Do you invest in shares?

Beware, the Australian Taxation Office is concerned that taxpayers are not disclosing in their tax returns;

1. The correct dividends 2. The correct capital gains, and 3. Corporate actions, for example, corporate reconstructions that result in dividends or shares being allocated to shareholders.

As a result the ATO has a data matching program to ensure taxpayers comply with their taxation obligations. The ATO will continue to acquire details of share transactions from the following sources:
  • Link Market Services Limited;
  • Computershare Limited;
  • Australian Securities Exchange Limited;
  • Boardroom Pty Ltd;
  • Advanced Share Registry Services Pty Ltd;
  • Security Transfer Registrars Pty Ltd; and
  • Automic Registry Services (Automic Pty Ltd).
In addition to obtaining identifying data items (such as names, addresses and holder identity number (HINs)/shareholder registry numbers (SRNs)), the ATO will also obtain transactions information, including:
  • purchase/sale dates and prices;
  • quantities of shares acquired or disposed of;
  • corporate actions affecting shareholders (e.g. corporate reconstructions);
  • transaction codes; and
  • broker identity and direction indicator (buy or sell).
Should you require any information in relation to the above please contact Peter Quinn by submitting an online enquiry or calling us on +61 2 9580 9166 to book an obligation free appointment. The information in this document does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. It is important that your personal circumstances are taken into account before making any financial decision and it is recommended that you seek assistance from your financial adviser.