Business and Technical Overview mfund Settlement Service Enhancements

Transcription

1 Business and Technical Overview mfund Settlement Service Enhancements RELEASE 9.0 MAY 2016

2 Table of Contents DOCUMENT UPDATE TABLE ACRONYM GLOSSARY INTRODUCTION INCLUSIONS SCOPE OF INCLUSIONS TESTING IMPLEMENTATION DATE PARTIES IMPACTED BY THIS CHANGE NEXT STEPS CONTACTING ASX OVERVIEW OF ENHANCEMENTS DISTRIBUTION ELECTION INCOME STATEMENT SELECTION PERIODIC INCOME STATEMENT ANNUAL INCOME STATEMENT TECHNICAL DETAILS MESSAGE IMPACT New Messages Modified Messages DISTRIBUTION ELECTION Rejected Authorisation [860-01] Distribution Election Request [863-01] Distribution Election Authorisation Request [864-01] Distribution Election Authorisation [865-01] Accepted Distribution Election Request [866-01] Distribution Election Rejection [867-01] Effected Transaction [762-01] INCOME STATEMENT SELECTION Income Statement Request [869-01] Income Statement Authorisation Request [868-01] Income Statement Authorisation [881-01] Accepted Income Statement Request [884-01] Income Statement Rejection [907-01] PERIODIC INCOME STATEMENT Income Statement [813-01] Income Statement Advice [816-01] ANNUAL INCOME STATEMENT Income Statement Part A [957-01] Income Statement Part B [959-01] Income Statement Part C AI [961-01] Income Statement Part C CG [963-01] Income Statement Part C FI [965-01] Income Statement Part C NA [967-01] Income Statement Part C OD [969-01] End Income Statement Set [971-01] Accepted Income Statement Set [958-01] Rejected Income Statement Set [960-01] Income Statement Part A [962-01] Income Statement Part B [964-01] Income Statement Part C AI [966-01] Income Statement Part C CG [968-01] Income Statement Part C FI [970-01] Income Statement Part C NA [972-01] Income Statement Part C OD [974-01]... 47

3 End Income Statement Set [976-01] APPENDICES APPENDIX 1: FIELD DEFINITIONS APPENDIX 2: ATO STANDARD STATEMENT Basic Structure APPENDIX 3: ATO ANNUAL INCOME STATEMENT COMPONENTS APPENDIX 4: REJECTION REASONS APPENDIX 5: SAMPLE DATA FLOW Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 3 of 64

4 Document Update Table Date Version Comment 12 September 2015 V1.7 Initial distribution 20 January 2016 V1.8 Modifications: 27 January 2016 V1.9 Modifications: MT813: PID field shown in 20, modified to 19 MT965: Corrected names for FI fields MT966: AI Dividend Franked Amount Tax field shown in 136, modified to 137 MT969: OD TFN Amounts Withheld and OD Other Expenses fields appear in s 135 and 136, modified to 136 and 137 respectively MT970: Corrected names for FI fields MT971: Corrected 12 Date as 8 Numeric MT976: Corrected 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 MT971: Origin Transaction Id included MT971: Corrected 12 Date as 8 Numeric 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. Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 4 of 64

5 1. Acronym Glossary Acronym AIC AML APG APIR ATO DRP EIS EOD HIN ISV PDS PID PISP RITS RPP SDS SRN TFN UIC Access Identification Code () Anti-money Laundering ASX Settlement Procedure Guidelines Asia Pacific Investment Register Australian Tax Office Clearing House Electronic Sub-Register System Dividend Reinvestment Plan External Interface Specification End of Day Holder Indentication Number Independent Service Vendor Product Disclosure Statement Identifier Product Issuer Settlement Reserve Bank Information & Transfer System Regular Payment Plan Standard Distribution Statement Security Holder Reference Number Tax File Number (AUS) User Identification Code (interchangeable with PID) Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 5 of 64

