Example 1 - Deemed Segregation

Summary

  • Member One commenced a pension on 8 February 2018 - fund becomes deemed segregated
  • Both members make a pension payment
  • Member One then make a contribution - fund becomes unsegregated again

Details

Fund name: Deemed Segregation Test fund

Members:

  • Name: John Lennon, DOB: 01/01/1940
  • Name: Paul McCartney, DOB: 01/01/1941

Transactions

Member1 Account Balances Member2 Account Balances
Description Date Member 1 Amount Member 2 Amount Accumulation Retirement phase unsegregated Retirement phase segregated Accumulation Retirement phase unsegregated Retirement phase segregated Income
Accumulation balance at 1 July 01/07/2017 500000 500000
Retirement phase unsegregated at 1 July 800000 800000
Retirement phase segregated at 1 July
Transfer - Member One pension commencement 08/02/2018 500000 500000 810000 M2 + 10000
Transaction - Member One gross pension payment 10/05/2018 20000 480000
Transaction- Member Two gross pension payment 12/05/2018 70000 480000 774322 M2 + 34322 income
Transaction - Member One non-concessional contribution 01/06/2018 100000 100000 750000 M1 + 5000 income & M2 - 24322 income

JSON request data

Download example JSON file here: Example1DeemedSegregation.json

{
  "Comments": "This is the Deemed Segregation Scenario",
  "Username": "admin@smith.com",
  "SourceRef": "xyz.fund456.cert-2018",
  "SoftwareProvider": "XYZAdminSoftware",
  "Client": {
    "FirstName": "John",
    "LastName": "Smith",
    "CompanyName": "XYZ Accounting Pty Ltd",
    "ABN": "97676767373",
    "PostalAddress1": "Level 5",
    "PostalAddress2": "1 George St",
    "Town": "Hobart",
    "State": "TAS",
    "PostCode": "7000",
    "PhoneAreaCode": "03",
    "PhoneNumber": "62878797",
    "EmailPrimary": "john@smith.com",
    "EmailSecondary": null,
    "SourceRef": null
  },
  "Fund": {
    "Name": "Deemed Segregation Test Fund",
    "ABN": "54807715425",
    "FinancialYear": "2017/2018",
    "CommencementDate": null,
    "WindUpDate": null,
    "HasElectedSegregatedAssets": false,
    "IsEligibleToUseSegregation": true,
    "HasNonArmsLengthIncome": false,
    "HasDefinedBenefitPension": false,
    "TotalAssetsAt1July": 1300000.00,
    "ClosingFundBalance": 1335000.00,
    "TrusteeType": "Corporate",
    "CorporateTrustee": {
      "Name": "ACCESS TESTING PTY LTD",
      "ABNACN": "80638816205"
    },
    "SourceRef": "xyz.fund123",
    "FullySegregatedPeriods": [
      {
        "StartDate": "2018-02-08T00:00:00",
        "EndDate": "2018-05-31T00:00:00"
      }
    ],
    "Persons": [
      {
        "FirstName": "John",
        "MiddleNames": "",
        "LastName": "Lennon",
        "DateOfBirth": "1942-10-09T00:00:00",
        "JoinDate": null,
        "ExitDate": null,
        "ExitReason": null,
        "IsTrusteeOrDirector": true,
        "IsMember": true,
        "Accounts": [
          {
            "AccountRef": "Lennon1",
            "AccountType": "Accumulation",
            "OpeningBalanceAt1July": 500000.00,
            "ClosingBalanceAt30June": 100000.00,
            "SourceRef": "abc123"
          },
          {
            "AccountRef": "Lennon2",
            "AccountType": "RetirementPhaseUnsegregated",
            "OpeningBalanceAt1July": 0.00,
            "ClosingBalanceAt30June": 485000.00,
            "SourceRef": "abc456"
          },
          {
            "AccountRef": "Lennon3",
            "AccountType": "RetirementPhaseSegregated",
