Assessing income and assets from cooperatives 108-04030000

This page contains the process for obtaining information and recording details of income and assets from cooperatives.

Cooperative income and assets

This table describes the process to record details of income and assets from a cooperative.

Step	Action
1	Issue Income and Investments form (Mod iA) + Read more ... This is to obtain from customer (and/or partner where appropriate) the latest sale price of the cooperative shares. If customer requires help in completing the Mod iA, see Completing the income and Assets Mod iA.
2	Return of completed Mod iA + Read more ... $\\INTERNAL.DEPT.LOCAL\Shared\NAT\SERDELEXCEL\WORKPRODIMP\Operation Blueprint Migration\RDT Release Icons\32w\icon-face-to-face.png$ Is there adequate information on Mod iA to be able to code the Unlisted Public Companies (SIUS) screen. For example name of the cooperative, number of shares held, current market value and who owns the investment? Yes, go to Step 3 No, request customer to provide the relevant certificates or latest statements of their cooperative shares
3	Coding details and recording outcome + Read more ... $\\INTERNAL.DEPT.LOCAL\Shared\NAT\SERDELEXCEL\WORKPRODIMP\Operation Blueprint Migration\RDT Release Icons\32w\icon-face-to-face.png$ For deeming purposes, code the details on the Unlisted Public Securities (SIUS) screen the customer's (and/or partner's) cooperative shares. Details of the deeming assessment will display on Financial Investment Summary (IVIS) screen. Finalise the activity and record the details of the assessment on a DOC.