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  • Superannuation funds



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    This chapter provides information on superannuation funds as reported on their fund income tax returns. Superannuation funds hold contributions in trust and invest these contributions to provide retirement benefits for their members.

    Broadly, the fund taxpayer population is divided into two categories: non-regulated funds and regulated funds. Only regulated funds (as defined under the Superannuation Industry (Supervision) Act 1993) qualify as complying superannuation funds for tax purposes and receive tax concessions. Regulated funds can be one of six types: self managed superannuation funds, small APRA (Australian Prudential Regulation Authority) funds, corporate or employer-sponsored funds, industry funds, retail funds or public sector funds.

    Most funds with fewer than five members are self managed superannuation funds. These funds are regulated by the Tax Office. Small APRA funds are small funds (with less than five members) regulated by APRA. Corporate, industry, retail and public sector funds are superannuation funds with more than four members, and may be either public offer or non-public offer funds. They are generally established for the benefit of employees of a sponsoring employer. In this chapter they have been aggregated into a category called 'large fund types'.


    For the 2005-06 income year:

    • 285,784 funds lodged returns, a 6.6% increase from 2004-05
    • funds reported total income of $102.9 billion, a 26.5% increase from 2004-05
    • total fund deductions were $28.9 billion, a 21.8% increase from 2004-05, and
    • funds were liable for $6.7 billion in net tax, a 39.1% increase from 2004-05.
      Last modified: 18 Mar 2008QC 20124