In a consolidation or split, the number of new shares issued, relative to the number of existing shares cancelled.
NOTE: In a Consolidation, Revised will be less than Existing. In a Split, Revised will be more than existing.
Real rate of return
The amount by which the rate of return exceeds the rate of inflation over a period. The real rate of return provides a gauge for investors to determine how much the buying power of their investments will grow over time.
When transactions have been assigned to one of the three available Suspense Accounts (Bank Suspense, General Suspense, or Pension Suspense) you or a service provider can reallocate the transaction to its correct category by selecting the SUSPENSE ACCOUNT ALLOCATION button on the BANK DATA FEEDS menu and selecting one of the Suspense accounts and a date range. All transactions in that account for the specified period will display, together with a total of debits and credits. You are then able to select a transaction to move from Suspense into the desired category.
Income that is due to the Fund from any source but has not yet been paid. Depending on the nature and source of the income, this may be tracked in a Dividends Due, Trust Distributions Due, Tax Refund Due, general Debtor Account, or other account designated specifically for tracking income due to the fund and expected to be paid at a future date. Receivable income not yet paid is counted in calculating fund profits, fund total value and member entitlements.
The Record Date is the date on which the company closes its register to determine which shareholders are registered to receive the dividend.
Redeemable Preference Shares
Shares can be sold back to the issuing company on a specified maturity date for their face value plus dividend.
Regulated Superannuation Fund
A super fund that falls under the regulation of the SIS legislation and is regulated by APRA. The fund must either have a constitutional corporation as Trustee, or, if it has individual trustees, must have a primary purpose of providing retirement income for its members.
Information superannuation fund trustees are legally required to provide to members and to regulatory authorities such as the Australian Taxation Office and the Australian Prudential Regulation Authority.
Shares in companies engaged in mining, energy and commodity-related (for example, agricultural) activities.
Restricted Non-preserved Funds (or Benefits)
Restricted non-preserved funds are funds that can be accessed when you resign from employment. When you cease employment, any restricted non-preserved funds become unrestricted and can be accessed at any time.
Retirement Income Account
An account-based pension or Allocated Pension
Retirement Savings Account (RSA)
A special type of super account, generally offered by banks, designed for people making very small super contributions or who working infrequently. RSAs must be capital guaranteed, so usually deliver much lower returns to members than superannuation funds. They have reduced reporting and accountability requirements compared to superannuation funds, and are not required to provide members with details of their costs. They usually don’t provide insurance cover.
Return of Capital
A payment back to shareholders of part of the capital originally invested in an asset. A return of capital reduces the investment. See Section 4.5.1 ASSETS: CORPORATE ACTIONS: RETURN OF CAPITAL in the Mclowd User Manual.
The process of adjusting asset values to account for changes since the last recording of asset value. See Section 4.3 ASSET VALUATION in the Mclowd User Manual.
An option provided by Mclowd that lets you delete a transaction that was posted incorrectly. See Section 2.4.1 GETTING STARTED: MISTAKES AND CORRECTIONS ―MCLOWDS EDITING METHODOLOGY.
The amount of money received from an investment, usually expressed as a percentage.
An offer made to existing stockholders in a company to buy new stocks at a discount compared with the current market price. Also known as an entitlement offer.
Return of Capital
A return of capital involves the repayment to investors of part of their original investment. This is distinct from payment of dividends, which are classed as income (and may be taxable). Returned capital effectively reduces the capital cost of the investment. The income returned to the shareholder is not treated as either income or capital gain for tax purposes.
The transfer of a super fund benefit to another super fund. When you rollover funds from another fund to your SMSF managed in Mclowd, use the Roll-In button on the Income Tab to enter the income.