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. |
47 |
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 |
47 |
Funds that were not complying in the prior year |
47 |
Australian superannuation fund which was a foreign superannuation fund in the prior year |
47 |
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. |
47 |
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. |
47 |
ADFs not certified by APRA as complying with ADF conditions |
|
Assessed on income, including realised capital gains and certain rollover deposits. |
47 |
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. |
47 |
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 34% applies to contributions received that were for a member who has not quoted a TFN. |
34 |
For superannuation funds not certified by APRA as complying with superannuation fund conditions, an additional tax rate of 2% applies to contributions received that were for a member who has not quoted a TFN. |
2 |
Appendix 3: Rates of tax
Last updated 12 February 2019
QC44343