About these instructions
Fund income tax return instructions 2014 will help you complete the Fund income tax return 2014 (NAT 71287). The instructions also cover:
- the schedules you must complete and attach to the tax return
- record-keeping requirements.
When we refer to ‘you’ in these instructions, we are referring to you either as the trustee of the fund or as the tax agent or trustee responsible for completing the tax return. This publication is not a guide to income tax or superannuation law. Seek help from us or a registered tax adviser if this publication does not fully cover the fund's circumstances.
These instructions cover only Australian Prudential Regulation Authority (APRA) regulated and non-regulated superannuation funds and pooled superannuation trusts (PSTs) that use the Fund income tax return 2014 to meet their tax obligations. The instructions and return form may refer more generally to funds other than where more specific mention of an entity type is warranted. Where required, a separate Super member contributions statement (NAT 71334) must be lodged with us.
Self-managed superannuation funds need to meet their tax and regulatory obligations by lodging the Self-managed superannuation fund annual return 2014 (NAT 71226).
The ATO is authorised to ask for information on the Fund income tax return 2014 by the Taxation Administration Act 1953, the Superannuation Industry (Supervision) Act 1993, the Income Tax Assessment Act 1936 and the Income Tax Assessment Act 1997. We use this information to help us administer the superannuation and taxation laws and for statistical purposes. If you do not provide this information, there may be a delay in processing the fund tax return.
Where authorised by law to do so, we may give the information in the tax return to other government agencies, including assistance agencies such as the Department of Human Services, regulatory bodies such as the Australian Securities and Investment Commission and the Australian Prudential Regulation Authority, law enforcement agencies and the Australian Bureau of Statistics.
We are authorised by the Taxation Administration Act 1953 to request tax file numbers (TFNs). We use TFNs to identify funds in our records. It is not an offence not to provide a TFN. However, if you do not provide a TFN, there may be a delay in processing the tax return.
If you have an Australian business number (ABN), some information on this form is collected for the purpose of the A New Tax System (Australian Business Number) Act 1999. We use the information to update your details on the Australian Business Register (ABR). Where authorised by law, we may make selected information publicly available and may pass on certain information to other Commonwealth, state and local government agencies. You can find details of the agencies regularly receiving information from the ABR at abr.gov.auExternal Link You can also phone us on 13 26 66 between 8:00am and 6:00pm, Monday to Friday to request a list of the agencies.
If you are the person authorised to sign the income tax return, we collect some personal information about you on the fund tax return such as your name and contact details. That information allows us to contact you if we require more information on what you have provided on the fund tax return.
We also provide taxpayer information to treaty partners overseas under international tax agreements with many other countries. There is more information about these treaties at International tax agreements.
GPO Box 9990
[insert the name and postcode of your capital city]
GPO Box 9990
SYDNEY NSW 2001
Publications and services
To find out how to get a publication referred to in these instructions and for information about our other services, see Publications, Tax Determinations and Rulings.
Funds must keep records, in English, in writing or electronically. The records must be in a form that we can access and understand. Generally, funds must keep all relevant records for at least five years, but this period may be longer in certain circumstances.
For more details and references, see Record keeping requirements.