Superannuation 2012

Strategies for satisfying the Australian residency tests for SMSFs

Source: Taxation In Australia Journal Article

Published Date: 1 Nov 2012


This article will provide a number of novel strategies for ensuring that self-managed superannuation funds satisfy the Australian residency requirements when members depart Australia for more than two years or if they become non-residents for tax purposes. A fund that fails to satisfy the Australian residency requirements will become a non-complying fund and therefore forgo the beneficial tax treatment pertaining to complying superannuation funds. Furthermore, the fund will be subject to a 45% tax on the entire market value of the funds’ assets in the year it loses and gains its residency.

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Superannuation 2012

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