6 2. Introduction This Business and Technical Overview sets out draft specifications for new features which includes the enhancements in section 2.1 below. These enhancements will not be introduced into production until Q but will be made available in the test environment from Q to enable stakeholders to view and commence their own development Inclusions Includes the introduction of changes to some of the Clearing House Electronic Sub-System () 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. The introduction of a mfund message suite to facilitate the set-up and amendment of a regular payment plan (RPP) to a. This function will not be activated through Release 9. The inclusion of Income Statement selection functionality whereby a mfund accredited 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 s for new and modified field definitions. Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 6 of 64

7 3. Scope of Inclusions The scope of enhancements are: 1 2 Enhancement Benefits Impact Allow a Sponsoring 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. Allow a Sponsoring to set-up or amend a regular payment plan with the registry. Sponsoring s will be able to provide a more complete service to their clients. Sponsoring s will be able to provide a more complete service to their clients. Mandatory for: mfund ASX Clearing & Settlement s (brokers), mfund PISPs, mfund Registries. This function will not be activated through Release 9. The registry will either accept and process the request or reject it. 3 The introduction of new functionality to all a to select either a Periodic Income Statement or an Annual Income Statement from a. 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. 5 The introduction of functionality to allow a to request an ATO compliant Annual Income Distribution Statement from a on behalf of a holder (HIN). Will enable an accredited mfund Settlement to control this process on behalf of their clients. A Periodic Income Statement may be selected as an ondemand report or as a regular standing report. and an Annual Income Statement may be selected as an ondemand report only. Will enable an accredited mfund Settlement to control this process on behalf of their clients. Enables accredited mfund Settlement s to request, on behalf of their client, a fully ATO compliant Annual Income Statement from a. Mandatory for: mfund ASX Clearing & Settlement s (brokers), mfund PISPs, mfund Registries. Mandatory for: mfund ASX Clearing & Settlement s (brokers), mfund PISPs, mfund Registries. Mandatory for: mfund ASX Clearing & Settlement s (brokers), mfund PISPs, mfund Registries. Copyright 2015 ASX Limited ABN All rights reserved 2015 Page 7 of 64

8 3.1. Testing To facilitate stakeholder readiness for the changes, the Release Test Environment (RTE) will be made available in Q The exact date/s and scope of testing will be communicated separately soon. Mandatory and Conditional Mandatory data changes will require 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 Interface ( system ) accredited for the processing of the new and modified messages Implementation Date The mfund enhancements are expected to be effective in Q The date will be confirmed in the near future Parties Impacted by this Change ASX mfund s (brokers), mfund Registries, PISPs and ISVs 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 Contacting ASX For information regarding these new mfund features please contact: Chan Arambewela Product Development Manager, Listings and Issuer Services T: E: chan.arambewela@asx.com.au Steven Ball Senior Operations Analyst T: E: steven.ball@asx.com.au Copyright 2015 ASX Limited ABN All rights reserved 2015 Page 8 of 64

9 4. Overview of Enhancements 4.1. Distribution Election Impacted Parties ASX Clearing and Settlement,, PISP, ISV What is the Proposal? The proposal is that a sponsoring is able to maintain an investor s distribution election preferences via a dedicated message suite. Functionality to allow a sponsoring to set-up and maintain an investor s RPP preferences has been developed, but will not be activated through Release 9. Description Provides ASX Clearing and Settlement s with an ability to elect/amend disribution election preferences with the appropriate. 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 will return an error. Impact Status ASX Clearing and Settlement,, PISP 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 PC ASX ACCESS Will be upgraded for all new and modified messaging. ASX Documentation The ASX Settlement Operating Rules, the External Interface Specification (EIS) and the ASX Settlement Procedure Guidelines (APG) will be updated. New Messages MT860 Rejected Authorisation MT863 Distribution Election Request MT864 Distribution Election Authorisation Request MT865 Distribution Election Authorisation MT866 Accepted Distribution Election Request MT867 Distribution Election Rejection Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 9 of 64

