mFund Settlement Service Enhancements - ASX · Mandatory and Conditional Mandatory data changes...

Business and Technical Overview mFund Settlement Service – Enhancements

CHESS RELEASE 9.0 MAY 2016

Table of Contents

DOCUMENT UPDATE TABLE .................................................................................................................................. 4

1. ACRONYM GLOSSARY .................................................................................................................................. 5

2. INTRODUCTION .............................................................................................................................................. 6

2.1. INCLUSIONS .............................................................................................................................................. 6

3. SCOPE OF INCLUSIONS ................................................................................................................................ 7

3.1. TESTING ................................................................................................................................................... 8 3.2. IMPLEMENTATION DATE ............................................................................................................................. 8 3.3. PARTIES IMPACTED BY THIS CHANGE.......................................................................................................... 8 3.4. NEXT STEPS ............................................................................................................................................. 8 3.5. CONTACTING ASX .................................................................................................................................... 8

4. OVERVIEW OF CHESS ENHANCEMENTS ................................................................................................... 9

4.1. DISTRIBUTION ELECTION ........................................................................................................................... 9 4.2. INCOME STATEMENT SELECTION .............................................................................................................. 11 4.3. PERIODIC INCOME STATEMENT ................................................................................................................ 12 4.4. ANNUAL INCOME STATEMENT .................................................................................................................. 13

5. TECHNICAL DETAILS .................................................................................................................................. 15

5.1. CHESS MESSAGE IMPACT ...................................................................................................................... 15 5.1.1. New CHESS Messages ............................................................................................................... 15 5.1.2. Modified CHESS Messages ......................................................................................................... 15

5.2. DISTRIBUTION ELECTION ......................................................................................................................... 16 5.2.1. Rejected Registry Authorisation [860-01]..................................................................................... 17 5.2.2. Distribution Election Request [863-01] ......................................................................................... 18 5.2.3. Distribution Election Authorisation Request [864-01] ................................................................... 19 5.2.4. Distribution Election Registry Authorisation [865-01] ................................................................... 20 5.2.5. Accepted Distribution Election Request [866-01] ......................................................................... 20 5.2.6. Distribution Election Registry Rejection [867-01] ......................................................................... 21 5.2.7. Effected Registry Transaction [762-01] ........................................................................................ 21

5.3. INCOME STATEMENT SELECTION .............................................................................................................. 22 5.3.1. Income Statement Request [869-01] ........................................................................................... 24 5.3.2. Income Statement Authorisation Request [868-01] ..................................................................... 25 5.3.3. Income Statement Authorisation [881-01] .................................................................................... 26 5.3.4. Accepted Income Statement Request [884-01] ........................................................................... 26 5.3.5. Income Statement Rejection [907-01] .......................................................................................... 27

5.4. PERIODIC INCOME STATEMENT ................................................................................................................ 28 5.4.1. Income Statement [813-01] .......................................................................................................... 29 5.4.1. Income Statement Advice [816-01] .............................................................................................. 30

5.5. ANNUAL INCOME STATEMENT .................................................................................................................. 31 5.5.1. Registry Income Statement Part A [957-01]................................................................................. 32 5.5.2. Registry Income Statement Part B [959-01]................................................................................. 33 5.5.3. Registry Income Statement Part C AI [961-01] ............................................................................ 34 5.5.4. Registry Income Statement Part C CG [963-01] .......................................................................... 35 5.5.5. Registry Income Statement Part C FI [965-01] ............................................................................ 36 5.5.6. Registry Income Statement Part C NA [967-01] .......................................................................... 37 5.5.7. Registry Income Statement Part C OD [969-01] .......................................................................... 38 5.5.8. End Registry Income Statement Set [971-01] .............................................................................. 39 5.5.9. Accepted Registry Income Statement Set [958-01] ..................................................................... 40 5.5.10. Rejected Registry Income Statement Set [960-01] ...................................................................... 40 5.5.11. Participant Income Statement Part A [962-01] ............................................................................. 41 5.5.12. Participant Income Statement Part B [964-01] ............................................................................. 42 5.5.13. Participant Income Statement Part C AI [966-01] ........................................................................ 43 5.5.14. Participant Income Statement Part C CG [968-01] ...................................................................... 44 5.5.15. Participant Income Statement Part C FI [970-01] ........................................................................ 45 5.5.16. Participant Income Statement Part C NA [972-01]....................................................................... 46 5.5.17. Participant Income Statement Part C OD [974-01] ...................................................................... 47

mFund Enhancements Business & Technical Overview

© Copyright 2016 ASX Limited ABN 98 008 624 691. All rights reserved 2016 of 64

5.5.18. End Participant Income Statement Set [976-01] .......................................................................... 48

6. APPENDICES ................................................................................................................................................ 49

6.1. APPENDIX 1: CHESS FIELD DEFINITIONS ................................................................................................. 49 6.2. APPENDIX 2: ATO STANDARD STATEMENT ............................................................................................... 57

6.2.1. Basic Structure ............................................................................................................................. 57 6.3. APPENDIX 3: ATO ANNUAL INCOME STATEMENT COMPONENTS ................................................................. 58 6.4. APPENDIX 4: REJECTION REASONS .......................................................................................................... 61 6.5. APPENDIX 5: SAMPLE DATA FLOW ........................................................................................................... 62



Document Update Table

Date Version Comment

12 September 2015 V1.7 Initial distribution

20 January 2016 V1.8 Modifications:

MT813: PID field shown in Bit Position 20, modified to 19

MT965: Corrected names for FI fields

MT966: AI Dividend Franked Amount Tax field shown in Bit Position 136, modified to 137

MT969: OD TFN Amounts Withheld and OD Other Expenses fields appear in Bit Positions 135 and 136, modified to 136 and 137 respectively

MT970: Corrected names for FI fields

MT971: Corrected Bit Position 12 Date as 8 Numeric


MT976: Origin Transaction Id included

Removal of ‘default’ references in Income Selection section.

Inclusion of INFO panel in 5. Technical Details relating to the validation of message data by CHESS

27 January 2016 V1.9 Modifications:

MT971: Origin Transaction Id included


22 February 2016 V2.0 Modifications:

MT957: New field Non Primary Deductions included

MT962: New field Non Primary Deductions included

11 March 2016 V2.1 Modifications:

Highlight that RPP functionality will not be activated

Change of naming for ‘DRP’ messages to ‘Distribution Election’

Inclusion of Rejection Reasons table

22 March 2016 V2.2 Modifications:

Inclusion of additional Rejection Reasons for RPP

19 May 2016 V2.3 Modifications:

Modification of description for Income Notification to remove the word ‘Initial’; this will now read: ‘I’ = Income Statement

Inclusion of sample transaction flow diagram, refer Appendix 5. Emphasised the fact that where an annual income statement set is rejected the entire set must be re-sent

Clarify the report frequency options for Income Statement reporting.



1. Acronym Glossary

Acronym Definition

AIC Access Identification Code (CHESS)

AML Anti-money Laundering

APG ASX Settlement Procedure Guidelines

APIR Asia Pacific Investment Register

ATO Australian Tax Office

CHESS Clearing House Electronic Sub-Register System

DRP Dividend Reinvestment Plan

EIS CHESS External Interface Specification

EOD End of Day

HIN Holder Indentication Number

ISV Independent Service Vendor

PDS Product Disclosure Statement

PID Participant Identifier

PISP Product Issuer Settlement Participant

RITS Reserve Bank Information & Transfer System

RPP Regular Payment Plan

SDS Standard Distribution Statement

SRN Security Holder Reference Number

TFN Tax File Number (AUS)

UIC User Identification Code (interchangeable with PID)



2. Introduction

This Business and Technical Overview sets out draft specifications for new CHESS features which includes the enhancements in section 2.1 below. These enhancements will not be introduced into production until Q2 2016 but will be made available in the CHESS test environment from Q4 2015 to enable stakeholders to view and commence their own development.

2.1. Inclusions

Includes the introduction of changes to some of the Clearing House Electronic Sub-System (CHESS) messaging process flows and new messages, together with changes to the relevant ASX Settlement Pty Ltd (ASX Settlement) Operating Rules.

The changes relate to the introduction of a number of mFund related enhancements following the introduction of the mFund Settlement Service in May, 2014:

The introduction of a mFund message suite to facilitate the amendment of a distribution reinvestment (DRP) elections to a Registry.

The introduction of a mFund message suite to facilitate the set-up and amendment of a regular payment plan (RPP) to a Registry. This function will not be activated through CHESS Release 9.

The inclusion of Income Statement selection functionality whereby a mFund accredited Participant may request both a Periodic or Annual Income Statement on behalf of their client. Periodic may be selected as an on-demand request or a standing request. Annual may only be on-demand.

A functional and structural change to the existing mFund Distribution Statement functionality to now offer Periodic Income Statement functionality. Selection of a Periodic Income Statement is via the aforementioned Income Statement Selection function.

The inclusion of an Annual Income Statement message suite within mFund that fully meets ATO Tax Statement specifications. Selection of an Annual Income Statement is via the aforementioned Income Statement Selection function. Refer to Appendix 3: Annual Income Statement Components for details.

