SMSF Audit Package
Audit trail & calculation evidence
A rendered example of the audit package SMSF Core generates: the same sections, in the same order, over the public sample fund's figures. A real package is a read-only, point-in-time snapshot, generated once and never edited, delivered as PDF and BGL/Class CSV with an account-free auditor link.
- Fund
- Walker Family Super Fund (sample)
- ABN
- Not applicable, sample fund
- Reporting period
- 1 July 2025 to 5 July 2026 (sample window)
- Package reference
- AP-SAMPLE-001 (sample)
- Figures as at
- 5 July 2026
Disclosures
1.Important notices
IMPORTANT NOTICES
SMSF Core is general information only and not a licensed financial service (AFSL). Independent SMSF audit and SMSF Annual Return lodgement remain the trustee's legal responsibilities under the SIS Act 1993 and the Income Tax Assessment Act 1997.
All calculations cite specific Australian Taxation Office sources. Trustees and auditors are responsible for verifying calculation inputs and applying professional judgement to interpretation.
SMSF Core does not provide investment advice, tax advice, or recommendations about whether to buy, hold, or sell any financial product. SMSF Core reports factual calculations based on data the trustee provides.
A real package also records here when each cited ATO source was last verified and the corpus version the figures were checked against. The sample makes no verification claim.
Holdings
2.Parcel ledger
| Ticker | Acquired | Units | Status | Cost base / unit |
|---|---|---|---|---|
| CBA | 12 Mar 2019 | 400 | qualified | $70.85 |
| BHP | 2 Nov 2021 | 900 | qualified | $37.12 |
| VAS | 17 May 2022 | 650 | qualified | $88.90 |
| VAS | 20 June 2026 | 300 | at-risk | $102.40 |
| WES | 24 Aug 2020 | 500 | qualified | $46.30 |
| FPH | 9 Feb 2023 | 800 | qualified | $23.85 |
| IAG | 1 Oct 2024 | 1,200 | qualified | $7.45 |
Franked income events
3.Dividend events
| Code | Ex-div | Record | Payment | Cash/unit | Franking % | PCG 2025/3 |
|---|---|---|---|---|---|---|
| VAS | 1 July 2026 | 2 July 2026 | 16 July 2026 | $0.98 | 70% | green zone |
| FPH | 11 June 2026 | 12 June 2026 | 3 July 2026 | $0.23 | 65% | green zone |
| VAS | 1 Apr 2026 | 2 Apr 2026 | 16 Apr 2026 | $1.43 | 72% | green zone |
| BHP | 5 Mar 2026 | 6 Mar 2026 | 26 Mar 2026 | $1.02 | 100% | green zone |
| WES | 26 Feb 2026 | 27 Feb 2026 | 31 Mar 2026 | $0.96 | 100% | green zone |
| CBA | 18 Feb 2026 | 19 Feb 2026 | 27 Mar 2026 | $2.55 | 100% | green zone |
| IAG | 11 Feb 2026 | 12 Feb 2026 | 11 Mar 2026 | $0.12 | 60% | amber zone |
| CBA | 20 Aug 2025 | 21 Aug 2025 | 26 Sept 2025 | $2.50 | 100% | green zone |
ITAA 1997 §207-45
4.45-day holding status & franking detail
The featured sample dividend (VAS ex-div 1 July 2026, 70% franked) matched LIFO across two parcels, one qualified and one still inside its 45-day window. A real package carries this detail for every dividend in the period.
Dividend summary
- Cash dividend received
- $931.00
- Franking credit gross-up
- $279.30
- Grossed-up assessable income
- $1,210.30
- Tax offset claimable
- $191.10
- Tax offset forfeited
- $0.00
- Not yet determined (45-day window open)
- $88.20
Parcel matching (LIFO)
2 parcels matched · ITAA 1936 s 160APHI(4)| Parcel | Units | Held | Status | Franking | ATO source |
|---|---|---|---|---|---|
| P-demo-p-v VAS | 650 | 17 May 2022 1506 days before ex-div | qualified 1510/45 days | $191.10 | |
| P-demo-p-v VAS | 300 | 20 June 2026 11 days before ex-div | at-risk 15/45 days | $88.20 |
Integrity checks
- Dividend washing check (s 207-157)not computed
- Capital-raising-funded distribution (PCG 2025/3)green zone
- Small-shareholder exemption (s 160APHT)N/A (SMSF)
- NALI check (s 295-550)not computed
- Residency (s 207-70)not computed
- 45-day at-risk holding (s 160APHO)at-risk parcels present
At-risk means a parcel has not yet met the 45-day holding requirement around the ex-dividend date, so its franking offset may not apply if sold early. The pre-trade simulator shows the earliest safe sale date per parcel.
Reference list
5.ATO sources cited
- ITAA 1936 s 160APHO(2)(a)(i)
- ITAA 1936 s 160APHO(2)(a)(ii)
- ITAA 1997 Div 207 s 207-20(1)
- ITAA 1936 s 160APHI(4)
Generation snapshot
6.Calculation provenance
- Parcels in ledger
- 7
- Dividend events
- 8
- Parcel-dividend matches
- 2
- Integrity flags raised
- None for this sample
A real package lists every ingestion event behind these figures (source file, when it arrived, who approved each row) and the calculation runs the figures came from.
Indirect franked income
7.Trust distributions
Franked distributions a fund receives indirectly through trusts or partnerships (ITAA 1997 s 207-35 / s 207-45; annual-return Label M). A real package lists each holding with the trust statement's franked amount and franking credit alongside the engine's assessable amount, offset and NALI flag.
No trust distributions recorded for this period.
ASIC Instrument 2026/41