How these instructions can help you to complete the Fund income tax return 2023.
All superannuation entities, other than self-managed superannuation funds (SMSFs), must complete the Fund income tax return 2023.
These instructions are not a guide to income tax or superannuation law. If these instructions do not fully cover the fund's circumstances, contact us or a registered tax adviser.
These instructions only cover:
- Australian Prudential Regulation Authority (APRA) regulated funds
- non-regulated superannuation funds
- pooled superannuation trusts (PSTs).
The instructions and form may refer more generally to funds other than where a more specific mention of an entity type is warranted.
These instructions do not cover reporting obligations for superannuation that, where required, must be reported separately.
SMSFs need to lodge the Self-managed superannuation fund annual return 2023 (NAT 71226).
When we refer to ‘you’ in these instructions, we are referring to you either as:
- the trustee of the fund
- the tax agent or trustee responsible for completing the tax return.
The Fund income tax return instructions 2023 are not available in print.
You can create and save a PDF copy (771 KB) from this webpage – select the PDF icon in the right-hand corner of this page, then select Save as PDF.
To get the Fund income tax return 2023, there are 2 ways:
- Download Fund income tax return 2023 (NAT 71287, PDF 683 KB).
- Order a copy through the ATO Publication Ordering service – search by typing in either, the NAT number '71287' or the form name 'Fund income tax return'.
The ATO is authorised to ask for information on the Fund income tax return form 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 income tax return. See, Privacy notice – Fund income 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 Services Australia, regulatory bodies such as the Australian Securities & Investments 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 the Fund has an Australian business number (ABN), we are authorised by the A New Tax System (Australian Business Number) Act 1999 and other taxation laws to collect certain information relating to your entity. We may use business details supplied on the tax return to update the information held in the Australian Business Register (ABR) in relation to your fund. This may include cancelling the ABN if your fund is no longer entitled to be registered in the ABR.
Where authorised by law, selected information on the ABR may be made publicly available and some may be passed on to other Commonwealth, state, territory and local government agencies. These agencies may use ABR information for purposes authorised by their legislation or for carrying out other functions of their agency. Examples of possible uses include registration, reporting, compliance, validation and updating of databases.
You can find details of agencies that regularly receive information from the ABR at abr.gov.auExternal Link or you can phone them on 13 92 26 between 8:00 am and 6:00 pm Monday to Friday except on public holidays to have a list of the agencies sent to you.
For more information about privacy, the information we collect and how it may be used, see the ABR privacy statementExternal Link.
If you are the person authorised to sign the income tax return, we collect some personal information about you on the Fund income 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 income 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.
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 5 years, but this period may be longer in certain circumstances.
For more details and references, see Record keeping requirements.
Continue to: How to lodge and pay