Refer 5. Technical Details for detailed specifications.

Refer Appendix 1: Field Definitions for new and modified CHESS field definitions.



3. Scope of Inclusions

The scope of CHESS enhancements are:

Enhancement Benefits Impact

1 Allow a Sponsoring Participant to submit distribution election preferences (to/from cash-DRP) for a client’s mFund holding with the registry. The registry will either accept and process the request or reject it.

Sponsoring Participants will be able to provide a more complete service to their clients.

Mandatory for: mFund ASX Clearing & Settlement Participants (brokers), mFund PISPs, mFund Registries.

2 Allow a Sponsoring Participant to set-up or amend a regular payment plan with the registry. The registry will either accept and process the request or reject it.

Sponsoring Participants will be able to provide a more complete service to their clients.

This function will not be activated through CHESS Release 9.

3 The introduction of new functionality to all a Participant to select either a Periodic Income Statement or an Annual Income Statement from a Registry.

Will enable an accredited mFund Settlement Participant to control this process on behalf of their clients. A Periodic Income Statement may be selected as an on-demand report or as a regular standing report. and an Annual Income Statement may be selected as an on-demand report only.


4 A functional and structural change to the existing mFund Distribution Statement functionality to now offer Periodic Income Statement functionality. Selection of a Periodic Income Statement is via the aforementioned Income Statement Selection function.

Will enable an accredited mFund Settlement Participant to control this process on behalf of their clients.


5 The introduction of functionality to allow a Participant to request an ATO compliant Annual Income Distribution Statement from a Registry on behalf of a holder (HIN).

Enables accredited mFund Settlement Participants to request, on behalf of their client, a fully ATO compliant Annual Income Statement from a Registry.




3.1. Testing

To facilitate stakeholder readiness for the changes, the CHESS Release Test Environment (RTE) will be made available in Q4 2015. The exact date/s and scope of testing will be communicated separately soon.

Mandatory and Conditional Mandatory data changes will require CHESS Accreditation. Accreditation completion times and information will be communicated closer to the time. Users can choose to be Accredited for optional messages.

Impacted parties are required to have their CHESS Interface (‘system’) accredited for the processing of the new and modified messages.

3.2. Implementation Date

The mFund enhancements are expected to be effective in Q2 2016. The date will be confirmed in the near future.

3.3. Parties Impacted by this Change

ASX mFund Participants (brokers), mFund Registries, PISPs and CHESS ISVs.

3.4. Next Steps

Parties impacted by this change should use the information in this document to carry out analysis and assessment of changes required within their systems and processes. Further technical details, for example rejection reasons, will be confirmed prior to the commencement of user acceptance testing.

An RTE schedule with dates will be communicated in the near future.

3.5. Contacting ASX

For information regarding these new mFund features please contact:

Chan Arambewela – Product Development Manager, Listings and Issuer Services

T: 61 2 9227 0627

E: [email protected]

Steven Ball – Senior Operations Analyst

T: 61 2 9227 0820

E: [email protected]

mailto:[email protected]

mailto:[email protected]



4. Overview of CHESS Enhancements

4.1. Distribution Election

Impacted Parties ASX Clearing and Settlement Participant, Registry, PISP, CHESS ISV

What is the Proposal?

The proposal is that a sponsoring Participant is able to maintain an investor’s distribution election preferences via a dedicated CHESS message suite.

Functionality to allow a sponsoring Participant to set-up and maintain an investor’s RPP preferences has been developed, but will not be activated through CHESS Release 9.

Description Provides ASX Clearing and Settlement Participants with an ability to elect/amend disribution election preferences with the appropriate Registry.

Where the Holder DRP Preference value is ‘N’ (no) and the investor chooses not to use their Primary Bank Account details, then they may enter specific Bank Account details via this function. Note: Initial entry of DISTRIBUTION preferences will remain within the MT726 Application request message.

As Regular Payment Plan (RPP) functionality is not currently available, the Holder RPP Preference value must only include a space; for any other value CHESS will return an error.

Impact Status ASX Clearing and Settlement Participant , Registry, PISP CHESS ISV.

Likely Impact Considerations

Consideration needs to be given to the following

Ensure internal and external workflows/systems can process distribution elections for an investor.

ASX CHESS PC – ASX CHESS ACCESS

Will be upgraded for all new and modified CHESS messaging.

ASX Documentation

The ASX Settlement Operating Rules, the CHESS External Interface Specification (EIS) and the ASX Settlement Procedure Guidelines (APG) will be updated.

New CHESS Messages

MT860 Rejected Registry Authorisation

MT863 Distribution Election Request

MT864 Distribution Election Authorisation Request

MT865 Distribution Election Registry Authorisation

MT866 Accepted Distribution Election Request

MT867 Distribution Election Registry Rejection



Modified CHESS Messages

MT762 Effected Registry Transaction


Refer Appendix 1: Field Definitions for new and modified CHESS field

definitions.



4.2. Income Statement Selection

Impacted Parties mFund accredited ASX Clearing and Settlement Participant, Registry


Currently Statement functionality puts the onus on the Registry to provide unsolicited Income Statement details to the Participant for all holders based on an agreement.

The modification to this process would allow the Participant to request a periodic Income Statement (refer 4.10) or an Annual Income Statement (refer 4.11) for a specific HIN.

Description A Participant may request a periodic Income Statement or an Annual Income Statement. Additionally the Participant may select either to have the statement as an on-demand or as a regular standing report (applies to periodic only). Based on this request, the Registry may accept or reject, and where accepted return Income Statement data.

A regular standing statement (periodic only) may be cancelled.

For an Income Statement, only the latest details will be available.

For an Annual Income Statement, only the latest financial year details will be available.

Impact Status mFund accredited ASX Clearing and Settlement Participant, Registry.

Likely Impact

Considerations


Ensure internal and external workflows/systems can process mFund specific Statement requests.



ASX Documentation


New CHESS Messages

MT869 Income Statement Request

MT868 Income Statement Authorisation Request

MT881 Income Statement Authorisation

MT884 Accepted Income Statement Request

MT907 Income Statement Rejection

MT860 Registry Authorisation Rejection





definitions.



4.3. Periodic Income Statement

Impacted Parties mFund accredited ASX Clearing and Settlement Participant, Registry.


Adjustment of the existing mFund Distribution Statement function allowing the Participant to request a Periodic Income Statement for their client via the Income Statement Selection function.

Description A Participant request for a Periodic Income Statement on behalf of an investor would prompt the Registry to return data.

Periodic Income Statements for periods other than the last completed period will not be available.

The Income Statement Selection function may be used to request an Periodic Income Statement (refer 4.2).




Ensure internal and external workflows/systems can process mFund specific Periodic Income Statement requests.



ASX Documentation



MT813 Income Statement

MT816 Income Statement Advice




definitions.



4.4. Annual Income Statement

Impacted Parties mFund accredited ASX Clearing and Settlement Participant, Registry.


The Participant may request an Annual Income Statement on behalf of an investor.

The Annual Income Statement data will be ATO compliant. As the dataset is large, CHESS will provide a linked suite of messages to convey the data from the PISP to the Participant.

Description A Participant request for an Annual Income Statement on behalf of an investor would prompt the Registry to return data via a linked suite of messages.

Data is provided only in annual form; post end of financial year. Participant requests for Annual Income Statement data will always show results as at end of the last completed financial year. Annual Income Statements for years other than the last completed financial year will not be available.

The Income Statement Selection function may be used to request an Annual Income Statement (refer 4.2).




Ensure internal and external workflows/systems can process mFund specific Annual Income Statement requests.



ASX Documentation


New CHESS Messages

MT957 Registry Income Statement Part A

MT959 Registry Income Statement Part B

MT961 Registry Income Statement Part C AI

MT963 Registry Income Statement Part C CG

MT965 Registry Income Statement Part C FI

MT967 Registry Income Statement Part C NA

MT969 Registry Income Part C OD

MT971 End Registry Income Statement Set

MT958 Accepted Registry Income Statement Set



MT960 Rejected Registry Income Statement Set

MT962 Participant Income Statement Part A

MT964 Participant Income Statement Part B

MT966 Participant Income Statement Part C AI

MT968 Participant Income Statement Part C CG

MT970 Participant Income Statement Part C FI

MT972 Participant Income Statement Part C NA

MT974 Participant Income Statement Part C OD

MT976 End Participant Income Statement Set



definitions.

Refer Appendix 2 ATO Standard Statement

Refer Appendix 3 ATO Annual Income Statement Components



5. Technical Details

This section outlines modifications and additions to CHESS data fields and messaging to complement the business initiatives.

