Use the ETF Distributions Pro-Rata Tax Form to enter annual ETF tax statement values once, then apply them across that ETF’s distributions for the selected financial year.
What The Form Does
The ETF Distributions Pro-Rata Tax Form helps you update exchange-traded fund (ETF), managed fund and trust-style income after you receive your annual tax statement.
Many Australian ETFs and managed funds issue an AMMA statement after the end of the financial year. AMMA stands for Attribution Managed Investment Trust Member Annual statement.
The AMMA statement may include tax components such as:
Trust income
Franked and unfranked amounts
Franking credits
Foreign income
Foreign tax offsets
Capital gains components
AMIT cost-base adjustments
AMIT stands for Attribution Managed Investment Trust. AMIT amounts can increase or decrease your cost base, which can affect future Capital Gains Tax (CGT) calculations when you sell.
Instead of editing each ETF distribution one by one, the pro-rata form lets you enter the annual statement values once. Navexa then applies those values across the ETF distributions recorded for that holding and financial year.
When To Use It
Use the ETF Distributions Pro-Rata Tax Form when you have received the final AMMA or AMIT statement for an ETF, managed fund or trust-style holding.
This is useful when:
The Taxable Income report shows AMIT Required.
You need to enter annual statement values for an ETF or managed fund.
You need to import an AMIT or AMMA statement from PDF.
You want Navexa to apply annual tax components across the holding’s distributions.
You need to update previously entered AMIT statement data.
Use a single income-line edit instead if you only need to correct one dividend or distribution.
Where To Find It
You can open the form from the Taxable Income report.
Open Tax Reporting in the left-hand menu.
Select Taxable Income.
Choose the financial year you want to review.
Scroll to the Trust Income section.
Find the ETF or managed fund holding.
Select Enter AMIT Statement or Update AMIT Statement.
You’ll usually see Enter AMIT Statement when no AMIT statement data has been saved for that holding and financial year.
You’ll usually see Update AMIT Statement when AMIT statement data already exists and can be reviewed or changed.
You can also open the AMIT statement workflow from the holding itself:
Open Portfolio.
Select the ETF or managed fund holding.
Open the holding’s Income section.
Select Enter AMIT Statement or Update AMIT Statement where available.
Understand AMIT Statuses
Navexa shows AMIT statuses to help you track which ETF or managed fund holdings still need attention.
AMIT Required
AMIT Required means the holding may need AMIT or AMMA statement data for the selected financial year.
Use this status as a prompt to check the holding’s final annual tax statement.
AMIT Complete
AMIT Complete means AMIT statement data has been entered and saved for that holding and financial year.
You can still select Update AMIT Statement if you need to review or change the saved values.
AMIT Not Required
AMIT Not Required means the holding has been marked as not needing AMIT data for that financial year.
This status does not permanently block the holding. You can still select Enter AMIT Statement later if you receive a statement or realise AMIT data is required.
Choose An Entry Method
After you select Enter AMIT Statement or Update AMIT Statement, Navexa opens the Add AMIT Statement Data box.
You can choose one of three options.
Enter Manually
Select Enter manually to type the values from your AMIT or AMMA statement yourself.
This opens the full AMIT statement form. Use this option when you want to copy the values directly from your ETF provider’s statement into Navexa.
Import From PDF
Select Import from PDF to upload your statement and have Navexa extract the values.
This opens the PDF upload screen. You can drag the PDF into the upload area, or select Browse Files and then Upload File.
The accepted file format is .pdf.
Navexa’s AI will attempt to extract the distribution values for you. AI extraction may need manual adjustments, so review every value in the next step before saving.
Mark As Not Required
Select Mark as not requiring AMIT data if the holding does not need AMIT statement data for the selected financial year.
After you mark the holding this way, Navexa shows an AMIT Not Required label beside the holding.
You can still enter AMIT statement data later if you need to. Select Enter AMIT Statement again and complete the workflow.
Review The Form
The Add AMIT Statement Data form shows how your annual statement values apply across the ETF’s distributions.
The form includes:
Item: The tax component from your AMMA statement.
Tax Return Label: The Australian Taxation Office (ATO) label shown where applicable.
Net Amount: The annual value you enter or import.
Distribution date columns: The ETF distributions recorded for the selected financial year.
Totals: The total currently allocated across the distributions.
New Net Amounts: The updated amounts after your changes.
Use this page to check that the annual values match your AMMA statement before saving.
Enter Statement Values
To update an ETF using the pro-rata form:
Select Enter AMIT Statement or Update AMIT Statement.
Choose Enter manually or Import from PDF.
If entering manually, type the values from your AMIT or AMMA statement into the form.
If importing from PDF, upload the statement and wait for Navexa to extract the values.
Review every extracted or entered value against your statement.
Correct any values that do not match your statement.
Check the totals at the right of the form.
Select Save Updated Distributions.
After saving, Navexa updates the ETF distributions used in your Taxable Income report.
What To Enter
Enter the values from your ETF provider’s final annual tax statement.
