A locked financial year may need review when portfolio or tax data changes after Navexa saved that year’s tax report calculations.
What Needs Review Means
Needs review means a locked financial year may no longer match the latest data recorded in your portfolio.
Locking a financial year for tax reporting saves that year’s tax report calculations in Navexa. If data changes after the year is locked, Navexa may flag the year so you can review the updated information.
This does not mean the locked year is automatically wrong. It means something has changed and should be checked before you rely on the saved figures.
Why Locked Years Change
Locked years can need review when you add, edit, delete, or confirm records that affect that financial year.
This can include changes to:
trades
dividends or distributions
AMIT or annual tax statement data
holding history
Capital Gains Tax settings
historical capital losses
transfers, mergers, splits, or other adjustments
records in an earlier year that flow into later years
For example, if you lock FY24/25 and later add a missing buy trade from that year, Navexa may flag FY24/25 because the saved tax calculation may need to be refreshed.
Why Earlier Changes Matter
Earlier years can affect later tax reports.
A change in an older year may affect:
cost bases
remaining parcel quantities
partial sale calculations
carried-forward capital loss balances
later Capital Gains Tax reports
whether a later year still calculates from the same historical base
For example, if you edit a trade in FY23/24, it may affect the cost base used in FY24/25 or FY25/26.
This is why Navexa may show a locked year as needing review even if the change was made outside the report you were looking at.
Where To Check It
You can review locked financial years from the Tax Overview page.
To check:
Open Tax Reporting from the left-hand menu.
Select Overview.
Choose the portfolio you want to review.
Open the Previous financial years section.
Look for any year showing Needs review, Changed since locked, or a similar warning.
Open the year and review the affected reports or checklist items.
The exact warning may depend on the type of change Navexa has detected.
What To Do Next
If a locked year needs review, check the year before relying on its reports or on later reports that depend on it.
A useful workflow is:
Open the affected financial year.
Review the Finalise FY checklist.
Fix any missing or changed records.
Open the relevant tax reports.
Compare the updated figures with your records.
Re-lock the year if the updated figures are ready to save.
If several years are affected, start with the oldest affected year and work forward.
When To Re-Lock
Re-lock a financial year when you have reviewed the updated data and want Navexa to save the refreshed tax report calculations.
For example:
You locked FY24/25.
You later added a missing AMIT statement.
Navexa flagged FY24/25 as needing review.
You reviewed the updated reports.
You selected Re-lock to save the updated calculations.
Re-locking helps keep the saved year aligned with the data currently recorded in your portfolio.
When To Unlock
You may need to unlock a financial year if you need to change records that affect that year’s saved tax calculations.
For example, you may unlock a year to:
add a missing trade
correct a sell trade
enter missing AMIT data
update dividend records
adjust a historical capital loss
change a Capital Gains Tax setting
After making changes, review the reports again before re-locking.
Reports May Differ
If a locked year needs review, you may see differences between saved figures and current calculated figures.
This can happen because the locked year reflects the data saved at the time of locking, while the current report may reflect newer data.
Review the difference before deciding whether to keep the locked position or re-lock the year with the updated figures.
Common Issues
Did Navexa Change My Return?
Navexa does not change or lodge your tax return.
A Needs review warning only means the data in Navexa changed after the financial year was locked. Review your lodged records and tax reports before deciding what to do.
Do I Need To Re-Lock Every Year?
You may not need to re-lock every year.
Review the years Navexa flags and focus on the oldest affected year first. If that year affects later years, continue working forward.
Can I Ignore The Warning?
You can continue using Navexa, but a Needs review warning means the saved locked figures may not match the latest portfolio data.
Review the warning before relying on the locked year or later reports.
Why Did A Later Year Change?
A later year may change because earlier data changed.
For example, an old trade edit, new AMIT record, or updated historical capital loss can affect cost bases, carried-forward balances, or later Capital Gains Tax calculations.
Important
Navexa provides portfolio tracking and tax reporting tools based on the data recorded in your account. Navexa reports are designed to help you review and organise your investment tax information, but your lodged tax return and tax records remain the source of truth.
Review your records and speak with a registered tax agent if you need advice about your circumstances.
Remember, this is general information, not personal financial advice.