Understanding Wrap IDPS tax reporting

You can access and generate your clients' Wrap IDPS tax reports on demand directly through Adviser Online. See the Reporting and statements navigation guide for instructions.

If your clients want to retrieve their reports themselves, those with active accounts can do so through the Digital Banking portal. You can refer your client to Wrap reports available in Macquarie Online in our Personal Help Centre for guidance. 

If your client's account has been closed, a final paper-based tax report will be mailed to their last known address.

You can track the progress of your clients' Wrap IDPS tax reports by running a Tax Status Report. This tool displays the live status for all your registered clients. For further instructions, see Reporting and statements navigation.

The annual tax reporting process starts after the financial year ends on 30 June. Reports are released in fortnightly tranches, typically starting in late July and continuing through the end of the calendar year.

Tax reports are generated only after final tax data for all holdings in a client's portfolio has been received from external product issuers and verified. Individual report release dates are determined by when we receive this data. Delays typically occur when a portfolio contains investments that report their data later in the cycle. The most common holdings that extend delivery times are Separately Managed Accounts (SMAs) and complex assets.

To view estimated dates for when fund managers will provide their tax components, see the Product Issuer Schedule in the EOFY Hub.

Macquarie lodges the Annual Investment Income Report (AIIR) with the Australian Taxation Office (ATO) later in the calendar year. This lodgement occurs after your client’s individual tax report is finalised.

Macquarie Wrap Tax Guides give you access to in-depth technical details and calculations to assist with specific reporting inquiries. See below for the current and previous years.