Example 2 - Elected Segregation

Summary

  • Property segregated by Member Two on 4 April 2018 and was worth $600,000
  • Pension payment made for Member Two on 6 June for $50,000

Details

Fund name: Elected 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 Two retirement unseg -> retirement seg 04/04/2018 600000 500000 200000 600000
Transaction - Member Two gross pension payment 06/06/2018 50000 520250 190000 560000 M1 + 20250 income

JSON request data

Download example JSON file here: Example2ElectedSegregation.json

{
  "Comments": "This is the Elected 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": "Elected Segregation Test Fund",
    "ABN": "54807715425",
    "FinancialYear": "2017/2018",
    "CommencementDate": null,
    "WindUpDate": null,
    "HasElectedSegregatedAssets": true,
    "IsEligibleToUseSegregation": true,
    "HasNonArmsLengthIncome": false,
    "HasDefinedBenefitPension": false,
    "TotalAssetsAt1July": 1300000.00,
    "ClosingFundBalance": 1270250.00,
    "TrusteeType": "Individual",
    "CorporateTrustee": null,
    "SourceRef": "xyz.fund456",
    "FullySegregatedPeriods": [ ],
    "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": 520250.00,
            "SourceRef": "xyz123"
          }
        ],
        "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": "RetirementPhaseSegregated",
            "OpeningBalanceAt1July": 0.00,
            "ClosingBalanceAt30June": 560000.00,
            "SourceRef": "zzz001"
          },
          {
            "AccountRef": "McCartney2",
            "AccountType": "RetirementPhaseUnsegregated",
            "OpeningBalanceAt1July": 800000.00,
            "ClosingBalanceAt30June": 190000.00,
            "SourceRef": "zzz002"
          }
        ],
        "SourceRef": "PMcCartney001"
      }
    ],
    "ReserveAccount": null,
    "InternalTransactions": [
      {
        "Date": "2018-04-04T00:00:00",
        "TransactionType": "AssetSegregation",
        "Amount": 600000.00,
        "AmountLeftOver": 200000.00,
        "AmountLeftOverAtEndOfDay": 200000.00,
        "FromAccountRef": "McCartney2",
        "ToAccountRef": "McCartney1",
        "SourceRef": "134254"
      }
    ],
    "ExternalTransactions": [
      {
        "Date": "2018-06-06T00:00:00",
        "TransactionType": "GrossPensionPaymentInclPAYG",
        "Amount": 40000.00,
        "IsAccountEmpty": false,
        "AccountRef": "McCartney1",
        "SourceRef": "906845"
      },
      {
        "Date": "2018-06-06T00:00:00",
        "TransactionType": "GrossPensionPaymentInclPAYG",
        "Amount": 10000.00,
        "IsAccountEmpty": false,
        "AccountRef": "McCartney2",
        "SourceRef": "909067"
      }
    ]
  }
}

XML request data

Download example XML file here: Example2ElectedSegregation.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 Elected 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>Elected Segregation Test Fund</Name>
    <ABN>54807715425</ABN>
    <FinancialYear>2017/2018</FinancialYear>
    <CommencementDate xsi:nil="true" />
    <WindUpDate xsi:nil="true" />
    <HasElectedSegregatedAssets>true</HasElectedSegregatedAssets>
    <IsEligibleToUseSegregation>true</IsEligibleToUseSegregation>
    <HasNonArmsLengthIncome>false</HasNonArmsLengthIncome>
    <HasDefinedBenefitPension>false</HasDefinedBenefitPension>
    <TotalAssetsAt1July>1300000.00</TotalAssetsAt1July>
    <ClosingFundBalance>1270250.00</ClosingFundBalance>
    <TrusteeType>Individual</TrusteeType>
    <SourceRef>xyz.fund456</SourceRef>
    <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>520250.00</ClosingBalanceAt30June>
            <SourceRef>xyz123</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>RetirementPhaseSegregated</AccountType>
            <OpeningBalanceAt1July>0.00</OpeningBalanceAt1July>
            <ClosingBalanceAt30June>560000.00</ClosingBalanceAt30June>
            <SourceRef>zzz001</SourceRef>
          </Account>
          <Account>
            <AccountRef>McCartney2</AccountRef>
            <AccountType>RetirementPhaseUnsegregated</AccountType>
            <OpeningBalanceAt1July>800000.00</OpeningBalanceAt1July>
            <ClosingBalanceAt30June>190000.00</ClosingBalanceAt30June>
            <SourceRef>zzz002</SourceRef>
          </Account>
        </Accounts>
        <SourceRef>PMcCartney001</SourceRef>
      </Person>
    </Persons>
    <InternalTransactions>
      <InternalTransaction>
        <Date>2018-04-04T00:00:00</Date>
        <TransactionType>AssetSegregation</TransactionType>
        <Amount>600000.00</Amount>
        <AmountLeftOver>200000.00</AmountLeftOver>
        <AmountLeftOverAtEndOfDay>200000.00</AmountLeftOverAtEndOfDay>
        <FromAccountRef>McCartney2</FromAccountRef>
        <ToAccountRef>McCartney1</ToAccountRef>
        <SourceRef>134254</SourceRef>
      </InternalTransaction>
    </InternalTransactions>
    <ExternalTransactions>
      <ExternalTransaction>
        <Date>2018-06-06T00:00:00</Date>
        <TransactionType>GrossPensionPaymentInclPAYG</TransactionType>
        <Amount>40000.00</Amount>
        <IsAccountEmpty>false</IsAccountEmpty>
        <AccountRef>McCartney1</AccountRef>
        <SourceRef>906845</SourceRef>
      </ExternalTransaction>
      <ExternalTransaction>
        <Date>2018-06-06T00:00:00</Date>
        <TransactionType>GrossPensionPaymentInclPAYG</TransactionType>
        <Amount>10000.00</Amount>
        <IsAccountEmpty>false</IsAccountEmpty>
        <AccountRef>McCartney2</AccountRef>
        <SourceRef>909067</SourceRef>
      </ExternalTransaction>
    </ExternalTransactions>
  </Fund>
</ActuarialCertificateRequest>