We will use this address to send you correspondence. Abbreviate ‘care of’ to ‘C/–’ only.
5. Tax return status
Print X in the appropriate box.
We will use this information when updating our records. We will contact you if you answer ‘yes’ and we do not have an original tax return for 2014–15.
6. Trustee details
If applicable, print the name and ABN of the corporate trustee, referred to here as non-individual trustee.
7. Electronic funds transfer
We need the fund's financial institution details to pay any refund owing to the fund, even if you have provided them to us before.
Complete the following:
- the bank state branch (BSB) number, do not include spaces or hyphens; this six-digit number identifies the financial institution
- the account number, do not include spaces; this number should not have more than nine characters
- the account name, as shown on the fund's bank account records, with spaces between each word and between initials; if the fund's account name has more than 32 characters, provide the first 32 characters only.
Find out more
For more information about refunds, go to Substituted accounting periods.End of find out more
8. Status of fund or trust
Type of fund or trust
Print X in the box that best describes the type of fund or trust at balance date. Mark only one box. Table 1 may help you determine the type of fund or trust at balance date.
For the fund to be a complying superannuation fund it must be an ‘Australian superannuation fund’.
A superannuation fund is an Australian superannuation fund if it satisfies all three of the following tests:
- the fund was established in Australia, or at least one of the fund’s assets is located in Australia, and
- the central management and control of the fund is ordinarily in Australia, and
- the fund has no active members, or
- it has active members who are Australian residents and who hold at least 50% of:
- the total market value of the fund’s assets attributable to super interests held by active members, or
- the sum of the amounts that would be payable to or in respect of active members if they voluntarily ceased to be members.
Provided the fund satisfies all these tests at the same time at any point in the income year then, for income tax purposes, it is an Australian superannuation fund for the entire income year. However, to be a 'complying superannuation fund' in an income year, these three tests must be met throughout the income year.
A member is considered to be an active member of a fund if:
- they are a contributor to the fund, or
- contributions were made to the fund on their behalf and they are not covered by the next paragraph specifying who is not an active member.
A member on whose behalf contributions were made to the fund is not an active member if:
- they are not a resident of Australia
- they are not currently a contributor, and
- the only contributions that were made on their behalf after they ceased to be an Australian resident were made in relation to a time when they were an Australian resident.
The central management and control of a fund is ordinarily in Australia if the fund’s strategic and high level decisions are regularly made in Australia. These decisions are generally made by the trustees of the fund.
The fund will continue to meet the central management and control requirement in cases where the fund’s central management and control is temporarily (for a period of two years or less) outside Australia. However, if the central management and control of the fund is permanently outside Australia, it will not meet this requirement.
Print X in the No box at J if the fund does not meet the above definition of Australian superannuation fund at any time during the income year.
If the fund does not meet the above definition of Australian superannuation fund throughout the income year, the fund will lose its complying superannuation fund status, and a tax rate of 47% will apply to the fund’s taxable income for the income year (including the market value of all fund assets at the start of that income year).
Find out more
For the definition of an ‘Australian superannuation fund’, see TR 2008/9 Income tax: meaning of 'Australian superannuation fund' in subsection 295-95(2) of the Income Tax Assessment Act 1997.End of find out more
K Fund benefit structure
Print at K the appropriate code from table 2 that best describes the benefit structure of the fund.
Definition of Fund benefit structure
A fund is an accumulation fund if the fund provides its members with a benefit which is the total of:
This fund is considered an accumulation fund even if the fund or any of its accounts is supporting a superannuation income stream benefit.
A fund is a defined benefit fund if the fund provides its members with a benefit that is calculated from a formula based on a combination of factors, including the years of membership in the fund and average salary level over a specific time.
Unfunded defined benefit: similar to defined benefit, but the superannuation members’ benefits are unfunded. Only governments run unfunded defined benefit funds.
A fund is a hybrid fund if it has a combination of both accumulation and defined benefit members.
L Number of members
Print at L the total number of members or depositors (for ADFs) at the balance date.
Members for this item are persons:
- who are making contributions
- on whose behalf contributions are being made
- who are receiving pension entitlements, or
- who hold any deferred beneficiary accounts.
M Date of establishment
Print the date on which the fund was established.