10 Modified Messages MT762 Effected Transaction Refer 5. Technical Details for detailed specifications. Refer Appendix 1: Field s for new and modified field definitions. Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 10 of 64

11 4.2. Income Statement Selection Impacted Parties mfund accredited ASX Clearing and Settlement, What is the Proposal? Description Impact Status Likely Impact Currently Statement functionality puts the onus on the to provide unsolicited Income Statement details to the for all holders based on an agreement. The modification to this process would allow the to request a periodic Income Statement (refer 4.10) or an Annual Income Statement (refer 4.11) for a specific HIN. A may request a periodic Income Statement or an Annual Income Statement. Additionally the 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 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. mfund accredited ASX Clearing and Settlement,. Considerations Consideration needs to be given to the following Ensure internal and external workflows/systems can process mfund specific Statement requests. ASX PC ASX ACCESS Will be upgraded for all new and modified messaging. ASX Documentation The ASX Settlement Operating Rules, the External Interface Specification (EIS) and the ASX Settlement Procedure Guidelines (APG) will be updated. New Messages MT869 Income Statement Request MT868 Income Statement Authorisation Request MT881 Income Statement Authorisation MT884 Accepted Income Statement Request MT907 Income Statement Rejection MT860 Authorisation Rejection Modified Messages MT762 Effected Transaction Refer 5. Technical Details for detailed specifications. Refer Appendix 1: Field s for new and modified field definitions. Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 11 of 64

12 4.3. Periodic Income Statement Impacted Parties mfund accredited ASX Clearing and Settlement,. What is the Proposal? Adjustment of the existing mfund Distribution Statement function allowing the to request a Periodic Income Statement for their client via the Income Statement Selection function. Description A request for a Periodic Income Statement on behalf of an investor would prompt the 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). Impact Status mfund accredited ASX Clearing and Settlement,. Likely Impact Considerations Consideration needs to be given to the following Ensure internal and external workflows/systems can process mfund specific Periodic Income Statement requests. ASX PC ASX ACCESS Will be upgraded for all new and modified messaging. ASX Documentation The ASX Settlement Operating Rules, the External Interface Specification (EIS) and the ASX Settlement Procedure Guidelines (APG) will be updated. Modified Messages MT813 Income Statement MT816 Income Statement Advice MT762 Effected Transaction Refer 5. Technical Details for detailed specifications. Refer Appendix 1: Field s for new and modified field definitions. Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 12 of 64

13 4.4. Annual Income Statement Impacted Parties mfund accredited ASX Clearing and Settlement,. What is the Proposal? The 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, will provide a linked suite of messages to convey the data from the PISP to the. Description A request for an Annual Income Statement on behalf of an investor would prompt the to return data via a linked suite of messages. Data is provided only in annual form; post end of financial year. 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). Impact Status mfund accredited ASX Clearing and Settlement,. Likely Impact Considerations Consideration needs to be given to the following Ensure internal and external workflows/systems can process mfund specific Annual Income Statement requests. ASX PC ASX ACCESS Will be upgraded for all new and modified messaging. ASX Documentation The ASX Settlement Operating Rules, the External Interface Specification (EIS) and the ASX Settlement Procedure Guidelines (APG) will be updated. New Messages MT957 Income Statement Part A MT959 Income Statement Part B MT961 Income Statement Part C AI MT963 Income Statement Part C CG MT965 Income Statement Part C FI MT967 Income Statement Part C NA MT969 Income Part C OD MT971 End Income Statement Set MT958 Accepted Income Statement Set Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 13 of 64

14 MT960 Rejected Income Statement Set MT962 Income Statement Part A MT964 Income Statement Part B MT966 Income Statement Part C AI MT968 Income Statement Part C CG MT970 Income Statement Part C FI MT972 Income Statement Part C NA MT974 Income Statement Part C OD MT976 End Income Statement Set Refer 5. Technical Details for detailed specifications. Refer Appendix 1: Field s for new and modified field definitions. Refer Appendix 2 ATO Standard Statement Refer Appendix 3 ATO Annual Income Statement Components Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 14 of 64

