ABOUT SURF 3
SURF 3 is an unlisted retail property fund which commenced on 10 July 2018. SURF 3 invests in four retail properties in NSW, QLD & VIC.
SURF 3 management are actively focused on maximising sustainable income and over the fund life the fund’s total returns. SURF 3 achieves secure income streams from strong tenancy profiles with greater than 70% of its income from leases to Woolworths Limited and Target Australia. Specialty tenants income is mainly from medical centres, pharmacies and other non-discretionary focused retailers.
|Moama Marketplace||Moama, NSW|
|Swansea Woolworths||Swansea, NSW|
|Warrnambool Target||Warrnambool, VIC|
|Woodford Woolworths||Woodford, QLD|
|Period Ended||Date Paid||Distribution (cpu)|
|31 December 2018||21 January 2019||1.77|
|30 September 2018||17 October 2018||1.60 (part quarter)|
|First financial report||30 June 2019|
Distribution Tax Components
In respect of each income tax year, you will be required to include your share of the net income of the SURF3 in your assessable income for tax purposes. SCA Property Group will provide unitholders with Annual Taxation Statements by August of each year.
You should not complete your tax return for the prior tax year before you receive this Annual Taxation Statement.
Distributions from SURF3 may include various components, the tax treatment of which may differ. If you are an Australian tax resident and an individual, distributions from SURF3 received after June will generally need to be included in your tax return for the preceding tax year.
Annual Taxation Statement
If you are an Australian tax resident and an individual you will receive an Annual Taxation Statement by August each year. Amounts in this Annual Taxation Statement will generally need to be included in your tax return for the preceding taxation year.
You should not complete your tax return for the preceding taxation year until you receive the Annual Taxation Statement.
To obtain your Annual Taxation Statement go to www.investorserve.com.au or contact the SURF3 information line on 1300 780 316 (within Australia) or +61 2 9290 9600 (outside Australia) to request the Annual Taxation Statement to be sent to you.
Resident withholding tax deductions
If you are classified as an Australian tax resident for Australian tax purposes you will have resident withholding tax deducted at the rate of 47% on the full amount of your future distributions unless you provide your Tax File Number (TFN) or Australian Business Number (ABN).
TFN withholding tax is a refundable credit. That is, if the credit exceeds the tax liability you would otherwise have, it will be refunded to you by the Australian Taxation Office. For further information you should contact your own tax advisor.
Go to www.investorserve.com.au in order to provide your TFN or ABN or your bank account or financial institution account information and other details online for your holding. Alternatively contact the SCP Information Line on 1300 780 316 (within Australia) or +61 2 9290 9600 (outside Australia) to request the forms to be sent to you.
Q: When will SURF3 make distributions?
A: SURF3 intends to make distributions quarterly in the month after each calendar quarter. The distribution for the June calendar quarter may be delayed to determine the final annual taxation components.
Q: How do I change my bank or EFT or address details or get details of may distribution or other unitholder records?
A: Please contact the SURF3 Unit Registry on 1300 780 316.
SURF3 Unitholder Enquiries
If you have any queries relating to a unitholding in SURF3 please call the SURF3 information line:
1300 780 316 (within Australia)
+61 2 8016 2885 (outside Australia)
Or you may contact:
SURF@boardroomlimited.com.au or log onto www.investorserve.com.au to update your bank account, TFN, ABN or other details.
SCA Property Group
Level 5, 50 Pitt Street
Sydney NSW 2000
Telephone: 02 8243 4900