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  • Appendix 3: Rates of tax

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

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

    Superannuation funds certified by the Tax Office or APRA as complying with superannuation fund conditions

    Details

    Rate

    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

    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 the Tax Office or APRA as complying with superannuation fund conditions

    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 undeducted 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

    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, 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

    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, 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

    Details

    Rate

    For superannuation funds certified by APRA or the Tax Office 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 Tax Office 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%
    Last modified: 29 Jul 2020QC 21714