Note
Please note that BGL does not provide accounting or tax advice. This article aims to give a possible way of manually processing the in-specie distribution of units in MAAT (non-cash) 1st Distribution as of 10 June 2021, since it is not available to be processed via the Corporate Action Screen.
Summary of Taxation Consequences: https://monashinvestors.com/wp-content/uploads/2021/06/FAQ-MAAT-and-MA1-Final.pdf
Overview
The in-specie distribution as of 10 June 2021 is summarised below:
Example:
An SMSF holds 42,930 units of MA1 entitled to the distribution
Instructions
| From the Main Toolbar, go to Accounting. |
 |
| Select Transaction List. |  |
From the Transaction List, click New Transaction | Journal
| Date: 10/06/2021 | ||
| Debit/Credit | Account | Amount |
| DR | 74700/MAAT.AX (may need to create a new investment) | 42930 Units * 1.006.20 = $43,196.17 |
| CR | 77600/MA1.AX |
42930* 0.9235 = $39,645.86 To reflect the return of capital, note units will be 0 |
| CR | 23900/MA1.AX |
42930* 0.0827 = $3,550.31 To reflect the non-cash dividend components, select more details to make sure it is fully franked |
