Appendix 3: Rates of tax

Rate
%

Superannuation funds certified by the ATO or APRA as complying with superannuation fund conditions

Assessed on income, including realised capital gains and taxable contributions received

15

Assessed on private company dividends (including non-share dividends) unless the amount is consistent with an arms-length dealing - see U Net non-arm's length income

45

Funds that were a foreign superannuation fund in the prior year

Assessed on income, including realised capital gains, taxable contributions and net previous income (assets less member contributions)

15

Superannuation funds not certified by the ATO or APRA as complying with superannuation fund conditions

Funds that were complying in the prior year
Assessed on income, including realised capital gains, taxable contributions received and any net previous income (assets less non-concessional contributions)

45

Funds that were not complying in the prior year
Assessed on income, including realised capital gains and taxable contributions received

45

Australian superannuation fund which was a foreign superannuation fund in the prior year
Assessed on income, including realised capital gains, taxable contributions and net previous income (assets less member contributions)

45

Superannuation funds that have not elected to be regulated under the Superannuation Industry (Supervision) Act 1993

Assessed on income, including realised capital gains and taxable contributions received

45

ADFs certified by APRA as complying with ADF conditions

Assessed on income, including realised capital gains and certain rollover deposits

15

Assessed on non-arm's length income, private company dividends (including non-share dividends) unless the amount is consistent with an arms-length dealing - see U Net non-arm's length income

45

ADFs not certified by APRA as complying with ADF conditions

Assessed on income, including realised capital gains and certain rollover deposits

45

Unit trusts certified by APRA as complying with conditions for PSTs

Assessed on income, including realised capital gains and any liability attached to tax deductible contributions transferred from investing funds

15

Assessed on non-arm's length income, private company dividends (including non-share dividends) unless the amount is consistent with an arms-length dealing - see U Net non-arm's length income

45

No TFN quoted contributions that are included in assessable contributions

For superannuation funds certified by APRA or the ATO as complying with superannuation fund conditions, an additional tax rate of 31.5% applies to contributions received that were for a member who has not quoted a TFN

31.5

For superannuation funds not certified by APRA or the ATO as complying with superannuation fund conditions, an additional tax rate of 1.5% applies to contributions received that were for a member who has not quoted a TFN

1.5