15 5. Technical Details This section outlines modifications and additions to data fields and messaging to complement the business initiatives. Please be aware that data for Distribution Elections and for Income Statements is not generally validated by. 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 s for new and modified field definitions Message Impact New Messages MT860 Rejected Authorisation MT863 Distribution Election Request MT864 Distribution Election Authorisation Request MT865 Distribution Election Authorisation MT866 Accepted Distribution Election Request MT867 Distribution Election Rejection MT869 Income Statement Request MT868 Income Statement Authorisation Request MT881 Income Statement Authorisation MT884 Accepted Income Statement Request MT907 Income Statement Rejection MT957 Income Statement Part A MT958 Accepted Income Statement Set MT959 Income Statement Part B MT960 Rejected Income Statement Set MT961 Income Statement Part C AI MT962 Income Statement Part A MT963 Income Statement Part C CG MT964 Income Statement Part B MT965 Income Statement Part C FI MT966 Income Statement Part C AI MT967 Income Statement Part C NA MT968 Income Statement Part C CG MT969 Income Statement Part C OD MT970 Income Statement Part C FI MT971 End Income Statement Set MT972 Income Statement Part C NA MT974 Income Statement Part C OD MT976 End Income Statement Set Modified Messages MT813 Income Statement MT816 Income Statement Advice Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 15 of 64

16 5.2. Distribution Election 863 Distribution Election Request (new) 000 DRP RPP Election Request 720 Accepted (new) Request 000 Accepted DRP RPP Election Request (new) DRP Distribution RPP Election Election Authorisation Authorisation (new) Request (new) Followed by either acceptance: 866 Accepted Distribution Election Request (new) 865 Dristribution Election Authorisation (new) 762 Effected Transaction Or rejection: 860 Rejected Authorisation (new) 867 Distribution Election Rejection (new) 762 Effected Transaction The following tables show valid distribution election preference combinations (refer to Appendix 1: Field s for field values), all other combinations will be rejected: Holder DRP Preference DRP Units Participating Bank Details F P X X N X Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 16 of 64

17 Rejected Authorisation [860-01] The purpose of the message is to notify a that a request has been rejected: Sender: Election of Distribution Preferences Provision of an annual or periodic Income Statement Recipient: Field Name Mandatory/Optional 21 Processing Timestamp 22 Character M 34 Reference 16 Character O 37 Rejected Reason 1 Character M 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of an 867 Distribution Election Rejection Receipt of a 907 Income Statement Rejection Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 17 of 64

18 Distribution Election Request [863-01] To allow a to request the amendment of an investor s distribution election preferences. For mfund securities, the 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 will return an error. Sender: Recipient: Field Name Mandatory/Optional 1 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 48 Transaction Id 16 Character M 65 Map 3 Marker On M 129 Map 4 Marker On M 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 Transmission Cut off times: Prerequisites: Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 18 of 64

19 Distribution Election Authorisation Request [864-01] To notify a of a request to amend an investor s distribution election preferences. For mfund securities, the 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: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 16 HIN 10 Numeric M 19 PID 5 Numeric M 21 Processing Timestamp 22 Character M 25 Holder DRP Preference 1 Character O 36 Holder RPP Preference 1 Character O 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 129 Map 4 Marker On M 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 Transmission Cut off times: Prerequisites: Receipt of an 863 Distribution Election Request Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 19 of 64

20 Distribution Election Authorisation [865-01] To allow a to accept a request for amendments to an investor s distribution election preferences. Sender: Recipient: Field Name Mandatory/Optional 19 Target UIC 5 Numeric M 34 Reference 16 Character O 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of an 864 Distribution Election Authorisation Request Accepted Distribution Election Request [866-01] To notify a that a request to amend an investor s distribution election preferences has been accepted by the. Sender: Recipient: Field Name Mandatory/Optional 21 Processing Timestamp 22 Character M 34 Reference 16 Character O 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of an 865 Distribution Election Authorisation Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 20 of 64

