Show download pdf controls
  • Elect to be non-deductible (or revoke election)

    If you are a fund providing a defined benefit interest (excluding Commonwealth public sector superannuation schemes, or untaxed funds such as a constitutionally protected funds), you can elect to be a non-deductible fund, or to treat the defined benefit interest within your fund as non-deductible.

    Commonwealth public sector superannuation schemes, or untaxed funds, such as a constitutionally protected funds, are already prescribed by law to be non-deductible and do not need to make an election.

    For those funds wishing to make an election to be non-deductible, you must notify us of your election in the approved form before the start of the income year. For example, if you want to be a non-deductible fund for all member contributions for the 2017-18 year, you must make the election before 1 July 2017. The election will remain in place until you notify us to revoke it.

    Revoking an election to be a non-deductible fund must also be made in the approved form before the start of the income year.

    See also:

    Summary impacts for APRA-regulated funds

    If you are a prescribed (non-deductible) fund, your members won’t be able to claim a deduction for contributions made to your fund.

    You may receive an increase in questions from members asking whether your fund is not a non-deductible, untaxed or ineligible fund for PSCD purposes. If they're a member of a non-deductible super fund and wish to claim a deduction, they can choose to make a personal super contribution to another eligible super fund.

    Last modified: 29 May 2017QC 52295