Appendix 3: Rates of tax

The following rates of tax apply to superannuation funds, ADFs and PSTs for the current income year.

Rate
%

Superannuation funds certified by APRA as complying

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

15

Assessed on non-arm's length income, for example, private company dividends (including non-share dividends) unless the amount is consistent with an arm's 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 APRA as complying

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, for example, private company dividends (including non-share dividends) unless the amount is consistent with an arm's-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, for example, private company dividends (including non-share dividends) unless the amount is consistent with an arm's-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 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 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