Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 5D.2.02

    The annual information return provided by a licensed trustee company must include the following:

  (a)   for a person mentioned in subparagraphs   5D.2.01(3)(a)(i) and (ii) and (c)(iii):

  (i)   details of income earned on the person's interest in the trust or estate; and

  (ii)   details of expenses in operating the trust or estate in relation to the person's interest in the trust or estate; and

  (iii)   the net value of the person's interest in the trust or estate;

  (b)   for any other person mentioned in subregulation   5D.2.01(3):

  (i)   details of income earned on the trust's assets; and

  (ii)   details of expenses in operating the trust's assets, including remuneration, commission or other benefits received by the trustee company; and

  (iii)   the net value of the trust's assets;

  (c)   if required under the terms of the trust--a copy of the trust's audit report and financial statements for the year.