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How's your retirement looking? ADC CAPITAL GUARANTEED PENSION Retirement Savings Account Product Disclosure Statement (PDS) 1 July 2014 Issued by the Australian Defense Credit Union Limited Level
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Who needs adcu:
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Individuals who want to apply for membership or services provided by ADCU (Alternative Dispute Resolution Centre Unlimited).
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What is adcu?
ADCU stands for Automatic Exchange of Information on Financial Accounts. It is an international standard for the exchange of financial account information between different countries' tax authorities.
Who is required to file adcu?
Financial institutions, such as banks, are required to file adcu in order to report information on financial accounts held by non-resident individuals.
How to fill out adcu?
Financial institutions must collect relevant information on their non-resident account holders and report this information to the tax authorities using the specified electronic format.
What is the purpose of adcu?
The purpose of adcu is to prevent tax evasion by providing tax authorities with information on financial accounts held by non-residents.
What information must be reported on adcu?
Information such as the account holder's name, address, tax identification number, account balance, and interest earned must be reported on adcu.
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