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Taxation

Buying and selling investments and receiving income are likely to have taxation consequences. We do not give tax advice. Given the complex and changeable nature of the Australian tax and social security systems, and the fact that different investors have different tax and social security circumstances, we recommend you seek professional tax and social security advice prior to investing.

This summary is based on our understanding of Australian tax laws effective as at the date of the Guide and this Further Information booklet. Any of these may change in the future without notice. Further changes in tax laws or their interpretation or associated administrative practices could affect the tax treatment of investors. The following section outlines the general kinds of taxes which may apply.