What is the Mason Stevens Annual Report
The Mason Stevens Annual Report contains the following in relation to an investor’s Mason Stevens Global Investment Service account:
- Annual investor statement including the following summaries for the 2024 financial year period:
- Portfolio valuation
- Income and expenses
- Cash transactions
- Capital transactions
- Auditor Opinion: Report on internal controls procedures relating to annual investor statements.
- Summary and detailed tax information to assist the investor with lodging the FY2024 tax return.
As the MDA Provider of the Mason Stevens Global Investment Service, we are required to give investors the Annual investor statement by 30 September.
Between 30 September and 31 October, as we receive tax information from late reporting product issuers we will continue to update the Annual Report for investors whose Summary and detailed tax information is impacted, and make the updated Annual Report available online for investors. Please refer to Frequently Asked Questions below for more details.
What is included in the Annual Report
Tax and income summary
Expense statement
Realised gains and losses report
Unrealised capital gains and losses report
Portfolio valuation as of 30 June
Capital transactions report
Cash transactions report
Frequently asked questions
When can I expect the Annual Report to be available?
Each year we make Annual Reports available by 30 September. We will notify you and your clients via email. It is important that your client’s email addresses and contact details with us are kept up to date so that they will receive these notifications.
Why can’t I receive my Annual Report earlier than the end of September?
We want to provide you with the most accurate Summary and detailed tax information as part of your Annual Report. To do so, we allow product issuers of managed funds until the end of September to provide us with the necessary tax information which we rely on when generating your report.
What if a product issuer does not provide you with the tax information by the end of September?
Every year there will be some product issuers that do not provide us with their tax information by the end of September. If we receive tax information from them we will reissue your Annual Report using the updated tax component information up until 31 October. For this reason, your clients should seek advice from a qualified accountant on how this may impact them and the lodgement of their tax return.Â
If you reissue my Annual Report, will I see multiple versions of the report online?
You will see one set (PDF and Excel version) of the 2024 Annual Report online. If we reissue your Annual Report due to updated tax information that we have received in October, we will remove any prior versions of your Annual Report from online to avoid confusion.
Where can I see the product issuers that have not provided updated tax information?
Managed funds for which we have yet to receive the relevant tax information by the time we issue your Annual Report are listed in the appendices in the PDF version of the Annual Report.
You can also access the link below which we will update on a weekly basis as we receive tax information from the relevant product issuers.
When will Mason Stevens send the pre-fill data to the ATO for my clients?
Mason Stevens is required to send the data to the ATO by 31 October, in its Annual Investment Income Report (AIIR) filing. The timing means that we will include updated information from a fund which has reported tax component breakdowns after generating your client’s annual report at the end of September, to be included in the filing to the ATO.
What improvements have been made to the Annual Reports?
In response to valuable input, we’ve implemented several enhancements to the Annual Reports, as outlined below:
Improved formatting
1.  Enhanced the representation of key data such as trust distributions and corporate event records
2.  Addition of tax labels for different entity types to aid tax return submissions
3.  Updated reporting for TOFA Bonds in the Realised Qualifying Holdings worksheet so that it’s easier to see the gains/losses
Additional information and reports
1.  Inclusion of reports such as an EOFY portfolio valuation
2.  More granularity provided for realised FX gains and losses
Uplift to tools and resources
1.  Development of an EOFY Hub containing resources, FAQ’s and guides to support your financial reporting
2.  New investment level summary reports for advisers and accountants
Where can I access the audit letter?
You can find the Grant Thornton audit letter in the PDF version of your Annual Report.
How to view and download the Annual Report
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Log on to Mason Stevens
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Search for your client
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Select their Wealth account by using the quick search at the top of the page
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Select reports & documents
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Click on the Annual Report tab
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Download PDF and/or XLSX version of the Annual Report
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Your client's Annual Report can be found at the top of the library
Annual report guide
A guide to help make end of financial year planning as easy as possible.
The Annual Report Guide can be downloaded here
Contact Us
If you have any questions or need more information,
please do not hesitate to contact us.