Appendix 3: Rates of tax

Use Appendix 3 for information about the rates and tax that apply.

Last updated 15 September 2024

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

Superannuation funds certified by APRA as complying
Details	Rate
Assessed on income, including realised capital gains and taxable contributions received	15%
Assessed on income, for example, private company dividends (including non-share dividends) unless the amount is consistent with an arm's length dealing; see item 10 – label U Net non-arm’s length income	45%

Funds that were a foreign superannuation fund in the prior year
Details	Rate
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
Details	Rate
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 other than exempt public sector superannuation schemes that have not elected to be regulated under the *Superannuation Industry (Supervision) Act 1993*
Details	Rate
Assessed on income, including realised capital gains and taxable contributions received	45%

ADFs certified by APRA as complying with ADF conditions
Details	Rate
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, item 10	45%

ADFs not certified by APRA as complying with ADF conditions
Details	Rate
Assessed on income, including realised capital gains and certain rollover deposits	45%

Unit trusts certified by APRA as complying with conditions for PSTs
Details	Rate
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, item 10	45%

No-TFN-quoted contributions that are included in assessable contributions
Details	Rate
For superannuation funds certified by APRA as complying with superannuation fund conditions, an additional tax rate of 32% applies to contributions received that were for a member who has not quoted a TFN.	32%
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%

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