5.1. CHESS Message Impact

5.1.1. New CHESS Messages

MT860 Rejected Registry Authorisation

MT863 Distribution Election Request

MT864 Distribution Election Authorisation Request

MT865 Distribution Election Registry Authorisation

MT866 Accepted Distribution Election Request

MT867 Distribution Election Registry Rejection

MT869 Income Statement Request

MT868 Income Statement Authorisation Request

MT881 Income Statement Authorisation

MT884 Accepted Income Statement Request

MT907 Income Statement Rejection

MT957 Registry Income Statement Part A

MT958 Accepted Registry Income Statement Set

MT959 Registry Income Statement Part B

MT960 Rejected Registry Income Statement Set

MT961 Registry Income Statement Part C AI

MT962 Participant Income Statement Part A

MT963 Registry Income Statement Part C CG

MT964 Participant Income Statement Part B

MT965 Registry Income Statement Part C FI

MT966 Participant Income Statement Part C AI

MT967 Registry Income Statement Part C NA

MT968 Participant Income Statement Part C CG

MT969 Registry Income Statement Part C OD

MT970 Participant Income Statement Part C FI

MT971 End Registry Income Statement Set

MT972 Participant Income Statement Part C NA

MT974 Participant Income Statement Part C OD

MT976 End Participant Income Statement Set

5.1.2. Modified CHESS Messages

MT813 Income Statement

MT816 Income Statement Advice

Please be aware that data for Distribution Elections and for Income Statements is not

generally validated by CHESS. This being the case, there is a reliance

on all parties to ensure that valid data is provided when intiating or responding to requests.

Refer Appendix 1: Field Definitions for new and modified CHESS field definitions.



5.2. Distribution Election

CHESS

000 DRP RPP Election Request (new)

000 Accepted DRP RPP ElectionRequest (new)Participant

Participant Registry000 DRP RPP ElectionAuthorisation (new)

CHESS

863 Distribution Election Request (new)

720 Accepted Participant Request

Followed by either Registry acceptance:

CHESS

866 Accepted Distribution Election Request (new)

Participant

Participant

Participant

864 Distribution Election Authorisation Request

(new)

865 Dristribution Election RegistryAuthorisation (new)

762 Effected Registry Transaction

Or Registry rejection:

CHESS

860 Rejected Registry Authorisation

(new)Participant


Registry

Registry

Registry

Registry

Registry

867 Distribution Election RegistryRejection (new)

The following tables show valid distribution election preference combinations (refer to Appendix 1: CHESS Field Definitions for field values), all other combinations will be rejected:

Holder DRP Preference DRP Units Participating Bank Details

F

P X X

N X



5.2.1. Rejected Registry Authorisation [860-01]

The purpose of the message is to notify a Participant that a request has been rejected:

Election of Distribution Preferences

Provision of an annual or periodic Income Statement

Sender: CHESS

Recipient: Participant

Transmission Cut off times:

None

Prerequisites:

Receipt of an 867 Distribution Election Registry Rejection

Receipt of a 907 Income Statement Rejection

Bit Position

Field Name Format Mandatory/Optional (M/O)

21 Processing Timestamp 22 Character M

34 Registry Reference 16 Character O

37 Rejected Registry Reason 1 Character M

48 Transaction Id 16 Character M

62 Origin Transaction Id 16 Character M



5.2.2. Distribution Election Request [863-01]

To allow a Participant to request the amendment of an investor’s distribution election preferences.

For mFund securities, the Participant would have indicated an investor’s initial distribution election and bank account details via MT726 Application Request. This function allows this distribution election to be amended.

Where a Holder DRP preference is ‘F’ (Full), no additional details are required.

Where the Holder DRP Preference value is ‘P’ (Partial); DRP Units Participating and the Bank Account details must be populated.

Where a Holder DRP preference is ‘N’ (cash), the Bank Account details must be populated.

As Regular Payment Plan (RPP) functionality is not currently available, Holder RPP Preference value must only include a space; for any other value CHESS will return an error.

Sender: Participant

Recipient: CHESS

Bit Position


1 Bit Map 2 Marker On M

2 Security Code 12 Character M

16 HIN 10 Numeric M

25 Holder DRP Preference 1 Character O

36 Holder RPP Preference 1 Character O




201 BSB Number 7 Character O

203 Account Number 9 Character O

204 Account Name 32 Character O

205 Account Purpose 1 Character O

206 RPP Frequency 1 Character O

231 Current PDS Provided 1 Character M

232 DRP Units Participating 18 Numeric, 6 Decimal O

236 PDS Issue Date 8 Numeric M

237 RPP Amount 15 Numeric, 2 Decimal O

245 APIR Code 9 Character O


None

Prerequisites:

None



5.2.3. Distribution Election Authorisation Request [864-01]

To notify a Registry of a Participant request to amend an investor’s distribution election preferences.

For mFund securities, the Participant would have indicated an investor’s initial distribution election and bank account details via MT726 Application Request. This function allows this distribution election to be amended.

Sender: CHESS

Recipient: Registry

Bit Position




16 HIN 10 Numeric M

19 PID 5 Numeric M


25 Holder DRP Preference 1 Character O

36 Holder RPP Preference 1 Character O





201 BSB Number 7 Character O

203 Account Number 9 Character O

204 Account Name 32 Character O

205 Account Purpose 1 Character O

206 RPP Frequency 1 Character O

231 Current PDS Provided 1 Character M

232 DRP Units Participating 18 Numeric, 6 Decimal O

236 PDS Issue Date 8 Numeric M

237 RPP Amount 15 Numeric, 2 Decimal O



None

Prerequisites:

Receipt of an 863 Distribution Election Request



5.2.4. Distribution Election Registry Authorisation [865-01]

To allow a Registry to accept a Participant request for amendments to an investor’s distribution election preferences.

Sender: Registry

Recipient: CHESS

Bit Position


19 Target UIC 5 Numeric M





None

Prerequisites:

Receipt of an 864 Distribution Election Authorisation Request

5.2.5. Accepted Distribution Election Request [866-01]

To notify a Participant that a request to amend an investor’s distribution election preferences has been accepted by the Registry.

Sender: CHESS


Bit Position







None

Prerequisites:

Receipt of an 865 Distribution Election Registry Authorisation



5.2.6. Distribution Election Registry Rejection [867-01]

To allow a Registry to reject a Participant request for amendments to an investor’s distribution election preferences.

Sender: Registry

Recipient: CHESS

Bit Position








None

Prerequisites:

Receipt of an 864 Distribution Election Registry Authorisation Request

5.2.7. Effected Registry Transaction [762-01]

To notify a registry that a message previously submitted by the Registry has been processed successfully.

Sender: CHESS

Recipient: Registry

Bit Position






None

Prerequisites:

Receipt of a 759 Holding Advice Acceptance; or

Receipt of an 865 Distribution Election Registry Authorisation; or

Receipt of an 867 Distribution Election Registry Rejection



5.3. Income Statement Selection

CHESS Income

Statement Selection

CHESS Annual Income

Statement

CHESS Periodic Income

Statement

The Income Statement selection function enable a Participant, on behalf of an investor to select one of the following statements:

A periodic Income Statement (existing mFund function), only the latest details will be available.

An Annual Income Statement (new mFund function), only the latest End of Year financial details will be available.

The Participant may select a Periodic Income Statement as an on-demand report or as a regular standing report; and may select an Annual Income Statement as an on-demand report only.



CHESS

869 Income Statement Request (new)

720 Accepted Participant Request

Followed by either Registry accepting:

CHESS 884 Accepted IncomeStatement Request (new)

Participant

Participant

Participant

868 Income StatementAuthorisation Request (new)

881 Income Statement Authorisation (new)


Or Registry rejecting:

CHESS 860 Registry Authorisation Rejection

(new)Participant

907 Income Statement Rejection (new)


Registry

Registry

Registry

Registry

Registry

The following table shows the valid combinations for Income Statement requests (refer to Appendix 1: CHESS Field Definitions for field values). All other combinations will be rejected:

Income Statement Report Type

Income Statement Report Frequency

Income Statement Cancellation

A A space

P A or S space

P space Y



5.3.1. Income Statement Request [869-01]

The purpose of the income statement selection request is to enable a Participant, on behalf of an investor, to request either an annual or a periodic income statement or cancel an existing periodic request, from a Registry. One of the following statements may be requested, either:

A periodic Income Statement, only the latest details will be available.

An Annual Income Statement, only the latest End of Year financial details will be available.

The Participant may select an on-demand report or a regular standing report (periodic only). There is a cancellation indicator whereby the Participant may cancel an existing regular standing periodic Income Statement request.

The Participant is advised where the request has been accepted or rejected.

Sender: Participant

Recipient: CHESS

Bit Position




16 HIN 10 Numeric M

22 Income Statement Report Frequency 1 Character O

25 Income Statement Report Type 1 Character M

37 Income Statement Cancellation 1 Character O






None

Prerequisites:

None



5.3.2. Income Statement Authorisation Request [868-01]

To notify a Registry that a Participant has requested an income statement on behalf of an investor. Based on this request, the Registry is expected to accept or reject the request to provide income statement data or the cancellation of an existing regular standing report for a periodic income statement. One of the following statements may be requested, either:

A periodic Income Statement, only the latest details will be available.

An Annual Income Statement, only the latest End of Year financial details will be available.

Additionally the Participant may select an on-demand report or a regular standing report (periodic only).

