Outstanding – Fund Tax Reports have not yet been received by the Platform. If the information is not provided by the Expected Date, we will follow-up with them regularly. If we are informed by the Fund Manager of any material changes to the Expected Date, we will notify you via email and the Investment Menu News page.
  • Received – Fund Tax Reports are being processed at a Platform level, and are being reconciled to individual accounts (On average, this process will take around 2 weeks)
  • Audit – To provide assurance around the accuracy of your Tax Report, KPMG conduct an independent audit to ensure they remain consistent with the Assumptions and Principle outlined in the Tax Guide and that the information reported are consistent with the information from our source systems (On average, this process will take around 1 week).
  • Finalised – All the Tax Components for this Fund have been finalised (On average, this process will take around 1 week).

Product issuer schedule - available here

12H tax distribution schedule

This provides investors with the distribution components for managed investments available on investment menus. The information provided will assist investors with undertaking their own withholding obligations on behalf of their direct non-resident beneficiaries/investors.

12H tax distribution schedule

Client materials

Delayed assets impacting tax reports

Most tax reports will be available by the end of September. However, certain assets can cause delays in finalising some tax reports.

Here’s a list of these external assets which we expect will be delayed this year.

Security Security name Reason for delay


Aveo Group

Expected timing of tax statement



Expected timing of tax statement


LendLease Group

Expected timing of tax statement

We'll keep you informed of the 2022 tax report releases by emailing you and confirming which of your client’s reports are available.

If your client invests in non-Australian securities

A specific form may be required if your client:

  • invests in Australian-US dual-listed securities but is not a US citizen or US resident for tax purposes, most likely the Declaration of Foreign Residency (W-8BEN or W-8BEN-E form)
  • invests in securities listed or dual-listed in other nations, like Ireland
  • pays income tax in another jurisdiction, like the W9 form for US tax payers

Please note

For individual investors, only one W-8BEN form is required per individual, regardless of how many dual-listed securities are held. Where there are multiple beneficiaries, such as a joint account, a form must be completed for each beneficiary.

For entity investors, only one W-8BEN-E form is required per entity, regardless of how many dual-listed securities are held. Completed forms must be submitted directly to us for processing. Please do not send these directly to the share registry as they will not be accepted.

View more information on these forms below.

W-8BEN forms

General information on W-8BEN forms >

Please have your client complete the applicable Declaration of Foreign Residency form below.

Individual Entity

W-8BEN form

W-8BEN-E form


Documents to help you complete the correct fields:

If your client is invested in JAMES HARDIE INDUSTRIES PLC (JHX) – Irish DWT securities, please have them use this special form.

The following securities require a W-8BEN or W-8BEN-E form:

  • News Corporation (NWS)
  • Vanguard All-World Ex-US Shares Index ETF (VEU)
  • Vanguard US Total Market Shares Index ETF (VTS)
  • Coronado Global Resources Inc (CRN)

Foreign Income Tax Offsets (FITOs)

Certain Product Issuers may distribute FITOs on foreign capital gains as well as foreign source income. We report all FITOs distributed on foreign source income and foreign capital gains in column T35 of the Detailed Report in the Tax Report (effective July 2021).

Where the Product Issuer provides a split of FITOs paid on foreign capital gains and foreign source income, we’ll provide this information as a note on the Tax Report. In reporting these amounts we make no determination about investors’ eligibility to claim FITOs.

Investors should always seek independent advice from their Tax Agent to determine their eligibility to claim FITOs.

What are SMSF audits?

Self managed super fund (SMSF) auditors are required to conduct both a financial and compliance audit, and subsequently express an opinion that the SMSF has:

  • made no material errors in financial statements
  • complied with the Superannuation Industry (Supervision) (SIS) Act and regulations.

To assist you and SMSF auditors in this process, the reports below highlight the effectiveness of our internal controls and ensure the information provided in investor statements contains no material errors.

Independent audit report

Provided by the auditor to the Board of Directors of Macquarie Investment Management Limited on internal controls and other relevant accounting procedures as they relate to the specified annual investor statements for the year ended 30 June 2021.

Independent review reports

Provided by the auditor to the Board of Directors of Macquarie Investment Management Limited on the specified annual investor statements for the year ended 30 June 2021.

Review issued by KPMG after completion of all reports.

Important information

These reports may also apply to other account structures held through our platform and are not individually prepared for each SMSF client. We therefore recommend that you review the information provided, and assess whether it provides sufficient evidence regarding internal controls and material accuracy of the annual investor statements in order to meet your specific auditor responsibilities.   

Specific documentation from the SMSF's trustee will be required when carrying out your audit obligations in respect to assets that are either held outside your account. To assist you in determining the extent to which these reports may be relied upon, please refer to the Government's Auditing and Assurance Standards Board website and the Guidance Statement GS009 Auditing Self-Managed Superannuation Funds.

Super Tax

We’ve completed the tax calculations and adjustments for the period 1 July 2020 to 30 June 2021 for clients' super and pension accounts.

Resulting tax adjustments were made to your clients' Cash Accounts/Hubs and appeared in their Cash Transactions Report. Please see below for further information about this adjustment.


To help you explain to your clients the principles and assumptions that we’ve used to calculate each member's notional tax return, we’ve released the

The Guide to Member Tax Calculation is provided to you for information purposes only. No action is required from you or your clients.

Frequently asked questions

(The following are further explained in the Guide to Member Tax Calculation)

How would this affect my client?

If the annual tax liability of a member is less than the tax payments made during the year, we credit a refund to the member's Cash Account, otherwise their account is debited with a tax charge.

Which clients are included?

Clients affected are those who held active accounts during the period 1 July 2020 to 30 June 2021 and kept their accounts open until 5 February 2022.

What if my client's account is closed?

Members who leave the Fund prior to the year's annual processing date will not receive the benefit of any franking credits, foreign income tax offsets or any revenue/capital losses that have accrued. These tax benefits will be allocated on a proportional basis across all active accumulation accounts as at the processing date.

For further information, please refer to the Annual taxation adjustments section of the relevant Product Disclosure Statement.

What if my client has switched between super and pension accounts during the financial year, or since 1 July?

If your client has switched between super and pension accounts during or since the 2020/21 financial year, the tax calculation will be completed on both of these accounts, with the transactions being processed to the open account.

What if my client has transitioned their super or pension accounts since 1 July?

If your client transitioned from PortfolioOne to Grow Wrap in December 2020, the tax calculation will still be completed on their accounts as they’re in the same super fund. The transactions have been processed as usual to their open account.

Why would my client be debited a tax charge?

Clients may be debited tax charges if they disposed of assets and realised capital gains as a result during the financial year.

What do my clients see?

Your clients will see different adjustments on their Cash Transactions Report depending on the type of account they hold.

For superannuation clients:

  • Superannuation tax calculation adjustment (credit or debit) - the total net tax position
  • Distributed tax benefit adjustment - the forfeited tax benefits from closed member accounts.

For pension clients:

  • Distributed tax benefit adjustment - the franking credits applicable to the account.

For clients who have switched between super and pension:

  • Distributed tax benefit adjustment (credit or debit) - the total net tax position in the closed super account
  • Distributed tax benefit adjustment - the franking credits applicable to the open pension account.

Need more information?

Information for investors

Monday to Friday 8am to 7pm (AEST)

1800 892 353

Email or speak with your financial adviser

Support for financial advisers

Monday to Friday 8am to 7pm (AEST)

1800 892 353

Email or speak with your Business Development Manager