21 Distribution Election Rejection [867-01] To allow a to reject a request for amendments to an investor s distribution election preferences. Sender: Recipient: Field Name Mandatory/Optional 19 Target UIC 5 Numeric M 34 Reference 16 Character O 37 Rejected Reason 1 Character M 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of an 864 Distribution Election Authorisation Request Effected Transaction [762-01] To notify a registry that a message previously submitted by the has been processed successfully. Sender: Recipient: Field Name Mandatory/Optional 21 Processing Timestamp 22 Character M 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of a 759 Holding Advice Acceptance; or Receipt of an 865 Distribution Election Authorisation; or Receipt of an 867 Distribution Election Rejection Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 21 of 64

22 5.3. Income Statement Selection Income Statement Selection Annual Income Statement Periodic Income Statement The Income Statement selection function enable a, 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 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. Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 22 of 64

23 869 Income Statement Request (new) 720 Accepted Request 868 Income Statement Authorisation Request (new) Followed by either accepting: 881 Income Statement Authorisation (new) 884 Accepted IncomeStatement Request (new) 762 Effected Transaction Or rejecting: 907 Income Statement Rejection (new) 860 Authorisation Rejection (new) 762 Effected Transaction The following table shows the valid combinations for Income Statement requests (refer to Appendix 1: Field s for field values). All other combinations will be rejected: Income Statement Income Statement Income Statement Cancellation Report Type Report Frequency A A space P A or S space P space Y Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 23 of 64

24 Income Statement Request [869-01] The purpose of the income statement selection request is to enable a, on behalf of an investor, to request either an annual or a periodic income statement or cancel an existing periodic request, from a. 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 may select an on-demand report or a regular standing report (periodic only). There is a cancellation indicator whereby the may cancel an existing regular standing periodic Income Statement request. The is advised where the request has been accepted or rejected. Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 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 48 Transaction Id 16 Character M 65 Map 3 Marker On M 129 Map 4 Marker On M 245 APIR Code 9 Character O Transmission Cut off times: Prerequisites: Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 24 of 64

25 Income Statement Authorisation Request [868-01] To notify a that a has requested an income statement on behalf of an investor. Based on this request, the 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 may select an on-demand report or a regular standing report (periodic only). Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 16 HIN 10 Numeric M 19 PID 5 Numeric M 21 Processing Timestamp 22 Character M 22 Income Statement Report Frequency 1 Character O 25 Income Statement Report Type 1 Character M 37 Income Statement Cancellation 1 Character O 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 129 Map 4 Marker On M 245 APIR Code 9 Character O Transmission Cut off times: Prerequisites: Receipt of an 869 Income Statement Request Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 25 of 64

26 Income Statement Authorisation [881-01] To allow a registry accept a request for an Income Statement. Sender: Recipient: Field Name Mandatory/Optional 19 Target UIC 5 Numeric M 34 Reference 16 Character O 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of an 868 Income Statement Authorisation Request Accepted Income Statement Request [884-01] To notify a that the has accepted a request for an Income Statement. Sender: Recipient: Field Name Mandatory/Optional 21 Processing Timestamp 22 Character M 34 Reference 16 Character O 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of an 881 Income Statement Authorisation Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 26 of 64

27 Income Statement Rejection [907-01] To allow a registry to reject a request for an Income Statement. Sender: Recipient: Field Name Mandatory/Optional 19 Target UIC 5 Numeric M 34 Reference 16 Character O 37 Rejected Reason 1 Character M 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of an 868 Income Statement Authorisation Request. Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 27 of 64

28 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 by prior arrangement. Changes will now enable s 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. 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 816 Income Statement Advice (modified) 813 Income Statement (modified) 762 Effected Transaction Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 28 of 64

29 Income Statement [813-01] To allow a to advise a of periodic Income Statement details in response to an accepted periodic Income Statement request. Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 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 48 Transaction Id 16 Character M 65 Map 3 Marker On M 129 Map 4 Marker On 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 245 APIR Code 9 Character O 250 Tax Credit Amount 15 Numeric, 2 Decimal O Transmission Cut off times: Prerequisites: Receipt of an 884 Accepted Income Statement Request Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 29 of 64

