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Section B: Income

Last updated 12 February 2019

This section deals with all income the fund received, or was entitled to receive, during the 2009-10 income year. Do not show cents for any amount you write at this section on your tax return.

Is the fund a complying or non-complying fund?

The compliance status of the fund affects how you report income and the tax rates that apply. A fund is a complying superannuation fund unless APRA issues the fund with a Notice of non-compliance. If the fund is a regulated superannuation fund and you have not received a notice of non-compliance, then the fund is a complying fund.

How GST affects the tax return

If the fund is registered for GST purposes, exclude the GST amount from the income you show on the tax return. The deductions you show are also reduced by the GST amount.

If the fund is not registered for GST purposes or is not entitled to an input tax credit, the deductions you show are the GST-inclusive amounts that the fund incurred. Special rules apply to GST adjustments. To register for GST apply online at abr.gov.auExternal Link

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