2 unchanged sentences
Statements of Financial Condition
−Removed: June 30, 2022 and December 31, 2021
−Removed: June 30, 2022
+Added: September 30, 2022 and December 31, 2021
+Added: September 30, 2022
December 31, 2021
Australian Dollar deposits, interest bearing
+Added: Receivable from accrued interest
Accrued Sponsor’s fee
3 unchanged sentences
Redeemable Capital Shares, at redemption value, no par value,
−Removed: 1,400,000 and 1,350,000 issued and outstanding, respectively
+Added: 1,300,000 and 1,350,000 issued and
+Added: outstanding, respectively
Shareholders’ Equity:
4 unchanged sentences
Statements of Comprehensive Income
−Removed: For the Three and Six Months Ended June 30, 2022 and 2021
+Added: For the Three and Nine Months Ended September 30, 2022 and 2021
Three Months Ended
−Removed: Six Months Ended
+Added: Nine Months Ended
+Added: September 30,
+Added: September 30,
Interest Income
7 unchanged sentences
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Three Months Ended June 30, 2022
+Added: For the Three Months Ended September 30, 2022
Retained Earnings
1 unchanged sentence
Redeemable Capital Shares
−Removed: Balance at March 31, 2022
+Added: Balance at June 30, 2022
Purchases of Shares
5 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at June 30, 2022
+Added: Balance at September 30, 2022
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Three Months Ended June 30, 2021
+Added: For the Three Months Ended September 30, 2021
Retained Earnings
1 unchanged sentence
Redeemable Capital Shares
−Removed: Balance at March 31, 2021
+Added: Balance at June 30, 2021
Purchases of Shares
5 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at June 30, 2021
+Added: Balance at September 30, 2021
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Six Months Ended June 30, 2022
+Added: For the Nine Months Ended September 30, 2022
Retained Earnings
9 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at June 30, 2022
+Added: Balance at September 30, 2022
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares
−Removed: For the Six Months Ended June 30, 2021
+Added: For the Nine Months Ended September 30, 2021
Retained Earnings
9 unchanged sentences
Adjustment of Redeemable Capital Shares to Redemption Value
−Removed: Balance at June 30, 2021
+Added: Balance at September 30, 2021
See accompanying Notes to Unaudited Financial Statements which are an integral part of the financial statements.
1 unchanged sentence
Statements of Cash Flows
−Removed: For the Six Months Ended June 30, 2022 and 2021
−Removed: Six Months Ended June 30,
+Added: For the Nine Months Ended September 30, 2022 and 2021
+Added: Nine Months Ended September 30,
Cash flows from operating activities
3 unchanged sentences
Change in operating assets and liabilities:
+Added: Receivable from accrued interest
Accrued Sponsor’s fee
13 unchanged sentences
Notes to Unaudited Financial Statements
−Removed: June 30, 2022
+Added: September 30, 2022
Note 1 – Background
13 unchanged sentences
The secondary account is also used to account for interest earned, if any, on the primary deposit account, pay Trust expenses and distribute any excess interest to holders of Shares (“Shareholders”) on a monthly basis.
−Removed: This Quarterly Report (the “Report”) covers the three and six months ended June 30, 2022 and 2021.
+Added: This Quarterly Report (the “Report”) covers the three and nine months ended September 30, 2022 and 2021.
The accompanying unaudited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.
36 unchanged sentences
These exceptions include expenses not assumed by the Sponsor (i.e., expenses other than those identified in the preceding paragraph), expenses resulting from negative interest rates, taxes and governmental charges, expenses and costs of any extraordinary services performed by the Trustee or the Sponsor on behalf of the Trust or action taken by the Trustee or the Sponsor to protect the Trust or the interests of Shareholders, indemnification of the Sponsor under the Depositary Trust Agreement, audit fees and legal expenses in excess of $ 100,000 per year.
−Removed: The only expense of the Trust during the three and six months ended June 30, 2022 and 2021 was the Sponsor’s fee.
+Added: The only expense of the Trust during the three and nine months ended September 30, 2022 and 2021 was the Sponsor’s fee.
Federal Income Taxes
25 unchanged sentences
Australian Dollar principal deposits are held in an Australian Dollar-denominated, interest-bearing demand account.
−Removed: The interest rate in effect as of June 30, 2022 was an annual nominal rate of 0.00 %.
−Removed: For the six months ended June 30, 2022, there were Australian Dollar principal deposits of 14,871,056 , Australian Dollar principal redemptions of 9,913,320 and Australian Dollar withdrawals (to pay expenses) of 278,935 , resulting in an ending Australian Dollar principal balance of 138,701,738 .
+Added: The interest rate in effect as of September 30, 2022 was an annual nominal rate of 0.40 %.
+Added: For the nine months ended September 30, 2022, there were Australian Dollar principal deposits of 19,820,471 , Australian Dollar principal redemptions of 24,761,326 and Australian Dollar withdrawals (to pay expenses) of 407,222 , resulting in an ending Australian Dollar principal balance of 128,674,860 .
This equates to 82,731,548 USD.
39 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.