            "OpeningBalanceAt1July": 0.00,
            "ClosingBalanceAt30June": 0.00,
            "SourceRef": "abc789"
          }
        ],
        "SourceRef": "JLennon001"
      },
      {
        "FirstName": "Paul",
        "MiddleNames": "",
        "LastName": "McCartney",
        "DateOfBirth": "1942-06-18T00:00:00",
        "JoinDate": null,
        "ExitDate": null,
        "ExitReason": null,
        "IsTrusteeOrDirector": true,
        "IsMember": true,
        "Accounts": [
          {
            "AccountRef": "McCartney1",
            "AccountType": "RetirementPhaseUnsegregated",
            "OpeningBalanceAt1July": 800000.00,
            "ClosingBalanceAt30June": 750000.00,
            "SourceRef": "def123"
          },
          {
            "AccountRef": "McCartney2",
            "AccountType": "RetirementPhaseSegregated",
            "OpeningBalanceAt1July": 0.00,
            "ClosingBalanceAt30June": 0.00,
            "SourceRef": "def456"
          }
        ],
        "SourceRef": "PMcCartney001"
      }
    ],
    "ReserveAccount": null,
    "InternalTransactions": [
      {
        "Date": "2018-02-08T00:00:00",
        "TransactionType": "PensionCommencement",
        "Amount": 500000.00,
        "AmountLeftOver": 0.0,
        "AmountLeftOverAtEndOfDay": 0.0,
        "FromAccountRef": "Lennon1",
        "ToAccountRef": "Lennon2",
        "SourceRef": "142536"
      },
      {
        "Date": "2018-02-08T00:00:00",
        "TransactionType": "AssetSegregation",
        "Amount": 500000.00,
        "AmountLeftOver": 0.0,
        "AmountLeftOverAtEndOfDay": 0.0,
        "FromAccountRef": "Lennon2",
        "ToAccountRef": "Lennon3",
        "SourceRef": "165748"
      },
      {
        "Date": "2018-02-08T00:00:00",
        "TransactionType": "AssetSegregation",
        "Amount": 810000.00,
        "AmountLeftOver": 0.0,
        "AmountLeftOverAtEndOfDay": 0.0,
        "FromAccountRef": "McCartney1",
        "ToAccountRef": "McCartney2",
        "SourceRef": "085069"
      },
      {
        "Date": "2018-06-01T00:00:00",
        "TransactionType": "AssetUnsegregation",
        "Amount": 485000.00,
        "AmountLeftOver": 0.0,
        "AmountLeftOverAtEndOfDay": 0.0,
        "FromAccountRef": "Lennon3",
        "ToAccountRef": "Lennon2",
        "SourceRef": "689403"
      },
      {
        "Date": "2018-06-01T00:00:00",
        "TransactionType": "AssetUnsegregation",
        "Amount": 750000.00,
        "AmountLeftOver": 0.0,
        "AmountLeftOverAtEndOfDay": 0.0,
        "FromAccountRef": "McCartney2",
        "ToAccountRef": "McCartney1",
        "SourceRef": "164938"
      }
    ],
    "ExternalTransactions": [
      {
        "Date": "2018-05-10T00:00:00",
        "TransactionType": "GrossPensionPaymentInclPAYG",
        "Amount": 20000.00,
        "IsAccountEmpty": false,
        "AccountRef": "Lennon3",
        "SourceRef": "338596"
      },
      {
        "Date": "2018-05-12T00:00:00",
        "TransactionType": "GrossPensionPaymentInclPAYG",
        "Amount": 70000.00,
        "IsAccountEmpty": false,
        "AccountRef": "McCartney2",
        "SourceRef": "290909"
      },
      {
        "Date": "2018-06-01T00:00:00",
        "TransactionType": "NonConcessionalContribution",
        "Amount": 100000.00,
        "IsAccountEmpty": false,
        "AccountRef": "Lennon1",
        "SourceRef": "004958"
      }
    ]
  }
}

