View the entire Frequently Asked Questions (FAQs)
What sort of tax information or documents do you provide your clients during tax time each year?
The Annual Investor Statement (AIS) and the Tax Summary are the two documents we prepare and provide to our clients during tax time each year. These documents may help you complete your tax return.
The process
After the end of each financial year on 30 June, the ETF issuers release the 'AMIT Member Annual Tax Statement', where applicable, for each of their ETFs domiciled in Australia, usually in August. Until the ETF issuers release their tax documents for the ETFs included in QuietGrowth Portfolios, we cannot use them as a reference to prepare the Annual Investor Statement and the Tax Summary for clients.
Also, an independent audit of our investment management activity for that financial year will be conducted. After this exercise is complete, usually in September, the Annual Investor Statement, the Tax Summary, and the Independent Auditor's Report will be available to you. At that time, we will email you to let you know the documents are available. You can then download these documents from the QuietGrowth website.
More about the Tax Summary
Providing you with the Tax Summary document is not a legal responsibility of an MDA service. We provide this document to you for your convenience.
Clients can cross-check any ATO pre-filled information regarding their investments against the details mentioned in the Tax Summary.
Disclaimer
QuietGrowth does not provide tax advice and is not a registered tax agent. The Annual Investor Statement and the Tax Summary documents do not constitute personal taxation advice. The Tax Summary does not assess your complete tax position and may not contain all the information needed to complete your tax return. These documents relate to your QuietGrowth account and should be considered together with your other relevant tax records.
The Independent Auditor's Report explains the scope and findings of the audit. The Tax Summary is not covered by that audit.
If you have any questions about your tax situation or the completion of your tax return, we recommend you speak with your tax adviser or accountant.
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