They wouldn’t need any tax sign off in Australia. TheCD funds...

They wouldn’t need any tax sign off in Australia. TheCD funds are trusts: each year, under Australian tax law, providing the funds distribute(at least) all of their “taxable income” to Unitholders, the trusts themselves don’tpay any Australian income tax- the tax liability is worked out and borne prorata by the Unitholders in their own tax returns for that year.

They also wouldn’t need any US tax signoff. The UStax liability each year is a matter for the US limited partnerships. If there isany US current tax liability (as opposed to a deferred tax provision estimated onunrealised capital gains from revaluations) it’s the job of the US General Partnerto calculate it and ensure that the LP sets aside enough cash in USA to payit. I.e. the GP should always ensure thatthere is enough cash in the USbank accounts of the LPs to cover any current tax, or other liabilities, beforeit decides how much cash to transfer to the partners, including the CD Funds inAustralia.Once the GP has decided to transfer cash to Australia,the CD funds can safely assume that sufficient allowance has been made for any US obligations,and so the CD Funds are free to do what they like with the cash that they receive—preferablypay it all to Unitholders!