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Legal Accounting 3
SECTION 7.2.1.5
– INVESTOR TYPES MENU
The Investor Types master-file contains a list of
Investor codes as proscribed by the Australian Taxation Office, corresponding to
the categories of investors. The file normally does not need to be changed or
added to unless the ATO changes its tables. Also the descriptions correspond to
those in the ATO literature. This menu also allows you to insert related
special information such as withholding tax rates.
This menu is only relevant if you are using the
Mortgage and/or Securities function of T.L.A.
The INVESTOR TYPES MENU is accessed as item 5 from the CLIENT/TRUST TABLE MAINTENANCE MENU. On
selecting this function, the following will be displayed:
To
return to the CLIENT/TRUST TABLES
MAINTENANCE MENU, press <ESC>.
Fields
available on the INVESTOR TYPES file.
Name Comments
INVESTOR TYPE This is a single character alphanumeric field. The
types are those defined by the ATO. There are also special codes, which need to
be defined, but have no definition in the ATO files, eg Aged Pensioners are
assigned a code of 444444441. In T.L.A. the Investor
Code is 1 and is automatically
expanded to the full code on reports.
DESCRIPTION This is the description of the type. Normally
special codes (eg type 1) have the translation value
(eg 444444441) included to help you when
assigning a code to a file.
NON-RESIDENT WITHHOLDING
TAX Only non-resident codes need to have a value
here. This value is used in Mortgage and Securities reports and in Mortgage
Transfers.
LAST MODIFIED This stores the time and date of the last time the record was
modified.
