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Deductions for APRA-regulated super funds

Guidance for funds and their tax advisers about the deductibility of the various expenses.

Last updated 30 August 2017

APRA-regulated superannuation funds incur various expenses that may be tax-deductible. The deductibility of expenses incurred by a super fund is determined under the general deduction provisionFootnote1 (general deduction) or a specific deduction provisionFootnote2 (specific deduction) of the income tax laws.

The following information provides general guidance on deductions, and examples of common expenses and how to apportion them. It includes links to relevant legal provisions and advice. Footnotes provide details on the relevant sections of the Income Tax Assessment Act 1997, sections of Superannuation Industry (Supervision) Act 1993, ATO ID 2012/47, TR 2010/1, and TR 2004/2.

See also:

 

Footnote 1
Section 8–1 of the Income Tax Assessment Act 1997

Return to footnote 1 referrer

Footnote 2
Division 25 of the Income Tax Assessment Act 1997 contains some specific deduction provisions

Return to footnote 2 referrer

The following expenses are generally deductible to a super fund.

Understand how to determine whether an expense is capital or capital in nature.

Understand when expenses need to be apportioned.

Understand the types of expenses may be deductible for an APRA-regulated super fund.

QC53121