Sender: CHESS

Recipient: Registry

Bit Position




16 HIN 10 Numeric M

19 PID 5 Numeric M


22 Income Statement Report Frequency 1 Character O

25 Income Statement Report Type 1 Character M

37 Income Statement Cancellation 1 Character O







None

Prerequisites:

Receipt of an 869 Income Statement Request



5.3.3. Income Statement Authorisation [881-01]

To allow a registry accept a Participant request for an Income Statement.

Sender: Registry

Recipient: CHESS

Bit Position







None

Prerequisites:

Receipt of an 868 Income Statement Authorisation Request.

5.3.4. Accepted Income Statement Request [884-01]

To notify a Participant that the Registry has accepted a request for an Income Statement.

Sender: CHESS


Bit Position







None

Prerequisites:

Receipt of an 881 Income Statement Authorisation



5.3.5. Income Statement Rejection [907-01]

To allow a registry to reject a Participant request for an Income Statement.

Sender: Registry

Recipient: CHESS

Bit Position








None

Prerequisites:

Receipt of an 868 Income Statement Authorisation Request.



5.4. Periodic Income Statement

As an existing mFund function (renamed from Distribution Statement), this function allowed a PISP to forward Income Statement details to a Participant by prior arrangement.

Changes will now enable Participants to specifically request Income Statement details by HIN and Fund Code via the new Income Statement Selection function (refer 5.3). The request will be directed to the Registry.

The existing MT813 Distribution Statement has been renamed to MT813 Income Statement.

The existing MT816 Distribution Statement Advice has been renamed to MT816 Income Statement Advice.

Preceded by Income Statement Selection

CHESS

816 Income StatementAdvice

(modified)Participant Registry813 Income Statement

(modified)

Registry762 Effected Registry Transaction



5.4.1. Income Statement [813-01]

To allow a Registry to advise a Participant of periodic Income Statement details in response to an accepted periodic Income Statement request.

Sender: Registry

Recipient: CHESS

Bit Position




3 Gross Income Amount 15 Numeric, 2 Decimal M

11 Income Notification Flag 1 Character M

16 HIN 10 Numeric M

19 PID 5 Numeric M




221 Income Amount Per Unit 11 Numeric, 6 Decimal O

223 Tax Deducted 15 Numeric, 2 Decimal O

224 Nett Amount 15 Numeric, 2 Decimal O

232 Units Participating 18 Numeric, 6 Decimal O

237 Fees 15 Numeric, 2 Decimal O

242 Payment Date 8 Numeric M

244 Record Date 8 Numeric M


250 Tax Credit Amount 15 Numeric, 2 Decimal O


None

Prerequisites:

Receipt of an 884 Accepted Income Statement Request



5.4.1. Income Statement Advice [816-01]

To notify a Participant of periodic Income Statement details in response to an accepted periodic Income Statement request.

Sender: CHESS


Bit Position




3 Gross Income Amount 15 Numeric, 2 Decimal M

11 Income Notification Flag 1 Character M

16 HIN 10 Numeric M






221 Income Amount Per Unit 11 Numeric, 6 Decimal O

223 Tax Deducted 15 Numeric, 2 Decimal O

224 Nett Amount 15 Numeric, 2 Decimal O

232 Units Participating 18 Numeric, 6 Decimal O

237 Fees 15 Numeric, 2 Decimal O

242 Payment Date 8 Numeric M

244 Record Date 8 Numeric M


250 Tax Credit Amount 15 Numeric, 2 Decimal O


None

Prerequisites:

Receipt of an 813 Income Statement



5.5. Annual Income Statement

Preceded by Income Statement Selection

CHESS

Registry 957 Registry Income Statement Part A (new)

or CHESS rejection of the Annual Income Statement message set:

CHESS

Registry

Registry 959 Registry Income Statement Part B (new)

Registry 961 Registry Income Statement Part C AI (new)

Registry 963 Registry Income Statement Part C CG (new)

Registry 965 Registry Income Statement Part C FI (new)

Registry 967 Registry Income Statement Part C NA (new)

Registry 969 Registry Income Statement Part C OD (new)

Followed by CHESS acceptance of the Annual Income Statement message set:

CHESS Registry

Registry 971 End Registry Income Statement Set (new)

Where the Registry has accepted the request:

CHESS

Participant

Participant

Participant

Participant

Participant

Participant

Participant

Participant

962 Participant Income Statement Part A (new)

964 Participant Income Statement Part B (new)

966 Participant Income Statement Part C AI (new)

968 Participant Income Statement Part C CG (new)

970 Participant Income Statement Part C FI (new)

972 Participant Income Statement Part C NA (new)

974 Participant Income Statement Part C OD(new)

976 End Participant Income Statement Set (new)



5.5.1. Registry Income Statement Part A [957-01]

The purpose of this message is for the Registry to forward Annual Income Statement details for a sponsored holder, in response to a Participant request. The details provided align with ‘Part A’ of the ATO Standard Statement data set.

As the ATO Standard Income Statement data set is inclusive of all investors and all financial instruments, some sections may not apply to fund investors. To facilitate movement of data, CHESS will provide a series of messages that mirror the ATO income statement sections. The Total Message Count value in the MT971 will indicate the number of messages transmitted that make up the message set. This value will be used by CHESS to confirm and link the individual Income Statement messages. The Set Transaction Id links the messages.

Sender: Registry

Recipient: CHESS

Bit Position




16 HIN 10 Numeric M

19 PID 5 Numeric M

22 Income Statement Status 1 Character M


49 Set Transaction Id 16 Character M



94 As At Date 8 Numeric M


136 Non Primary Income 14 Numeric, 2 Decimal O

137 Trust Franked Deductions 14 Numeric, 2 Decimal O

165 Franking Credit 14 Numeric, 2 Decimal O

166 TFN Withholding 14 Numeric, 2 Decimal O

181 Annual Capital Gain 14 Numeric, 2 Decimal O


268 Net Capital Gain 14 Numeric, 2 Decimal O

269 Assessable Foreign Income 14 Numeric, 2 Decimal O

270 Other Foreign Income 14 Numeric, 2 Decimal O

271 Foreign Income Tax Offsets 14 Numeric, 2 Decimal O

272 Non Primary Deductions 14 Numeric, 2 Decimal O


None

Prerequisites:




5.5.2. Registry Income Statement Part B [959-01]

The purpose of this message is for the Registry to forward Annual Income Statement details for a sponsored holder, in response to a Participant request. The details provided align with ‘Part B’ of the ATO Standard Statement data set.


Sender: Registry

Recipient: CHESS

Bit Position




16 HIN 10 Numeric M

19 PID 5 Numeric M








136 Capital Gain Discounted 14 Numeric, 2 Decimal O

137 Capital Gain Other 14 Numeric, 2 Decimal O

165 Annual Capital Gain Total 14 Numeric, 2 Decimal O

166 CGT Concession 14 Numeric, 2 Decimal O

181 Tax Deferred 14 Numeric, 2 Decimal O



None

Prerequisites:




5.5.3. Registry Income Statement Part C AI [961-01]

The purpose of this message is for the Registry to forward Annual Income Statement details for a sponsored holder, in response to a Participant request. The details provided align with the ‘Australian Income’ component of Part C of the ATO Standard Statement data set.


Sender: Registry

Recipient: CHESS

Bit Position




16 HIN 10 Numeric M

19 PID 5 Numeric M








136 AI Dividends Franked Amount Cash 14 Numeric, 2 Decimal O

137 AI Dividends Franked Amount Tax 14 Numeric, 2 Decimal O

165 AI Dividends Franked Amount Taxable 14 Numeric, 2 Decimal O

166 AI Dividends Unfranked Amount Cash 14 Numeric, 2 Decimal O

181 AI Dividends Unfranked Amount Taxable 14 Numeric, 2 Decimal O


268 AI Interest Cash 14 Numeric, 2 Decimal O

269 AI Interest Taxable 14 Numeric, 2 Decimal O

270 AI Other Income Cash 14 Numeric, 2 Decimal O

271 AI Other Income Taxable 14 Numeric, 2 Decimal O

272 AI Trust Deductions Cash 14 Numeric, 2 Decimal O

273 AI Trust Deductions Taxable 14 Numeric, 2 Decimal O

274 AI Non Primary Income Cash 14 Numeric, 2 Decimal O

275 AI Non Primary Income Taxable 14 Numeric, 2 Decimal O




None

Prerequisites:


5.5.4. Registry Income Statement Part C CG [963-01]

The purpose of this message is for the Registry to forward Annual Income Statement details for a sponsored holder, in response to a Participant request. The details provided align with the ‘Capital Gains’ component of Part C of the ATO Standard Statement data set.


