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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 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 U Net non-arm’s length income, item 10

    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
    Last modified: 27 May 2021QC 64893