30 Income Statement Advice [816-01] To notify a of periodic Income Statement details in response to an accepted periodic Income Statement request. Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 3 Gross Income Amount 15 Numeric, 2 Decimal M 11 Income Notification Flag 1 Character M 16 HIN 10 Numeric M 21 Processing Timestamp 22 Character M 48 Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 129 Map 4 Marker On 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 245 APIR Code 9 Character O 250 Tax Credit Amount 15 Numeric, 2 Decimal O Transmission Cut off times: Prerequisites: Receipt of an 813 Income Statement Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 30 of 64

31 5.5. Annual Income Statement Preceded by Income Statement Selection 957 Income Statement Part A (new) 959 Income Statement Part B (new) 961 Income Statement Part C AI (new) 963 Income Statement Part C CG (new) 965 Income Statement Part C FI (new) 967 Income Statement Part C NA (new) 969 Income Statement Part C OD (new) 971 End Income Statement Set (new) Followed by acceptance of the Annual Income Statement message set: or rejection of the Annual Income Statement message set: Where the has accepted the request: 962 Income Statement Part A (new) 964 Income Statement Part B (new) 966 Income Statement Part C AI (new) 968 Income Statement Part C CG (new) 970 Income Statement Part C FI (new) 972 Income Statement Part C NA (new) 974 Income Statement Part C OD(new) 976 End Income Statement Set (new) Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 31 of 64

32 Income Statement Part A [957-01] The purpose of this message is for the to forward Annual Income Statement details for a sponsored holder, in response to a 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, 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 to confirm and link the individual Income Statement messages. The Set Transaction Id links the messages. Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 16 HIN 10 Numeric M 19 PID 5 Numeric M 22 Income Statement Status 1 Character M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 94 As At Date 8 Numeric M 129 Map 4 Marker On 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 245 APIR Code 9 Character 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 Transmission Cut off times: Prerequisites: Receipt of an 884 Accepted Income Statement Request Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 32 of 64

33 Income Statement Part B [959-01] The purpose of this message is for the to forward Annual Income Statement details for a sponsored holder, in response to a request. The details provided align with Part B 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, 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 to confirm and link the individual Income Statement messages. The Set Transaction Id links the messages. Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 16 HIN 10 Numeric M 19 PID 5 Numeric M 22 Income Statement Status 1 Character M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 94 As At Date 8 Numeric M 129 Map 4 Marker On 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 245 APIR Code 9 Character O Transmission Cut off times: Prerequisites: Receipt of an 884 Accepted Income Statement Request Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 33 of 64

34 Income Statement Part C AI [961-01] The purpose of this message is for the to forward Annual Income Statement details for a sponsored holder, in response to a request. The details provided align with the Australian Income component of Part C 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, 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 to confirm and link the individual Income Statement messages. The Set Transaction Id links the messages. Sender: Recipient: Field Name Mandatory/ Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 16 HIN 10 Numeric M 19 PID 5 Numeric M 22 Income Statement Status 1 Character M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 94 As At Date 8 Numeric M 129 Map 4 Marker On 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 245 APIR Code 9 Character 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 Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 34 of 64

35 Transmission Cut off times: Prerequisites: Receipt of an 884 Accepted Income Statement Request Income Statement Part C CG [963-01] The purpose of this message is for the to forward Annual Income Statement details for a sponsored holder, in response to a request. The details provided align with the Capital Gains component of Part C 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, 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 to confirm and link the individual Income Statement messages. The Set Transaction Id links the messages. Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 16 HIN 10 Numeric M 19 PID 5 Numeric M 22 Income Statement Status 1 Character M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 94 As At Date 8 Numeric M 129 Map 4 Marker On 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 245 APIR Code 9 Character 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 Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 35 of 64

