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  • How and when DASP is paid

    Your DASP will generally be paid within 28 days of receipt of your completed application. It may take longer if you submit an incomplete application or you are required to submit additional supporting documents.

    There are three possible payment options:

    • electronic funds transfer (EFT) to an Australian bank account
    • cheque
    • international money transfer (IMT) – for fund applications only.

    For ATO-held super, you can only choose EFT to an Australian bank account or cheque. Not all super funds offer the above payment options, and fees and charges (including currency conversion fees) may apply so check with your fund to see what payment options are available.

    How DASP is taxed

    A final DASP tax will be withheld from your payment when it is made. The payment may be made up of two components – a tax-free component, and a taxable component (that may have a taxed element and/or an untaxed element).

    DASP tax rates that apply to payments made from 1 July 2017

    Payment component

    DASP ordinary tax rate (for non-WHM)

    DASP WHM tax rate

    Tax-free component



    Taxable component – taxed element



    Taxable component – untaxed element



    The payer of the DASP must issue you a DASP payment summary within 14 days of making the payment. The DASP payment summary will tell you the amount of DASP tax that was withheld and the amount issued to you.

    From 1 July 2017, DASP payment summaries issued by us will have a 'H' indicator at the DASP type when the DASP WHM tax rate was applied. The indicator will be blank where the DASP ordinary tax rate was applied.

    Find out about:

    DASP paid by super funds

    If you believe your super fund has withheld an incorrect amount of tax from your DASP, you should contact your super fund and request a refund. You need to do this in the same financial year that your DASP was paid.

    If your request for a refund is made on or after 1 July of the following financial year in which your DASP was paid, you will need to lodge an objection to us in writing.

    DASP paid by us

    If your DASP was paid by us and you believe an incorrect amount of tax from your DASP has been withheld, you need to lodge an objection to us in writing.

    Next step:

    Don't include DASP in your tax return

    DASP does not form part of your assessable income for Australian tax purposes.

    A final tax is withheld from DASP when the payment is made – so do not include the DASP payment summary in your tax return.

      Last modified: 11 Dec 2017QC 24169