Completing the return
You must answer all questions that apply to you, or are mandatory, or require a yes or no answer.
Where a question is not mandatory and does not apply to you, leave the answer box blank.
Where a question requires a yes or no answer, print X in the relevant box.
Print neatly in BLOCK LETTERS, using a black pen.
Print one character per box and do not write outside the boxes provided.
Do not use correction fluid or tape. If you make an error on the tax return you will need to get a new tax return and start again.
You may photocopy the tax return for the fund’s records, but you must send us the original.
Australian Prudential Regulation Authority regulated superannuation funds
Superannuation funds that were regulated by APRA at any time during the income year ending 30 June 2020 must use the Fund income tax return 2020 to lodge their tax return.
Self-managed superannuation funds
Superannuation funds that are self-managed superannuation funds (SMSFs) under the Superannuation Industry (Supervision) Act 1993 (SISA) at 30 June 2020 must use the Self-managed superannuation fund annual return 2020 to lodge information relating to income tax, regulatory and member contribution details. This includes an SMSF that was non-complying in 2019–20 or that was established or wound up during 2019–20.
Generally, a superannuation fund with more than one member is an SMSF if:
- the fund has 2 to 4 members
- no member of the fund is an employee of another member of the fund unless they are related
- each member of the fund is a trustee and each trustee is a member of the fund
- no trustee of the fund receives any remuneration for their services as a trustee of the fund.
Alternatively, a superannuation fund that has more than one member and a company as the trustee (known as a corporate trustee) is an SMSF if:
- the fund has 2 to 4 members
- each member of the fund is a director of the company and each director of the company is a member of the fund
- no member of the fund is an employee of another member of the fund unless they are related
- the company does not receive any remuneration for its services as a trustee
- no director of the company receives any remuneration for the services performed as a director in relation to the fund.
A superannuation fund with only one member is an SMSF if:
- the member of the fund is a trustee and there is a second trustee who is either a relative of the member or is not the member's employer
or - a company is the trustee of the fund and the member is the sole director of the company or there is a second director of the company and that other director is a relative of the member or is not the member's employer, and
- no remuneration is received by a trustee or director for their services to the fund.
Continue to: Section A: Fund information.