36 Field Name Mandatory/Optional 274 CG Net 14 Numeric, 2 Decimal O Transmission Cut off times: Prerequisites: Receipt of an 884 Accepted Income Statement Request Income Statement Part C FI [965-01] The purpose of this message is for the to forward Annual Income Statement details for a sponsored holder, in response to a request. The details provided align with the Foreign Income component of Part C 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, 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 to confirm and link the individual Income Statement messages. The Set Transaction Id links the messages. Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 16 HIN 10 Numeric M 19 PID 5 Numeric M 22 Income Statement Status 1 Character M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 94 As At Date 8 Numeric M 129 Map 4 Marker On 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 245 APIR Code 9 Character O 268 FI Cash Distribution Cash Sub- Total 14 Numeric, 2 Decimal O Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 36 of 64

37 Transmission Cut off times: Prerequisites: Receipt of an 884 Accepted Income Statement Request Income Statement Part C NA [967-01] The purpose of this message is for the to forward Annual Income Statement details for a sponsored holder, in response to a request. The details provided align with the Other Non-Assessable Amounts component of Part C 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, 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 to confirm and link the individual Income Statement messages. The Set Transaction Id links the messages. Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 16 HIN 10 Numeric M 19 PID 5 Numeric M 22 Income Statement Status 1 Character M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 94 As At Date 8 Numeric M 129 Map 4 Marker On 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 245 APIR Code 9 Character O Transmission Cut off times: Prerequisites: Receipt of an 884 Accepted Income Statement Request Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 37 of 64

38 Income Statement Part C OD [969-01] The purpose of this message is for the to forward Annual Income Statement details for a sponsored holder, in response to a request. The details provided align with the Other Amounts Deducted from Trust component of Part C 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, 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 to confirm and link the individual Income Statement messages. The Set Transaction Id links the messages. Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 16 HIN 10 Numeric M 19 PID 5 Numeric M 22 Income Statement Status 1 Character M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 94 As At Date 8 Numeric M 129 Map 4 Marker On 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 245 APIR Code 9 Character O Transmission Cut off times: Prerequisites: Receipt of an 884 Accepted Income Statement Request Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 38 of 64

39 End 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 to confirm and link the individual Income Statement messages. Sender: Recipient: Field Name Mandatory/Optional 12 Date 8 Numeric M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 57 Total Message Count 11 Numeric M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of preceding Income Statement messages linked by Set Transaction Id Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 39 of 64

40 Accepted Income Statement Set [958-01] To notify a request that the submitted Income Statement Set has been accepted. Sender: Recipient: Field Name Mandatory/Optional 21 Processing Timestamp 22 Character M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 57 Total Message Count 11 Numeric M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of preceding Income Statement messages linked by Set Transaction Id Rejected Income Statement Set [960-01] To notify a 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: Recipient: Field Name Mandatory/Optional 21 Processing Timestamp 22 Character M 37 Rejected Income Statement Set Reason 1 Character M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 57 Total Message Count 11 Numeric M 62 Origin Transaction Id 16 Character M Transmission Cut off times: Prerequisites: Receipt of preceding Income Statement messages linked by Set Transaction Id Copyright 2015 ASX Limited ABN All rights reserved 2015 Page 40 of 64

41 Income Statement Part A [962-01] The purpose of this message is to provide the requesting 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, 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 to confirm and link the individual Income Statement messages. The Set Transaction Id links the messages. Sender: Recipient: Field Name Mandatory/Optional 1 Map 2 Marker On M 2 Security Code 12 Character M 16 HIN 10 Numeric M 21 Processing Timestamp 22 Character M 22 Income Statement Status 1 Character M 48 Transaction Id 16 Character M 49 Set Transaction Id 16 Character M 62 Origin Transaction Id 16 Character M 65 Map 3 Marker On M 94 As At Date 8 Numeric M 129 Map 4 Marker On 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 245 APIR Code 9 Character 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 Transmission Cut off times: Prerequisites: Receipt of a 958 Accepted Income Statement Set Copyright 2016 ASX Limited ABN All rights reserved 2016 Page 41 of 64