INCOME TAX RATES ACT 1986 - SECT 26 Rates of tax payable by trustees of superannuation funds

INCOME TAX RATES ACT 1986 - SECT 26

             (1)  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%.

             (2)  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%.