Humble Goode Financial | Blog

As the tax operates at a member level, assessments of the tax will be issued to the member and not to the super fund.  The member can either pay the assessed tax personally or have the tax paid by their super fund on their behalf (with the super fund debiting the member’s account with the payment).  The operation of the new tax will be very similar to the current operation of Division 293.  Consequently, the ATO will initiate the tax assessments, the member will not be required to lodge any returns in relation to the tax.