Annual statements for Investment, Super & Pension accounts are available online for you and your clients.
All investment Wrap account holders will have a Wrap Tax Report made available online at Macquarie.com.au
We generate Tax Reports based on detailed information on individual investments provided by asset managers and share registries.
Wrap Tax Reports are made available as they are completed. The timing of completion of a report is dependent on when we receive the tax information from product issuers. The Product Issuer Schedule will list the expected date the tax information will be provided for securities that we have been notified of by the issuer. The first tranche will generally be made available by the end of July. Generally, more than 90% of tax statements are online by the end of September.
Once your client’s Wrap Tax Report is available online, they’ll receive an email to let them know. For this reason, make sure your client’s email address is kept up to date. We’ll also notify you which of your client’s Wrap Tax Reports are included in a particular tranche release via email.
Account holders that closed their Investment Wrap account prior to end of the financial year will receive their Wrap Tax Report by post as they will no longer have online access.
To download a tax status report that confirms which of your client's Wrap Tax Reports have been released:
Your client's report status will be shown in the account details. Reports that are available will be shown as Final – Tranche. The number shown will indicate which tranche they were released with.
In addition, we also publish a Product Issuer Schedule. This provides the dates of when we expect to receive tax information from the product issuers and may help you to manage any queries you receive from your clients concerning when their Wrap Tax Report is expected to be available.
Most Wrap Tax Reports will be available by the end of September. However, certain assets can cause delays in finalising some reports.
If any of your clients hold one or more of the following securities, they can expect to receive their Wrap Tax Report between October and January:
Please refer to the Product Issuer Schedule for expected dates the tax information to be provided from the product issuers.
Clients listed as non-residents for tax purposes are also expected to receive their Wrap Tax Report between October and January. We’ll advise you of any changes to this timeframe.
We'll also keep you informed of the latest Wrap Tax Reports released by emailing you to confirm which of your clients' tax reports are available.
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.
In accordance with ATO advice, you shouldn’t rely solely on pre-filled information when preparing your income tax return. Clients should always use their Wrap Tax Report.
Pre-filled information may be incomplete because of:
Please refer to our Tax resources and guides for more information.
PAYG summaries are mailed each year in July. We're required by law to send these each year before 14 July.
We send them to any member who:
And for Term Allocated Pension (TAP) members, regardless of their age, where:
We’ll add an update to the adviser portal once these have been mailed to clients.
Personal contribution summaries are generated early August and are expected to be issued to clients via email or mail by mid-August. We’ll email affected advisers before these get sent to clients.
All super Wrap clients who made a personal contribution during the most recent financial year will receive a personal contribution summary.
We report on margin loans in the following manner:
Where an investor has closed out their margin loan and received an interest refund from the margin lender, the amount of interest refunded is disclosed as assessable income on both the Tax Report – Summary and the Tax Report – Detailed.
Where an investor has changed margin lenders throughout the year, we only report the amounts as provided by their margin lender at 30 June. Investors will need to add any other information received from prior margin lenders to the information disclosed on their annual Tax Report – Summary and Tax Report – Detailed.
The above-mentioned treatment doesn’t take into account an investor’s specific circumstances and we recommend that independent taxation advice be sought in relation to the appropriate treatment for tax purposes.
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:
To assist you and SMSF auditors in this process, the Independent Audit Report and Independent Review Report issued at the end of each financial year highlight the effectiveness of our internal controls and ensure the information provided in investor statements contains no material errors.
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 Macquarie Wrap or are 'below the line' assets.
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.
The following reports are issued by KPMG after completion of all tax reports:
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 financial year ending 30 June each year.
For more information about Wrap statements and Tax Reports, please use live chat to speak with an adviser consultant Monday to Friday, 8am to 7pm Sydney time.
Chat in real-time with an adviser consultant Monday to Friday, 8am to 7pm Sydney time (excluding public holidays).
Everyone at Macquarie is commited to providing our clients with the highest standard of products and services available. If you have feedback we would like you to tell us about it.
