INCOME TAX RATES ACT 1986

PART III - RATES OF INCOME TAX PAYABLE UPON INCOMES OF COMPANIES, PRESCRIBED UNIT TRUSTS, SUPERANNUATION FUNDS, CERTAIN OTHER TRUSTS AND SOVEREIGN ENTITIES  

SECTION 26   RATES OF TAX PAYABLE BY TRUSTEES OF SUPERANNUATION FUNDS  

26(1)   [Complying superannuation fund]  

The rates of tax payable by a trustee of a complying superannuation fund in respect of the taxable income of the fund are:


(a) in respect of the low tax component - 15%; and


(b) in respect of the non-arm ' s length component - 45%.

26(2)   [Non-complying superannuation fund]  

The rate of tax payable by a trustee of a non-complying superannuation fund in respect of the taxable income of the fund is 45%.




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