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  • Large super funds income tax gap 2015-16

    The large superannuation (super) funds income tax gap is the difference between the total income tax collected and the amount we estimate would have been collected if every taxpayer was fully compliant.

    For the purposes of tax gap estimates, large super funds are funds regulated by APRA with five or more members. They typically have thousands or even millions of members as opposed to small APRA funds (SAF) who have less than five members and have similar characteristics to self-managed super funds (SMSFs).

    Our estimate of the net income tax gap covers a six-year period between 2010-11 and 2015-16. We used actual compliance results from the 2011 to 2013 income years and projected results to estimate the gaps for 2014 to 2016 due to the time lag in starting and completing compliance activities.

    For 2015-16, we estimate the net large super income tax gap to be $127 million or 1.5% of the theoretical tax liability.

      Last modified: 10 Jan 2020QC 61086