XML request data

Download example XML file here: Example1DeemedSegregation.xml

<?xml version="1.0" encoding="utf-8"?>
<ActuarialCertificateRequest xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema">
  <Comments>This is the Deemed Segregation Scenario</Comments>
  <Username>admin@smith.com</Username>
  <SourceRef>xyz.fund456.cert-2018</SourceRef>
  <SoftwareProvider>XYZAdminSoftware</SoftwareProvider>
  <Client>
    <FirstName>John</FirstName>
    <LastName>Smith</LastName>
    <CompanyName>XYZ Accounting Pty Ltd</CompanyName>
    <ABN>97676767373</ABN>
    <PostalAddress1>Level 5</PostalAddress1>
    <PostalAddress2>1 George St</PostalAddress2>
    <Town>Hobart</Town>
    <State>TAS</State>
    <PostCode>7000</PostCode>
    <PhoneAreaCode>03</PhoneAreaCode>
    <PhoneNumber>62878797</PhoneNumber>
    <EmailPrimary>john@smith.com</EmailPrimary>
  </Client>
  <Fund>
    <Name>Deemed Segregation Test Fund</Name>
    <ABN>54807715425</ABN>
    <FinancialYear>2017/2018</FinancialYear>
    <CommencementDate xsi:nil="true" />
    <WindUpDate xsi:nil="true" />
    <HasElectedSegregatedAssets>false</HasElectedSegregatedAssets>
    <IsEligibleToUseSegregation>true</IsEligibleToUseSegregation>
    <HasNonArmsLengthIncome>false</HasNonArmsLengthIncome>
    <HasDefinedBenefitPension>false</HasDefinedBenefitPension>
    <TotalAssetsAt1July>1300000.00</TotalAssetsAt1July>
    <ClosingFundBalance>1335000.00</ClosingFundBalance>
    <TrusteeType>Corporate</TrusteeType>
    <CorporateTrustee>
      <Name>ACCESS TESTING PTY LTD</Name>
      <ABNACN>80638816205</ABNACN>
    </CorporateTrustee>
    <SourceRef>xyz.fund123</SourceRef>
    <FullySegregatedPeriods>
      <FullySegregatedPeriod>
        <StartDate>2018-02-08T00:00:00</StartDate>
        <EndDate>2018-05-31T00:00:00</EndDate>
      </FullySegregatedPeriod>
    </FullySegregatedPeriods>
    <Persons>
      <Person>
        <FirstName>John</FirstName>
        <MiddleNames />
        <LastName>Lennon</LastName>
        <DateOfBirth>1942-10-09T00:00:00</DateOfBirth>
        <JoinDate xsi:nil="true" />
        <ExitDate xsi:nil="true" />
        <ExitReason xsi:nil="true" />
        <IsTrusteeOrDirector>true</IsTrusteeOrDirector>
        <IsMember>true</IsMember>
        <Accounts>
          <Account>
            <AccountRef>Lennon1</AccountRef>
            <AccountType>Accumulation</AccountType>
            <OpeningBalanceAt1July>500000.00</OpeningBalanceAt1July>
            <ClosingBalanceAt30June>100000.00</ClosingBalanceAt30June>
            <SourceRef>abc123</SourceRef>
          </Account>
          <Account>
            <AccountRef>Lennon2</AccountRef>
            <AccountType>RetirementPhaseUnsegregated</AccountType>
            <OpeningBalanceAt1July>0.00</OpeningBalanceAt1July>
            <ClosingBalanceAt30June>485000.00</ClosingBalanceAt30June>
            <SourceRef>abc456</SourceRef>
          </Account>
          <Account>
            <AccountRef>Lennon3</AccountRef>
            <AccountType>RetirementPhaseSegregated</AccountType>
            <OpeningBalanceAt1July>0.00</OpeningBalanceAt1July>
            <ClosingBalanceAt30June>0.00</ClosingBalanceAt30June>
            <SourceRef>abc789</SourceRef>
          </Account>
        </Accounts>
        <SourceRef>JLennon001</SourceRef>
      </Person>
      <Person>
        <FirstName>Paul</FirstName>
        <MiddleNames />
        <LastName>McCartney</LastName>
        <DateOfBirth>1942-06-18T00:00:00</DateOfBirth>
        <JoinDate xsi:nil="true" />
        <ExitDate xsi:nil="true" />
        <ExitReason xsi:nil="true" />
        <IsTrusteeOrDirector>true</IsTrusteeOrDirector>
        <IsMember>true</IsMember>
        <Accounts>
          <Account>
            <AccountRef>McCartney1</AccountRef>
            <AccountType>RetirementPhaseUnsegregated</AccountType>
            <OpeningBalanceAt1July>800000.00</OpeningBalanceAt1July>
