ato logo
Search Suggestion:

Appendix 3: Rates of tax

Last updated 27 May 2020

The following rates of tax apply to superannuation funds, ADFs and PSTs for the current income year.

Superannuation funds certified by APRA as complying

Details

Rate
%

Assessed on income, including realised capital gains and taxable contributions received

15

Assessed on income, for example, private company dividends (including non-share dividends) unless the amount is consistent with an arm's length dealing; see U Net non-arm’s length income, item 10

45

Funds that were a foreign superannuation fund in the prior year

Details

Rate
%

Assessed on income, including realised capital gains, taxable contributions and net previous income (assets less member contributions)

15

Superannuation funds not certified by APRA as complying

Details

Rate
%

Funds that were complying in the prior year
Assessed on income, including realised capital gains, taxable contributions received and any net previous income (assets less non-concessional contributions)

45

Funds that were not complying in the prior year
Assessed on income, including realised capital gains and taxable contributions received

45

Australian superannuation fund which was a foreign superannuation fund in the prior year
Assessed on income, including realised capital gains, taxable contributions and net previous income (assets less member contributions)

45

Superannuation funds that have not elected to be regulated under the Superannuation Industry (Supervision) Act 1993

Details

Rate
%

Assessed on income, including realised capital gains and taxable contributions received

45

ADFs certified by APRA as complying with ADF conditions

Details

Rate
%

Assessed on income, including realised capital gains and certain rollover deposits

15

Assessed on non-arm's-length income, for example, private company dividends (including non-share dividends) unless the amount is consistent with an arm's-length dealing; see U Net non-arm's length income, item 10

45

ADFs not certified by APRA as complying with ADF conditions

Details

Rate
%

Assessed on income, including realised capital gains and certain rollover deposits

45

Unit trusts certified by APRA as complying with conditions for PSTs

Details

Rate
%

Assessed on income, including realised capital gains and any liability attached to tax deductible contributions transferred from investing funds

15

Assessed on non-arm's-length income, for example, private company dividends (including non-share dividends) unless the amount is consistent with an arm's-length dealing; see U Net non-arm's length income, item 10

45

No-TFN-quoted contributions that are included in assessable contributions

Details

Rate
%

For superannuation funds certified by APRA as complying with superannuation fund conditions, an additional tax rate of 32% applies to contributions received that were for a member who has not quoted a TFN.

32

For superannuation funds not certified by APRA as complying with superannuation fund conditions, an additional tax rate of 2% applies to contributions received that were for a member who has not quoted a TFN.

2

QC62631