25DInvestment income information

1. Investment income information means the items of information listed in schedule 6, table 1 relating to an amount of investment income, that a payer referred to in section 25E must either provide to the Commissioner under this subpart or retain under section 22AAB.

2. The information must be provided for each relevant reporting period rather than on a cumulative basis.

3. If an investment is owned jointly by 2 or more investors, and the payer of the investment income holds the relevant information, the payer must include in their investment income information the information set out in schedule 6, table 1, row 16 in relation to each owner.

4. Subsection (3) does not apply to a payer in relation to a payment to or for joint owners that is received in their capacity as—

5. beneficiaries of a trust:
6. shareholders in a company:
7. partners in a partnership, unless the partnership is not required to file a separate return.

8. Despite subsection (1), if the following items of information have been obtained before 1 April 2018, the requirement to include the item in investment income information provided to the Commissioner applies only when it is held in electronic form:

9. a person’s date of birth:
10. for joint owners, the names, tax file numbers, dates of birth, and contact addresses.