Fund income tax return instructions 2011

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 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