Sender: Registry

Recipient: CHESS

Bit Position




16 HIN 10 Numeric M

19 PID 5 Numeric M








136 CG Discount Cash 14 Numeric, 2 Decimal O

137 CG Discount Tax 14 Numeric, 2 Decimal O

165 CG Discount Taxable 14 Numeric, 2 Decimal O

166 CG Tax Concession Cash 14 Numeric, 2 Decimal O

181 CG Tax Concession Taxable 14 Numeric, 2 Decimal O


268 CG Other Method Cash 14 Numeric, 2 Decimal O

269 CG Other Method Tax 14 Numeric, 2 Decimal O

270 CG Other Method Taxable 14 Numeric, 2 Decimal O

271 CG Distributed Cash 14 Numeric, 2 Decimal O

272 CG Distributed Tax 14 Numeric, 2 Decimal O

273 CG Distributed Taxable 14 Numeric, 2 Decimal O



Bit Position


274 CG Net 14 Numeric, 2 Decimal O


None

Prerequisites:


5.5.5. Registry Income Statement Part C FI [965-01]

The purpose of this message is for the Registry to forward Annual Income Statement details for a sponsored holder, in response to a Participant request. The details provided align with the ‘Foreign Income’ component of Part C of the ATO Standard Statement data set.


Sender: Registry

Recipient: CHESS

Bit Position




16 HIN 10 Numeric M

19 PID 5 Numeric M








136 FI Assessable Income Cash 14 Numeric, 2 Decimal O

137 FI Assessable Income Tax 14 Numeric, 2 Decimal O

165 FI Assessable Income Taxable 14 Numeric, 2 Decimal O

166 FI Cash Distribution Cash 14 Numeric, 2 Decimal O

181 FI Cash Distribution Tax 14 Numeric, 2 Decimal O


268 FI Cash Distribution Cash Sub-Total

14 Numeric, 2 Decimal O




None

Prerequisites:


5.5.6. Registry Income Statement Part C NA [967-01]

The purpose of this message is for the Registry to forward Annual Income Statement details for a sponsored holder, in response to a Participant request. The details provided align with the ‘Other Non-Assessable Amounts’ component of Part C of the ATO Standard Statement data set.


Sender: Registry

Recipient: CHESS

Bit Position




16 HIN 10 Numeric M

19 PID 5 Numeric M








136 NA Tax Exempted Amounts Cash 14 Numeric, 2 Decimal O

137 NA Tax Deferred Amounts Cash 14 Numeric, 2 Decimal O

165 NA Gross Cash 14 Numeric, 2 Decimal O



None

Prerequisites:




5.5.7. Registry Income Statement Part C OD [969-01]

The purpose of this message is for the Registry to forward Annual Income Statement details for a sponsored holder, in response to a Participant request. The details provided align with the ‘Other Amounts Deducted from Trust’ component of Part C of the ATO Standard Statement data set.


Sender: Registry

Recipient: CHESS

Bit Position




16 HIN 10 Numeric M

19 PID 5 Numeric M








136 OD TFN Amounts Withheld 14 Numeric, 2 Decimal O

137 OD Other Expenses 14 Numeric, 2 Decimal O

165 OD Net Cash 14 Numeric, 2 Decimal O



None

Prerequisites:




5.5.8. End Registry Income Statement Set [971-01]

The purpose of this message is to conclude the Income Statement data set. Total Message Count will indicate the number of messages transmitted that make up the message set. This field will be used by CHESS to confirm and link the individual Income Statement messages.

Sender: Registry

Recipient: CHESS

Bit Position


12 Date 8 Numeric M



57 Total Message Count 11 Numeric M



None

Prerequisites:

Receipt of preceding Registry Income Statement messages linked by Set Transaction Id



5.5.9. Accepted Registry Income Statement Set [958-01]

To notify a Registry request that the submitted Income Statement Set has been accepted.

Sender: CHESS

Recipient: Registry

Bit Position








None

Prerequisites:


5.5.10. Rejected Registry Income Statement Set [960-01]

To notify a Registry request that the submitted Income Statement Set has been rejected.

A Reject reason is provided where the stated number of messages (Total Message Count) in the set is incorrect. Where rejection occurs the entire set must be re-sent.

Sender: CHESS

Recipient: Registry

Bit Position



37 Rejected Income Statement Set Reason

1 Character M






None

Prerequisites:




5.5.11. Participant Income Statement Part A [962-01]

The purpose of this message is to provide the requesting Participant with a statement of an investor’s annual income. The details provided align with Part A of the ATO Standard Income Statement data set.

As the ATO Standard Income Statement data set is inclusive of all investors and all financial instruments, some sections may not apply to fund investors. To facilitate movement of data, CHESS will provide a series of messages that mirror the ATO income statement sections. The Total Message Count value in the MT976 will indicate the number of messages transmitted that make up the message set. This value should be used by the Participant to confirm and link the individual Income Statement messages. The Set Transaction Id links the messages.

Sender: CHESS


Bit Position




16 HIN 10 Numeric M









136 Non Primary Income 14 Numeric, 2 Decimal O

137 Trust Franked Deductions 14 Numeric, 2 Decimal O

165 Franking Credit 14 Numeric, 2 Decimal O

166 TFN Withholding 14 Numeric, 2 Decimal O

181 Annual Capital Gain 14 Numeric, 2 Decimal O


268 Net Capital Gain 14 Numeric, 2 Decimal O

269 Assessable Foreign Income 14 Numeric, 2 Decimal O

270 Other Foreign Income 14 Numeric, 2 Decimal O

271 Foreign Income Tax Offsets 14 Numeric, 2 Decimal O

272 Non Primary Deductions 14 Numeric, 2 Decimal O


None

Prerequisites:

Receipt of a 958 Accepted Registry Income Statement Set



5.5.12. Participant Income Statement Part B [964-01]

The purpose of this message is to provide the requesting Participant with a statement of an investor’s annual income. The details provided align with Part B of the ATO Standard Income Statement data set.


Sender: CHESS


Bit Position




16 HIN 10 Numeric M









136 Capital Gain Discounted 14 Numeric, 2 Decimal O

137 Capital Gain Other 14 Numeric, 2 Decimal O

165 Annual Capital Gain Total 14 Numeric, 2 Decimal O

166 CGT Concession 14 Numeric, 2 Decimal O

181 Tax Deferred 14 Numeric, 2 Decimal O



None

Prerequisites:




5.5.13. Participant Income Statement Part C AI [966-01]

The purpose of this message is to provide the requesting Participant with a statement of an investor’s annual income. The details provided align with the ‘Australian Income’ component of Part C of the ATO Standard Income Statement data set.


Sender: CHESS


Bit Position




16 HIN 10 Numeric M









136 AI Dividends Franked Amount Cash 14 Numeric, 2 Decimal O

137 AI Dividends Franked Amount Tax 14 Numeric, 2 Decimal O

165 AI Dividends Franked Amount Taxable


166 AI Dividends Unfranked Amount Cash 14 Numeric, 2 Decimal O

181 AI Dividends Unfranked Amount Taxable



268 AI Interest Cash 14 Numeric, 2 Decimal O

269 AI Interest Taxable 14 Numeric, 2 Decimal O

270 AI Other Income Cash 14 Numeric, 2 Decimal O

271 AI Other Income Taxable 14 Numeric, 2 Decimal O

272 AI Trust Deductions Cash 14 Numeric, 2 Decimal O

273 AI Trust Deductions Taxable 14 Numeric, 2 Decimal O

274 AI Non Primary Income Cash 14 Numeric, 2 Decimal O

275 AI Non Primary Income Taxable 14 Numeric, 2 Decimal O




None

Prerequisites:


5.5.14. Participant Income Statement Part C CG [968-01]

The purpose of this message is to provide the requesting Participant with a statement of an investor’s annual income. The details provided align with the ‘Capital Gains’ component of Part C of the ATO Standard Income Statement data set.


Sender: CHESS


Bit Position




16 HIN 10 Numeric M









136 CG Discount Cash 14 Numeric, 2 Decimal O

137 CG Discount Tax 14 Numeric, 2 Decimal O

165 CG Discount Taxable 14 Numeric, 2 Decimal O

166 CG Tax Concession Cash 14 Numeric, 2 Decimal O

181 CG Tax Concession Taxable 14 Numeric, 2 Decimal O


268 CG Other Method Cash 14 Numeric, 2 Decimal O

269 CG Other Method Tax 14 Numeric, 2 Decimal O

270 CG Other Method Taxable 14 Numeric, 2 Decimal O

271 CG Distributed Cash 14 Numeric, 2 Decimal O

272 CG Distributed Tax 14 Numeric, 2 Decimal O

273 CG Distributed Taxable 14 Numeric, 2 Decimal O



Bit Position


274 CG Net 14 Numeric, 2 Decimal O


None

Prerequisites:


5.5.15. Participant Income Statement Part C FI [970-01]

The purpose of this message is to provide the requesting Participant with a statement of an investor’s annual income. The details provided align with the ‘Foreign Income’ component of Part C of the ATO Standard Income Statement data set.


Sender: CHESS


Bit Position




16 HIN 10 Numeric M









136 FI Assessable Income Cash 14 Numeric, 2 Decimal O

137 FI Assessable Income Tax 14 Numeric, 2 Decimal O

165 FI Assessable Income Taxable 14 Numeric, 2 Decimal O

166 FI Cash Distribution Cash 14 Numeric, 2 Decimal O

181 FI Cash Distribution Tax 14 Numeric, 2 Decimal O


268 FI Cash Distrubtion Cash Sub-Total





None

Prerequisites:


5.5.16. Participant Income Statement Part C NA [972-01]

The purpose of this message is to provide the requesting Participant with a statement of an investor’s annual income. The details provided align with the ‘Other Non-Assessable Amounts’ component of Part C of the ATO Standard Income Statement data set.