The form may include these sections.
Trust Income
Trust income fields may include:
Share of non-primary production income — usually mapped to 13U.
Franked distributions from trusts — usually mapped to 13C.
Share of franking credits from franked dividends — usually mapped to 13Q.
Share of credit for TFN amounts withheld — usually mapped to 13R.
TFN means Tax File Number. Franking credits are tax credits attached to franked income.
Capital Gains
Capital gains fields may include:
Capital Gains - Discounted Method
Capital Gains - Other Method
Net Capital Gain — usually mapped to 18A.
CGT Concession (AMIT CGT gross up)
Total Current Year Capital Gain — usually mapped to 18H.
CGT means Capital Gains Tax, which is the tax calculation on profits from selling an investment.
Foreign Income
Foreign income fields may include:
Assessable foreign source income — usually mapped to 20E.
Other net foreign source income — usually mapped to 20M.
Foreign income tax offset — usually mapped to 20O.
Other Adjustments
Other adjustment fields may include:
AMIT Decrease (AMIT Excess)
AMIT Increase (AMIT Shortfall)
Tax Deferred
Non Assessable
Interest
Only enter values that appear on your statement and match the meaning of the field.
Check AMIT Adjustments
AMIT cost-base adjustments are important because they can change your future capital gains result.
The two most commonly misunderstood fields are AMIT Increase (AMIT Shortfall) and AMIT Decrease (AMIT Excess).
AMIT Increase (AMIT Shortfall) generally adds to your cost base.
This can happen when the ETF or managed fund attributed more taxable income to you than it paid in cash. Increasing your cost base helps prevent the same amount being taxed again as a capital gain later.
AMIT Decrease (AMIT Excess) generally reduces your cost base.
This can happen when the ETF or managed fund paid more cash than the amount attributed to you for tax purposes. Reducing your cost base helps prevent future capital gains being understated.
ETF providers may label these adjustments differently. For example:
AMIT Adjustment - Decrease, AMIT Excess and Cost Base Reduction usually refer to an AMIT decrease.
AMIT Increase, AMIT Shortfall and Cost Base Increase usually refer to an AMIT increase.
Always match the meaning of the field, not just the exact wording on the statement.
Leave Non Assessable Blank For AMIT Statements
If you’re entering data from a standard AMIT statement, such as one from Vanguard, Betashares or Magellan, leave the Non Assessable field blank unless your statement separately reports a non-assessable amount.
These AMIT statements usually report cost-base adjustments under AMIT Decrease (AMIT Excess) or AMIT Increase (AMIT Shortfall).
Entering the same value again under Non Assessable can double-count the adjustment and change the net dividend or distribution result.
Edit One Distribution
You can also edit an individual income line directly from the Taxable Income report or from the holding’s Income section.
Use this when you only need to correct one distribution.
Use Enter AMIT Statement or Update AMIT Statement when you want to enter annual ETF statement values and apply them across the relevant distributions for the year.
Best Practice
Use one entry method per ETF, per financial year.
Do not enter the same AMMA statement values manually on each distribution and then also enter them through the pro-rata form. The pro-rata form updates the distribution values for you.
Before saving, check that:
The selected financial year is correct.
The ETF or managed fund holding is correct.
The distributions for the year are present in Navexa.
The entered values match your AMMA statement.
AI-extracted values have been reviewed and corrected where needed.
AMIT Increase and AMIT Decrease values have not been duplicated elsewhere.
After saving, return to Tax Reporting > Taxable Income and review the updated report totals.
Common Issues
Why Can’t I See It?
The Enter AMIT Statement or Update AMIT Statement option appears where Navexa detects trust-style income for the holding and financial year.
If you cannot see it, check that:
You are viewing the correct financial year.
The holding has ETF, managed fund or trust income recorded.
The income distributions have been added or confirmed.
You are checking the Trust Income section of the Taxable Income report.
Why Does It Say Required?
AMIT Required means the holding may need AMIT or AMMA statement data for the selected financial year.
Check your ETF or managed fund provider’s final annual tax statement. If the holding needs AMIT data, select Enter AMIT Statement. If it does not need AMIT data, select Mark as not requiring AMIT data.
Why Does It Say Complete?
AMIT Complete means AMIT statement data has been entered and saved for that holding and financial year.
You can still select Update AMIT Statement to review or change the saved values.
Why Does It Say Not Required?
AMIT Not Required means the holding has been marked as not requiring AMIT statement data for that financial year.
You can still enter AMIT statement data later if needed. Select Enter AMIT Statement and complete the workflow.
Should I Trust Imported Values?
Imported values should always be reviewed before saving.
The import tool can speed up the process, but ETF statements vary by provider. Check each field against your AMMA statement and correct anything that does not match.
Why Did Totals Change?
The totals change because saving the AMIT statement data updates the ETF distributions used by the report.
The Taxable Income report recalculates using the updated distribution components, including trust income, foreign income, offsets, capital gains components and AMIT adjustments.
Remember, this is general information, not personal financial advice.