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AMIT and the AMMA statement
Most ASX ETFs are attribution managed investment trusts, or AMITs. The trust attributes each kind of income to its members, who pay tax on their share whether or not it reached them as cash. After the financial year, the trustee sends each member an AMIT member annual statement (AMMA) with the final split, and has three months to do it, so it arrives by 30 September.
When the cash you received and the amounts attributed to you don't match, the gap adjusts your cost base. The ATO nets the increase against the decrease. A net decrease lowers your cost base, and if it's bigger than the cost base, the cost base stops at nil and the rest is a capital gain under CGT event E10. The ATO sets this out in cost base adjustments for AMIT members.
Estimates and finals
The components known when a distribution is paid are estimates. The final figures come with the AMMA statement after the year ends and often differ, because trusts work with incomplete information until the year closes.
Every distribution has a basis of estimate or final. We carry the finals
for VanEck and Platinum funds, so their years switch to final once the finals are out and that year's estimates
are dropped. Other issuers only send finals to each holder, so their figures stay estimates and your AMMA
statement is the one to trust.
We check that each distribution's components add up to its stated totals. One that doesn't is held back until we've fixed it.
Which funds are covered
Funds from these issuers are covered from the financial year shown, named by the year it ends in.
| Issuer | From |
|---|---|
| Platinum | FY2018 |
| Betashares | FY2019 |
| iShares | FY2019 |
| Russell | FY2019 |
| Pinnacle managers (Hyperion, Resolution, Plato, Firetrail, Antipodes, Spheria) | FY2020 |
| SPDR | FY2021 |
| Perpetual and Barrow Hanley | FY2022 |
| VanEck | FY2023 |
| Morningstar | FY2023 |
| JPMorgan | FY2025 |
| InvestSMART | FY2025 |
| Ellerston | FY2025 |
| Dimensional | FY2026 |
| ETF Shares | FY2026 |
| Quay | FY2026 |
| Ten Cap | FY2026 |
Vanguard's funds are covered as estimates for every year Vanguard has published components. Global X and Schroders funds are covered for the current and previous financial years.
Working out a cost base adjustment
amitCostBaseIncrease and amitCostBaseDecrease are per unit. Multiply each by the units you
held for that distribution, then net the year's totals to get the adjustment for the holding.
Questions
Why don't the components match my AMMA statement?
They're most likely estimates. Issuers revise the split when they close the year, and your AMMA statement has the final figures. Check basis on each distribution. If it says final and still doesn't match, tell us the fund and the year and we'll look into it.
How do I get a whole year at once?
Pass financialYear, named by the year it ends in, so 2026 covers 1 July 2025 to 30 June 2026. Without it you get the current year. One call returns every distribution in that year for up to 100 funds.
Why is a component null?
The issuer didn't report it. A component that's 0 means the issuer reported it as zero.
When do the final figures come out?
Trustees have to issue AMMA statements within three months of the year ending, so by 30 September. VanEck and Platinum finals switch in as they're published through July to September.
Are unlisted managed funds covered?
Not yet. For now it's funds listed on the ASX.
What does it cost?
5 credits per instrument. It's included in the Growth plan and up, and in the trial. Anything that comes back as an error isn't billed.