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Every company must lodge a Dividend and interest schedule for the current income year showing the following details:

  • The names, addresses, dates of birth and tax file numbers or Australian business number (ABN) (where quoted) of all shareholders (including employee shareholdings held in a consolidated group) to whom dividends have been paid during the current income year,

  • including the amount of dividend paid to each shareholder and

  • any franking credits referable to that amount.

There are separate labels for unfranked dividends which are and are not declared to be conduit foreign income. For more information on conduit foreign income, visit the ATO website.

Do NOT include dividends paid under a demerger in this schedule unless the head entity of the demerger group elected under subsection 44(2) of the ITAA 1936 that those dividends will be treated as assessable dividends.

Do NOT include dividends paid by one member to another within a consolidated group.

Subsidiary member of a consolidated group

If a subsidiary member of a consolidated group must lodge a company tax return for any periods when it is not a subsidiary member of any consolidated group (non-membership periods) during the year of income, that company must also lodge a schedule showing the above details.

The names, addresses, dates of birth, gender and tax file numbers or ABN (where quoted) of all investors, other than those investors in the business of providing business or consumer finance, to whom interest of $1 or more was paid or credited during the year of income ended 30 June 2018, and the amount of interest so paid or credited to each person. Include interest paid or credited by a subsidiary member of a consolidated group to an investor outside the group. Do NOT include interest paid by one member to another within a consolidated group.

If a subsidiary member of a consolidated group must lodge a company tax return for any non-membership periods during the year of income, that company must also lodge a schedule showing the above details.

If sub-regulation 56(1) of the Income Tax Regulations 1936 requires a company to lodge an annual investment income report containing the above details, the company does not need to lodge this schedule.

Lodging the schedule

You can lodge the schedule with the company tax return or under separate cover. However, you must lodge it by the due date for lodgment of the company tax return for companies whose income year ends on 30 June 2018. Companies with an approved substituted accounting period must lodge their schedule by 31 October 2018 or the due date for lodgment of their company tax return, whichever is later.

If you are lodging your schedule separately to your company return, send it to:

Australian Taxation Office
PO Box 2090
CHERMSIDE QLD 4032

Integration with Form C

The Interest and Dividends Paid Schedule (BT) amounts for Franked and Unfranked dividends integrate to the following labels in the Company return:

  • the total Franked Dividends paid integrates to Item 8, Label J.

  • the total Unfranked Dividends paid integrates to Item 8, Label K.

To open the BT, click [Alt+S] at item 8, labels J or K, or select it from the Navigation Bar under ATO Schedules or from PreparationSchedule.

  • These requirements do not apply to companies required under Regulation 56 to lodge an Annual Investment Income Report.
  • Interest that does not need to be recorded on the BT (for example, interest paid to financial institutions) may be recorded on the schedule hcx, refer to Interest Paid on Loans (hcx). These interest payments also integrate to C Form Item 6 Interest expenses overseas, Other Interest, and Interest expenses within Australia, Other Interest
  • Tax rolls forward the details recorded on the BT from year to year.
Maintaining the Index of Investors

A multiple worksheet is provided and as each investor's details are added and the worksheet saved an entry is created in the Index.

FieldDescription 
New

Opens a blank worksheet. The Investor's details may be pre-filled from a return that is contained in the practice's Tax ledger. Click [F10] at the name field to open the Return Index from which to select the relevant return. Alternatively, details may be keyed directly at the labels. Click [F6] or OK to save a worksheet and a blank worksheet is opened for the next investor's details to be entered. This Index and its worksheets are maintained from year to year.

Each entry in the index is given a numeric ID and when an entry is deleted, the Index is automatically renumbered sequentially.

When all entries are completed, click Cancel to exit the worksheet and click Close to exit the Index.

PropertiesOpens the Investor's worksheet for editing.
DeleteDeletes the worksheet the cursor is on and removes the entry from the Index and renumbers the remaining entries (if any)
SortArranges the index by:
  • Surname \ Company Name (alphabetically)

  • TFN (numerically)

  • Investor type and then alphabetically by Surname \ Company Name.

Close Closes the index of investors.
Completing the BT

The recipients are identified by payee name, TFN, ABN, address and the amount of Franking Credit, Franked Dividends, Unfranked Dividends not declared to be CFI, Unfranked dividends declared to be CFI and interest paid by the Company are recorded.

When adding new payee details click OK or [F6] to save the entry and clear the screen ready for the next transaction. Alternatively, to exit the Properties screen click Cancel.

FieldDescription

Investor Details

Where the investor is a client of the practice, click [F10] at the first name field to open the Index of returns from which to select that client's return. The identity details of the return selected are copied into the BT schedule and the Investor Type code is set to match the return type.

Alternatively, these details may be keyed directly into the BT schedule or the details defaulted from the selected return edited.

Investor Type

A list of investor types includes:

  • I - Individual

  • C - Company

  • T - Trust

  • P - Partnership

  • S - Superannuation Fund

  • D - Deceased Individual

    If the return type selected is Individual and the return records a date of death, you will have to set the investor type to D (Deceased) by selecting it from the list.

Investor Address

When a return is selected, the address details from the return populate the BT schedule. These are:

  • I return, the home address

  • C return, the business address

  • Partnership and Trust, the main business address

  • Fund return, the current postal address.

Once copied into the schedule the address can be edited if required.

Remaining Identity detailsThese are derived from the selected return or may be entered and include:
  • Investor types (I, C, F, P,T): TFN and ABN

  • Investor type I: Date of birth and Gender.

Amounts Paid

For each investor there is provision to record whole dollar amounts for the following:

  • Franking Credits

  • Franked Dividends

  • Unfranked Dividends not declared to be CFI,

  • Unfranked Dividends declared to be CFI

  • Interest Paid

 
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