SURF 1 is an unlisted retail property fund which commenced on 1 October 2015. SURF 1 invests in newly constructed freestanding properties in NSW leased to Woolworths Limited.
SURF 1 management are actively focused on maximising sustainable income and over the fund life the fund's total returns. SURF 1 achieves secure income streams from a strong tenancy profile with greater than 95% of its income from leases to Woolworths Limited.
|Burwood Dan Murphy's||Burwood, NSW|
|Fairfield Heights Woolworths||Fairfield Heights, NSW|
|Griffith North Woolworths||Griffith, NSW|
|Inverell Big W||Inverell, NSW|
|Katoomba Dan Murphy's||Katoomba, NSW|
|SURF 1 Quarterly Update (Oct '15 to Dec '15)||31 December 2015|
|SURF 1 Quarterly Update (Jan '16 to Mar '16)||31 March 2016|
|SURF 1 Quarterly Update (April '16 to June '16)||30 June 2016|
|SURF 1 Quarterly Update (July '16 to Sept '16)||30 September 2016|
|SURF 1 Quarterly Update (Oct '16 to Dec '16)||31 December 2016|
|SURF 1 Quarterly Update (Jan '17 to Mar '17)||31 March 2017|
|Period Ended||Date Paid||Distribution (cpu)|
|31 December 2015||19 January 2016||2.02|
|31 March 2016||19 April 2016||2.02|
|30 June 2016||29 July 2016||2.02|
|30 September 2016||26 October 2016||2.04|
|31 December 2016||16 January 2017||2.04|
|31 March 2017||21 April 2017||2.04|
|Financial Report||30 June 2016|
Distribution Tax Components
|December Quarter 2015 Distribution||December 2015|
|March Quarter 2016 Distribution||March 2016|
|June Quarter 2016 Distribution||June 2016|
|September Quarter 2016 Distribution||September 2016|
|December Quarter 2016 Distribution||December 2016|
|March Quarter 2017 Distribution||March 2017|
In respect of each income tax year, you will be required to include your share of the net income of the SURF 1 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 SURF1 may include various components, the tax treatment of which may differ. If you are an Australian tax resident and an individual, distributions from SURF 1 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 SURF 1 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 46.5% 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 SURF 1 make distributions?
A: SURF 1 intends to make distributions quarterly in the month after each calendar quarter. The distribution for the June calendar quarter may be delayed in order 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 SURF 1 Unit Registry on 1300 780 316.
SURF 1 Unitholder Enquiries
If you have any queries relating to a unitholding in SURF 1 please call the SURF 1 information line:
1300 780 316 (within Australia)
+61 2 8016 2885 (outside Australia)
SCA Property Group
Level 5, 50 Pitt Street
Sydney NSW 2000
Telephone: 02 8243 4900