            <ClosingBalanceAt30June>750000.00</ClosingBalanceAt30June>
            <SourceRef>def123</SourceRef>
          </Account>
          <Account>
            <AccountRef>McCartney2</AccountRef>
            <AccountType>RetirementPhaseSegregated</AccountType>
            <OpeningBalanceAt1July>0.00</OpeningBalanceAt1July>
            <ClosingBalanceAt30June>0.00</ClosingBalanceAt30June>
            <SourceRef>def456</SourceRef>
          </Account>
        </Accounts>
        <SourceRef>PMcCartney001</SourceRef>
      </Person>
    </Persons>
    <InternalTransactions>
      <InternalTransaction>
        <Date>2018-02-08T00:00:00</Date>
        <TransactionType>PensionCommencement</TransactionType>
        <Amount>500000.00</Amount>
        <AmountLeftOver>0</AmountLeftOver>
        <AmountLeftOverAtEndOfDay>0</AmountLeftOverAtEndOfDay>
        <FromAccountRef>Lennon1</FromAccountRef>
        <ToAccountRef>Lennon2</ToAccountRef>
        <SourceRef>142536</SourceRef>
      </InternalTransaction>
      <InternalTransaction>
        <Date>2018-02-08T00:00:00</Date>
        <TransactionType>AssetSegregation</TransactionType>
        <Amount>500000.00</Amount>
        <AmountLeftOver>0</AmountLeftOver>
        <AmountLeftOverAtEndOfDay>0</AmountLeftOverAtEndOfDay>
        <FromAccountRef>Lennon2</FromAccountRef>
        <ToAccountRef>Lennon3</ToAccountRef>
        <SourceRef>165748</SourceRef>
      </InternalTransaction>
      <InternalTransaction>
        <Date>2018-02-08T00:00:00</Date>
        <TransactionType>AssetSegregation</TransactionType>
        <Amount>810000.00</Amount>
        <AmountLeftOver>0</AmountLeftOver>
        <AmountLeftOverAtEndOfDay>0</AmountLeftOverAtEndOfDay>
        <FromAccountRef>McCartney1</FromAccountRef>
        <ToAccountRef>McCartney2</ToAccountRef>
        <SourceRef>085069</SourceRef>
      </InternalTransaction>
      <InternalTransaction>
        <Date>2018-06-01T00:00:00</Date>
        <TransactionType>AssetUnsegregation</TransactionType>
        <Amount>485000.00</Amount>
        <AmountLeftOver>0</AmountLeftOver>
        <AmountLeftOverAtEndOfDay>0</AmountLeftOverAtEndOfDay>
        <FromAccountRef>Lennon3</FromAccountRef>
        <ToAccountRef>Lennon2</ToAccountRef>
        <SourceRef>689403</SourceRef>
      </InternalTransaction>
      <InternalTransaction>
        <Date>2018-06-01T00:00:00</Date>
        <TransactionType>AssetUnsegregation</TransactionType>
        <Amount>750000.00</Amount>
        <AmountLeftOver>0</AmountLeftOver>
        <AmountLeftOverAtEndOfDay>0</AmountLeftOverAtEndOfDay>
        <FromAccountRef>McCartney2</FromAccountRef>
        <ToAccountRef>McCartney1</ToAccountRef>
        <SourceRef>164938</SourceRef>
      </InternalTransaction>
    </InternalTransactions>
    <ExternalTransactions>
      <ExternalTransaction>
        <Date>2018-05-10T00:00:00</Date>
        <TransactionType>GrossPensionPaymentInclPAYG</TransactionType>
        <Amount>20000.00</Amount>
        <IsAccountEmpty>false</IsAccountEmpty>
        <AccountRef>Lennon3</AccountRef>
        <SourceRef>338596</SourceRef>
      </ExternalTransaction>
      <ExternalTransaction>
        <Date>2018-05-12T00:00:00</Date>
        <TransactionType>GrossPensionPaymentInclPAYG</TransactionType>
        <Amount>70000.00</Amount>
        <IsAccountEmpty>false</IsAccountEmpty>
        <AccountRef>McCartney2</AccountRef>
        <SourceRef>290909</SourceRef>
      </ExternalTransaction>
      <ExternalTransaction>
        <Date>2018-06-01T00:00:00</Date>
        <TransactionType>NonConcessionalContribution</TransactionType>
        <Amount>100000.00</Amount>
        <IsAccountEmpty>false</IsAccountEmpty>
        <AccountRef>Lennon1</AccountRef>
        <SourceRef>004958</SourceRef>
      </ExternalTransaction>
    </ExternalTransactions>
  </Fund>
</ActuarialCertificateRequest>