Sender: CHESS


Bit Position




16 HIN 10 Numeric M









136 NA Tax Exempted Amounts Cash


137 NA Tax Deferred Amounts Cash


165 NA Gross Cash 14 Numeric, 2 Decimal O



None

Prerequisites:




5.5.17. Participant Income Statement Part C OD [974-01]

The purpose of this message is to provide the requesting Participant with a statement of an investor’s annual income. The details provided align with the ‘Other Amounts Deducted from Trust’ component of Part C of the ATO Standard Income Statement data set.


Sender: CHESS


Bit Position




16 HIN 10 Numeric M









136 OD TFN Amounts Withheld 14 Numeric, 2 Decimal O

137 OD Other Expenses 14 Numeric, 2 Decimal O

165 OD Net Cash 14 Numeric, 2 Decimal O



None

Prerequisites:




5.5.18. End Participant Income Statement Set [976-01]

The purpose of this message is to conclude the Annual Income Statement data set. Total Message Count must indicate the number of messages transmitted that make up the message set. This field should be used by the Participant to confirm and link the individual Income Statement messages.

Sender: CHESS


Bit Position


12 Date 8 Numeric M







None

Prerequisites:

Receipt of preceding Participant Income Statement messages linked by Set Transaction Id



6. Appendices

6.1. Appendix 1: CHESS Field Definitions

AI Dividends Franked Amount Cash Format 14 Numeric, 2 decimal Definition Australian Income: Total net cash amount for franked dividends. An ATO Tax

Statement value. Allowable Values AI Dividends Franked Amount Tax Format 14 Numeric, 2 decimal Definition Australian Income: Total tax credit for franked dividends. An ATO Tax

Statement value. Allowable Values AI Dividends Franked Amount Taxable Format 14 Numeric, 2 decimal Definition Australian Income: Total taxable amount for franked dividends. An ATO Tax

Statement value. Allowable Values AI Dividends Unfranked Amount Cash Format 14 Numeric, 2 decimal Definition Australian Income: Total net cash amount for unfranked dividends. An ATO

Tax Statement value. Allowable Values AI Dividends Unfranked Amount Taxable Format 14 Numeric, 2 decimal Definition Australian Income: Total taxable amount of unfranked dividends. An ATO Tax

Statement value. Allowable Values AI Interest Cash Format 14 Numeric, 2 decimal Definition Australian Income: Total net cash amount for interest paid. An ATO Tax

Statement value. Allowable Values AI Interest Taxable Format 14 Numeric, 2 decimal Definition Australian Income: Total taxable amount for interest paid. An ATO Tax

Statement value. Allowable Values AI Non Primary Income Cash Format 14 Numeric, 2 decimal Definition Australian Income: Total net cash amount of non-primary income. An ATO

Tax Statement value. Allowable Values



AI Non Primary Income Taxable Format 14 Numeric, 2 decimal Definition Australian Income: Total taxable amount of non-primary income. An ATO Tax

Statement value. Allowable Values AI Other Income Cash Format 14 Numeric, 2 decimal Definition Australian Income: Total net cash amount for other income paid. Australian

Income: Total net cash amount for other income paid. Allowable Values AI Other Income Taxable Format 14 Numeric, 2 decimal Definition Australian Income: Total taxable amount for other income paid. An ATO Tax

Statement value. Allowable Values AI Trust Deductions Cash Format 14 Numeric, 2 decimal Definition Australian Income: Total net cash amount for trust related deductions. An

ATO Tax Statement value. Allowable Values AI Trust Deductions Taxable Format 14 Numeric, 2 decimal Definition Australian Income: Total taxable amount for trust related deductions. An

ATO Tax Statement value. Allowable Values Annual Capital Gain Format 14 Numeric, 2 decimal Definition Total capital gain for the current financial year. An ATO Tax Statement value. Allowable Values Annual Capital Gain Total Format 14 Numeric, 2 decimal Definition Total capital gain for the current financial year. An ATO Tax Statement value. Allowable Values Assessable Foreign Income Format 14 Numeric, 2 decimal Definition Assessable foreign sourced income. An ATO Tax Statement value. Allowable Values Capital Gain Discounted Format 14 Numeric, 2 decimal Definition Total capital gain using a discounted method. An ATO Tax Statement value. Allowable Values



Capital Gain Other Format 14 Numeric, 2 decimal Definition Total capital gain using another method. An ATO Tax Statement value. Allowable Values CG Discount Cash Format 14 Numeric, 2 decimal Definition Capital Gain: Total net cash reductions made to the taxable Australian

property component of capital gain. An ATO Tax Statement value. Allowable Values CG Discount Tax Format 14 Numeric, 2 decimal Definition Capital Gain: Total tax paid or tax offset reductions made to the taxable

Australian property component of capital gain. An ATO Tax Statement value. Allowable Values CG Discount Taxable Format 14 Numeric, 2 decimal Definition Capital Gain: Total taxable reductions made to the taxable Australian

property component of capital gain. An ATO Tax Statement value. Allowable Values CG Distributed Cash Format 14 Numeric, 2 decimal Definition Capital Gain: Total net cash payments made for distributions. An ATO Tax

Statement value. Allowable Values CG Distributed Tax Format 14 Numeric, 2 decimal Definition Capital Gain: Total tax paid or tax offset made for distributions. An ATO Tax

Statement value. Allowable Values CG Distributed Taxable Format 14 Numeric, 2 decimal Definition Capital Gain: Total taxable payments made for distributions. An ATO Tax

Statement value. Allowable Values CG Net Format 14 Numeric, 2 decimal Definition Capital Gain: Total capital gain. An ATO Tax Statement value. Allowable Values



CG Other Method Cash Format 14 Numeric, 2 decimal Definition Capital Gain: Total net cash reductions made to the taxable Australian

property component of capital gain using neither the discount nor the indexation method. An ATO Tax Statement value.

Allowable Values CG Other Method Tax Format 14 Numeric, 2 decimal Definition Capital Gain: Total tax paid or tax offset reductions made to the taxable

Australian property component of capital gain using neither the discount nor the indexation method. An ATO Tax Statement value.

Allowable Values CG Other Method Taxable Format 14 Numeric, 2 decimal Definition Capital Gain: Total taxable reductions made to the taxable Australian

property component of capital gain using neither the discount nor the indexation method. An ATO Tax Statement value.

Allowable Values CG Tax Concession Cash Format 14 Numeric, 2 decimal Definition Capital Gain: Total net cash concessions applicable to the taxable Australian

property component of capital gain. An ATO Tax Statement value. Allowable Values CG Tax Concession Taxable Format 14 Numeric, 2 decimal Definition Capital Gain: Total taxable concessions applicable to the taxable Australian

property component of capital gain. An ATO Tax Statement value. Allowable Values CGT Concession Format 14 Numeric, 2 decimal Definition The amount of CGT (Capital Gains Tax) concession. An ATO Tax Statement

value. Allowable Values FI Assessable Income Cash Format 14 Numeric, 2 decimal Definition Foreign Income: Total net cash amount for foreign sourced income. An ATO

Tax Statement value. Allowable Values FI Assessable Income Tax Format 14 Numeric, 2 decimal Definition Foreign Income: Total tax paid or tax offset for foreign sourced income. An

ATO Tax Statement value. Allowable Values



FI Assessable Income Taxable Format 14 Numeric, 2 decimal Definition Foreign Income: Total taxable amount for foreign sourced income. An ATO

Tax Statement value. Allowable Values FI Cash Distribution Cash Format 14 Numeric, 2 decimal Definition Foreign Income: Total net cash amount for cash distributions. An ATO Tax

Statement value. Allowable Values FI Cash Distribution Cash Sub-Total Format 14 Numeric, 2 decimal Definition Sub-Total: Total net cash amount for Data Reference items (10a, 15a, 19a,

22a). An ATO Tax Statement value. Allowable Values FI Cash Distribution Tax Format 14 Numeric, 2 decimal Definition Foreign Income: Total tax paid or tax offset for cash distributions. An ATO Tax

Statement value. Allowable Values Foreign Income Tax Offsets Format 14 Numeric, 2 decimal Definition Foreign sourced income tax offsets. An ATO Tax Statement value. Allowable Values Franking Credit Format 14 Numeric, 2 decimal Definition Share of franking credit from franked dividends. An ATO Tax Statement

value. Allowable Values Gross Income Amount Format 15 Numeric, 2 decimal Definition The gross dollar value of an income distribution in CHESS. Allowable Values Holder DRP Preference Format 1 Character Definition Investor election for Distribution Reinvestment Plan (DRP). Allowable Values ‘F’ = Full ‘P’ = Partial

‘N’ = No Holder RPP Preference Format 1 Character Definition Investor preference for Regular Payment Plan (RPP). Allowable Values SPACE only



Income Amount per Unit Format 11 Numeric, 6 decimal Definition The amount in cents that will be applied to each unit held by a holder as the

result of an income distribution payment. Allowable Values Income Notification Flag Format 1 Character Definition The state of the Income Statement Advice; whether it is the initial advice or a

subsequent amended advice. Allowable Values ‘I’ = Initial Income Statement ‘A’ = Amendment to an Income Statement Income Statement Cancellation Format 1 Character Definition Allows a regular standing Income Statement Report request, based on the

selected Income Statement Report Type, to be cancelled. Allowable Values ‘Y’ = Yes Space Income Statement Report Frequency Format 1 Character Definition Identifies whether the income statement details are to be provided as an on-

demand report or as a regular standing report. The regular standing option applies to periodic income statements only. Where a regular standing report is nominated, the frequency is dependant on the PISP/registry offering.

