• Companies and super funds

    Lodgment and payment

    The lodgment due dates for companies and super funds are displayed on all client listings generated by the end of July 2016. We no longer issue separate letters to these taxpayers.

    You can get payment slips by:

    Next steps:

    SMSFs must lodge an SMSF annual return and pay a supervisory levy. For the 2015–16 income year, they must include the levy amount in their income tax calculation and make their payment (if required) using standard payment methods.

    Unless the fund is being wound up, we cannot process returns for SMSFs that have no assets. Do not lodge these returns or pay the $180 levy.

    30 June balancers

    Table: Lodgment and payment due dates for 30 June balancing companies and super funds

    Due date for lodgment

    Due date for payment

    Description

    31 October 2016

    1 December 2016

    Entities with one or more prior year returns outstanding as at 30 June 2016.

    31 October 2016

    1 December 2016

    Entities prosecuted for non-lodgment of prior year tax returns and advised of a lodgment due date of 31 October 2016.

    31 October 2016

    1 December 2016

    Entities that may be required to lodge early.

    1 December 2016

    As per notice of assessment

    Companies that are not full self-assessment (NFSA) taxpayers.

    Note: Companies not subject to full self-assessment include agents for non-resident insurers and re-insurers, and overseas shipping companies.

    15 January 2017

    1 December 2016

    Large/medium taxpayers whose 2015 tax return was taxable – unless required earlier.

    28 February 2017

    28 February 2017

    Subsidiary member of a consolidated group that has exited the consolidated group in the financial year.

    Large/medium taxpayers whose 2015 tax return was non-taxable. This includes entities whose 2015 tax return was made not necessary by 30 June 2016.

    Large/medium taxpayers established between 1 July 2014 and 30 June 2015 and the 2015 tax return is not necessary and you advised us that a tax return was not necessary.

    New registrant large/medium taxpayers.

    Head companies of consolidated groups that are new registrants.

    Note: If the new registrant is a head company of a consolidated group, it is important to refer to Consolidated groups. In some instances, the company may need to lodge using the arrangements for a large entity

    New registrant SMSF.

    31 March 2017

    31 March 2017

    Entities with total income in the 2014–15 year of more than $2 million unless required earlier.

    15 May 2017

    15 May 2017

    Entities that may not have an obligation to lodge.

    Entities who are subsidiary members of a consolidated group that has been consolidated for a full year. These clients should not have an obligation to lodge.

    Non-profit organisations that assess that they have a requirement to lodge and have not been allocated an earlier lodgment due date.

    Note: Entities must assess their obligation to lodge a tax return on an annual basis

    New registrants, excluding large/medium taxpayers, head companies of consolidated groups and SMSFs.

    All remaining entities that are tax agent clients.

    5 June 2017

    5 June 2017

    Tax return for companies and super funds who were non-taxable or received a credit assessment in the latest year lodged, and are actually non-taxable or receiving a credit assessment in the current year (unless due earlier) – all entities with a lodgment end date of 15 May 2017 except large/medium taxpayers or head companies of consolidated groups.

    Note: This is not a lodgment end date but a concessional arrangement where penalties will be waived if lodgment is made by this date.

    Companies and super funds with an approved SAP

    You can display lodgment due dates on client lists requested by the ELS and the Tax Agent Portal for SAP clients.

    Table: Companies and super funds with an approved SAP – dates based on the end of the applicable balancing period  

    Due date for lodgment

    Due date for payment

    Description

    1st day of 6th month after the end of the income year

    On the notice of assessment

    Entities that are NFSA companies operating on an approved SAP

    Note: Companies not subject to full self-assessment include agents for non-resident insurers and re-insurers, and overseas shipping companies

    15th day of 7th month after the end of the income year

    1st day of 6th month after the end of the income year

    Entities that may not have an obligation to lodge, operating on an approved SAP

    15th day of 7th month after the end of the income year

    1st day of 6th month after the end of the income year

    Entities operating on an approved SAP, with one or more prior year returns outstanding

    15th day of 7th month after the end of the income year

    1st day of 6th month after the end of the income year

    Entities operating on an approved SAPThese entities assess their requirement to lodge

    15th day of 7th month after the end of the income year

    1st day of 6th month after the end of the income year

    Entities operating on an approved SAP that are a subsidiary member of a consolidated group that has been consolidated for a full year. These clients should not have an obligation to lodge

    15th day of 7th month after the end of the income year

    1st day of 6th month after the end of the income year

    Entities operating on an approved SAP and that are a subsidiary member that has exited from a consolidated group in the financial year

    15th day of 7th month after the end of the income year

    1st day of 6th month after the end of the income year

    Entities operating on an approved SAP

    Head companies of consolidated groups that are new registrants operating on an approved SAP

    Not full self-assessment taxpayers (NFSA)

    Separate payment and lodgment arrangements apply to companies that are not full self-assessment (NFSA) taxpayers.

    Table: Companies shown with their Australian and New Zealand Standard Industrial Classification (ANZSIC) code that are NFSA taxpayers

    ANZSIC code

    Industry

    Income Tax Assessment Act 1936 reference

    99020

    Overseas shipping

    Section 129

    99050

    Insurance and re-insurance with a non-resident

    Sections 144 and 148

    99070

    Control of non-resident’s money

    Section 255

    Entities that are NFSA taxpayers must lodge their tax returns by the first day of the sixth month after the end of their balancing period.

    Table: Due dates for payment (similar to those for individuals and trusts)

    If…

    then…

    the tax return is lodged on or before the lodgment due date

    payment will be due on the later of either 21 days after the:

    • relevant lodgment due date
    • notice of assessment is deemed received (which is three days after issue)
     

    the tax return is lodged late

    any tax is payable 21 days after the due date for lodgment

    the tax return is not lodged at all and a default assessment is issued

    any tax is payable 21 days after the due date for lodgment

    You can find the due date for payment on the notice of assessment.

    Last modified: 01 Jul 2016QC 34562