Allowable Values ‘A” = On-demand ‘S’ = Standing Income Statement Report Type Format 1 Character Definition Identifies the type of income statement requested. Allowable Values ‘A’ = Annual

‘P” = Periodic

Income Statement Status Format 1 Character Definition Identifies whether the annual income statement details provided are

Provisional or Final. Allowable Values ‘F” = Final ‘P’ = Provisional NA Gross Cash Format 14 Numeric, 2 decimal Definition Gross Total: Total gross cash amount for s. An ATO Tax Statement value. Allowable Values



NA Tax Deferred Amounts Cash Format 14 Numeric, 2 decimal Definition Non Assessable: Total of net cash amount deferred from taxation. An ATO

Tax Statement value. Allowable Values NA Tax Exempted Amounts Cash Format 14 Numeric, 2 decimal Definition Non Assessable: Total of net cash amount exempted from taxation. An ATO

Tax Statement value. Allowable Values Net Capital Gain Format 14 Numeric, 2 decimal Definition Net capital gain for the current financial year. An ATO Tax Statement value. Allowable Values Non Primary Income Format 14 Numeric, 2 decimal Definition Total share of non-primary production income. An ATO Tax Statement value. Allowable Values Non Primary Deductions Format 14 Numeric, 2 decimal Definition Total deductions from non-primary production income. An ATO Tax

Statement value. Allowable Values OD Net Cash Format 14 Numeric, 2 decimal Definition Net Total: Total net cash amount for s. An ATO Tax Statement value. Allowable Values OD Other Expenses Format 14 Numeric, 2 decimal Definition Other Deductions: Total of other net cash expenses incurred by the investor.

An ATO Tax Statement value. Allowable Values OD TFN Amounts Withheld Format 14 Numeric, 2 decimal Definition Other Deductions: Total of net cash amounts withheld against a TFN. An ATO

Tax Statement value. Allowable Values Other Foreign Income Format 14 Numeric, 2 decimal Definition Additional net foreign sourced income. An ATO Tax Statement value. Allowable Values



Rejected Income Statement Set Reason Format 1 Character Definition Identifies the reason CHESS has rejected an Income Statement message set

received from a Registry. ‘A’ = Stated number of messages in the set is incorrect

Rejected Registry Reason Format 1 Character Definition Identifies the reason a Registry has rejected an mFund request. Allowable Values ‘A’ = DRP is not offered for this fund

‘C’ = Partial DRP is not offered ‘F’ = PDS issue date does not reflect the latest PDS ‘G’ = Periodic Income Statements are not offered ‘H’ = Periodic Income Statements are currently not available ‘I’ = Annual Income Statements are currently not available

‘Z’ = Please contact registry directly for further detail

RPP Amount Format 15 Numeric, 2 decimal Definition The RPP amount that an investor wishes to invest in additional units based

on the RPP Frequency. Do not populate. Allowable Values RPP Frequency Format 1 Character Definition Identifies the frequency with which an investor wishes to invest in additional

units. Do not populate. Allowable Values ‘W’ = Weekly

‘M’ = Monthly ‘Q’ = Quarterly

Tax Deferred Format 14 Numeric, 2 decimal Definition The amount of tax deferred. An ATO Tax Statement value. Allowable Values TFN Withholding Format 14 Numeric, 2 decimal Definition Share of credit for TFN amounts withheld from interest, dividends and unit

trust s. An ATO Tax Statement value. Allowable Values Trust Franked Distributions Format 14 Numeric, 2 decimal Definition Total franked distributions from trusts. An ATO Tax Statement value. Allowable Values



6.2. Appendix 2: ATO Standard Statement

The 2014 standard statement (SDS) is the format recommended by the ATO, the Financial Services Council (FSC) and the Australian Custodial Services Association (ACSA) for disclosure by managed funds of tax information to resident individuals for completion of the 2014 tax returns, relevant schedules and other requirements.

The 2014 SDS that appears below shows amounts as examples that we will refer to in the guidance

notes that follow it. Here is the ATO link:

https://www.ato.gov.au/Forms/2014-standard--statement--guidance-notes-for-fund-managers/

Participants are advised to consult the ATO guidance notes in the preparation of an investor’s SDS.

6.2.1. Basic Structure

The basic structure consists of three parts: Part A of the 2014 SDS explains where amounts are shown on the Tax return for individuals (supplementary section) 2014 (NAT 2679). Part B explains the components of a that investors may need to know to work out their net capital gain or capital loss and specifically provides the capital gains tax (CGT) concession amount. It also includes tax-deferred amounts required to adjust the cost base and reduced cost base of their units. For investors with straightforward circumstances the information in parts A and B focusing on specific entries at items 13, 18 and 20 should be sufficient to complete their tax return. Part C allows a reconciliation of the net cash amount distributed to the unit holder and provides information relevant to adjustments to the cost base and reduced cost base. It includes all non-assessable amounts: CGT concession, tax-exempted, tax-free and tax-deferred amounts. The Australian income section of Part C has an alternative presentation that is shown in Attachment 1. It is provided for those funds whose systems are unable to use the preferred presentation in 2014. The preferred presentation has the franked equal to the sum of the franked amount of the dividend plus the franking credit.

https://www.ato.gov.au/Forms/2014-standard-distribution-statement--guidance-notes-for-fund-managers/



6.3. Appendix 3: ATO Annual Income Statement components

ATO Reference

Data Component Size Description

Part A Non Primary Income 14 numeric, 2 decimal Total share of non-primary production income.

Part A Trust Franked Distributions 14 numeric, 2 decimal Total franked distributions from trusts

Part A Non Primary Distribution Deductions 14 numeric, 2 decimal Other deductions relating to non-primary production distributions.

Part A Franking Credit 14 numeric, 2 decimal Share of franking credit from franked dividends.

Part A TFN Withholding 14 numeric, 2 decimal Share of credit for TFN amounts withheld from interest, dividends and unit trust distributions.

Part A Annual Capital Gain 14 numeric, 2 decimal Total capital gain for the current year.

Part A Net Capital Gain 14 numeric, 2 decimal Net capital gain for the current year.

Part A Assessable Foreign Income 14 numeric, 2 decimal Assessable foreign sourced income.

Part A Other Foreign Income 14 numeric, 2 decimal Additional net foreign sourced income.

Part A Foreign Income Tax Offsets 14 numeric, 2 decimal Foreign sourced income tax offsets.

Part B Capital Gain Discounted 14 numeric, 2 decimal Total capital gain using a discounted method.

Part B Capital Gain Other 14 numeric, 2 decimal Total capital gain using another method.

Part B Annual Capital Gain Total 14 numeric, 2 decimal Total capital gain for the current year.

Part B CGT Concession 14 numeric, 2 decimal The amount of CGT (Capital Gains Tax) concession.

Part B Tax Deferred 14 numeric, 2 decimal The amount of tax deferred.

Part C AI Dividends Franked Amount Cash 14 numeric, 2 decimal Australian Income: Total net cash distribution amount for franked dividends.

Part C AI Dividends Franked Amount Tax 14 numeric, 2 decimal Australian Income: Total tax credit for franked dividends.

Part C AI Dividends Franked Amount Taxable 14 numeric, 2 decimal Australian Income: Total taxable amount for franked dividends.

Part C AI Dividends Unfranked Amount Cash 14 numeric, 2 decimal Australian Income: Total net cash distribution amount for unfranked dividends.

Part C AI Dividends Unfranked Amount Taxable 14 numeric, 2 decimal Australian Income: Total taxable amount of unfranked dividends.

Part C AI Interest Cash 14 numeric, 2 decimal Australian Income: Total net cash amount for interest paid.

Part C AI Interest Taxable 14 numeric, 2 decimal Australian Income: Total taxable amount for interest paid.

Part C AI Other Income Cash 14 numeric, 2 decimal Australian Income: Total net cash amount for other income paid.

Part C AI Other Income Taxable 14 numeric, 2 decimal Australian Income: Total taxable amount for other income paid.

Part C AI Trust Deductions Cash 14 numeric, 2 decimal Australian Income: Total net cash amount for trust related deductions.

Part C AI Trust Deductions Taxable 14 numeric, 2 decimal Australian Income: Total taxable amount for trust related deductions.



Part C AI Non Primary Income Cash 14 numeric, 2 decimal Australian Income: Total net cash amount of non-primary income.

Part C AI Non Primary Income Taxable 14 numeric, 2 decimal Australian Income: Total taxable amount of non-primary income.

Part C CG Discount Cash 14 numeric, 2 decimal Capital Gain: Total net cash reductions made to the taxable Australian property component of capital gain.

Part C CG Discount Tax 14 numeric, 2 decimal Capital Gain: Total tax paid or tax offset reductions made to the taxable Australian property component of capital gain.

Part C CG Discount Taxable 14 numeric, 2 decimal Capital Gain: Total taxable reductions made to the taxable Australian property component of capital gain.

Part C CG Tax Concession Cash 14 numeric, 2 decimal Capital Gain: Total net cash concessions applicable to the taxable Australian property component of capital gain.

Part C CG Tax Concession Taxable 14 numeric, 2 decimal Capital Gain: Total taxable concessions applicable to the taxable Australian property component of capital gain.

Part C CG Other Method Cash 14 numeric, 2 decimal Capital Gain: Total net cash reductions made to the taxable Australian property component of capital gain using neither the discount nor the indexation method.

Part C CG Other Method Tax 14 numeric, 2 decimal Capital Gain: Total tax paid or tax offset reductions made to the taxable Australian property component of capital gain using neither the discount nor the indexation method.

Part C CG Other Method Taxable 14 numeric, 2 decimal Capital Gain: Total taxable reductions made to the taxable Australian property component of capital gain using neither the discount nor the indexation method.

Part C CG Distributed Cash 14 numeric, 2 decimal Capital Gain: Total net cash payments made for distributions.

Part C CG Distributed Tax 14 numeric, 2 decimal Capital Gain: Total tax paid or tax offset made for distributions.

Part C CG Distributed Taxable 14 numeric, 2 decimal Capital Gain: Total taxable payments made for distributions.

Part C CG Net 14 numeric, 2 decimal Capital Gain: Total capital gain.

Part C FI Assessable Income Cash 14 numeric, 2 decimal Foreign Income: Total net cash amount for foreign sourced income.

Part C FI Assessable Income Tax 14 numeric, 2 decimal Foreign Income: Total tax paid or tax offset for foreign sourced income.

Part C FI Assessable Income Taxable 14 numeric, 2 decimal Foreign Income: Total taxable amount for foreign sourced income.

Part C FI Cash Distribution Cash 14 numeric, 2 decimal Foreign Income: Total net cash amount for cash distributions.

Part C FI Cash Distribution Tax 14 numeric, 2 decimal Foreign Income: Total tax paid or tax offset for cash distributions.

Part C FI Cash Distribution Cash Sub-Total 14 numeric, 2 decimal Sub-Total: Total net cash amount.

Part C NA Tax Exempted Amounts Cash 14 numeric, 2 decimal Non Assessable: Total of net cash amount exempted from taxation.

Part C NA Tax Deferred Amounts Cash 14 numeric, 2 decimal Non Assessable: Total of net cash amount deferred from taxation.



Part C NA Gross Cash Distribution 14 numeric, 2 decimal Gross Total: Total gross cash amount for distributions.

Part C OD TFN Amounts Withheld 14 numeric, 2 decimal Other Deductions: Total of net cash amounts withheld against a TFN.

Part C OD Other Expenses 14 numeric, 2 decimal Other Deductions: Total of other net cash expenses incurred by the investor.

Part C OD Net Cash Distribution 14 numeric, 2 decimal Net Total: Total net cash amount for distributions.



6.4. Appendix 4: Rejection Reasons

06554 MUST SUPPLY BANK DETAILS WHEN DRP PREFERENCE IS 'P' OR 'N' Updated text

06562 INVALID INCOME NOTIFICATION FLAG New message

06607 REGULAR PAYMENT PLAN AMOUNT MUST BE ZERO New message

06608 REGULAR PAYMENT PLAN FREQUENCY MUST BE A SPACE. New message

06610 HOLDER RPP PREFERENCE MUST BE A SPACE. New message

06611 DRP UNITS CANNOT BE ZERO FOR PARTIAL PARTICIPATION New message

06612 DRP PARTICIPATION UNITS NOT REQUIRED New message

06613 HOLDER DRP PREFERENCE MUST BE ‘N’ OR ‘P’ OR ‘F’ New message

06615 DRP PARTICIPATING UNITS GREATER THAN CURRENT HOLDING New message

06616 ORIGIN TRANS ID NOT SUBMITTED BY TARGET UIC New message

06617 NO DRP PREFERENCE SUPPLIED New message

06618 TARGET UIC UNKNOWN New message

06619 TARGET UIC NOT AUTHORISED New message

06620 REGISTRY DOES NOT OFFER THIS FACILITY New message

06621 SOURCE UIC IS NOT THE REGISTRY FOR THIS SECURITY New message

06639 MESSAGE DETAILS INCONSISTENT THROUGHOUT MESSAGE SET New message

06640 MESSAGE SET ALREADY COMPLETED New message

06641 INVALID COMBINATION OF STATEMENT REQUEST FLAGS New message



6.5. Appendix 5: Sample Data Flow

The object of this data flow is to show the interaction and use of Transaction Ids. Sample data flows for all ‘types’ (‘Type’ meaning a certain data flow that is often replicated in many CHESS functions) of transactions are shown in the CHESS EIS (External Interface Specifrication – Section 6). The flow shown here is a different ‘Type’ from those normally employed through CHESS functions.

Type 52 (Annual Income Statement)

C

R 957. Registry Income Statement Part A Tx Id = 3333300005699000 Origin Tx Id = 1111100032654800 Set Tx Id = 4444400067533300

Note: The Origin Tx Id for all messages within the sets is the TX Id of the requesting

869. Income Statement Request

Note: Preceded by a Participant request, on behalf of the client (HIN) for an Annual Income Statement to be supplied by a Registry.

959. Registry Income Statement Part B Tx Id = 3333300005700000 Origin Tx Id = 1111100032654800 Set Tx Id = 4444400067533300

963. Registry Income Statement Part C CG Tx Id = 3333300005702000 Origin Tx Id = 1111100032654800 Set Tx Id = 4444400067533300

961. Registry Income Statement Part C AI Tx Id = 3333300005701000 Origin Tx Id = 1111100032654800 Set Tx Id = 4444400067533300

965. Registry Income Statement Part C FI Tx Id = 3333300005703000 Origin Tx Id = 1111100032654800 Set Tx Id = 4444400067533300

967. Registry Income Statement Part C NA Tx Id = 3333300005704000 Origin Tx Id = 1111100032654800 Set Tx Id = 4444400067533300

969. Registry Income Statement Part C OD Tx Id = 3333300005705000 Origin Tx Id = 1111100032654800 Set Tx Id = 4444400067533300

R

R

R

R

R

R

R

971. End Registry Income Statement Set Tx Id = 3333300005706000 Origin Tx Id = 1111100032654800 Set Tx Id = 4444400067533300

Validation Note: Be aware that where a set is rejected, the entire set must be resent.

(followed by )



C

R R

958. Accepted Registry Income Statement Set Tx Id = 3333300005707000 Origin Tx Id = 1111100032654800 Set Tx Id = 4444400067533300

960. Rejected Registry Income Statement Set Tx Id = 3333300005708000 Origin Tx Id = 1111100032654800 Set Tx Id = 4444400067533300

C

P 962. Registry Income Statement Part A Tx Id = 3333300005709000 Origin Tx Id = 1111100032654800 Set Tx Id = 5555500067533300

964. Registry Income Statement Part B Tx Id = 3333300005710000 Origin Tx Id = 1111100032654800 Set Tx Id = 5555500067533300

968. Registry Income Statement Part C CG Tx Id = 3333300005712000 Origin Tx Id = 1111100032654800 Set Tx Id = 5555500067533300

966. Registry Income Statement Part C AI Tx Id = 3333300005711000 Origin Tx Id = 1111100032654800 Set Tx Id = 5555500067533300

970. Registry Income Statement Part C FI Tx Id = 3333300005713000 Origin Tx Id = 1111100032654800 Set Tx Id = 5555500067533300

972. Registry Income Statement Part C NA Tx Id = 3333300005714000 Origin Tx Id = 1111100032654800 Set Tx Id = 5555500067533300

976. End Registry Income Statement Set Tx Id = 3333300005716000 Origin Tx Id = 1111100032654800 Set Tx Id = 5555500067533300

P

P

P

P

P

P

974. Registry Income Statement Part C OD Tx Id = 3333300005715000 Origin Tx Id = 1111100032654800 Set Tx Id = 5555500067533300 P

Note: Where accepted:



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This document provides general information only and may be subject to change at any time without notice. ASX Limited (ABN 98 008 624 691) and its related bodies corporate (“ASX”) makes no representation or warranty with respect to the accuracy, reliability or completeness of this information. To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way, including by way of negligence, from or in connection with any information provided or omitted, or from anyone acting or refraining to act in reliance on this information. The information in this document is not a substitute for any relevant operating rules, and in the event of any inconsistency between this document and the operating rules, the operating rules prevail to the extent of the inconsistency.

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