An application for a superannuation fund transaction can be self-assessed if:
- the transaction was entered into on or after 27 May 2015
- the transfer was for consideration only
- the transferor is a member of the fund and
- if there are other members of the fund, the property is not pooled with the other member’s assets.
This applies to transfers of land, and agreements to transfer land, from a member of a superannuation fund to a trustee, or a custodian of a trustee, of a superannuation fund for consideration.
Nominal duty applies to these transactions where the criteria of section 122 of the Duties Act are satisfied.
If self-assessing a superannuation fund transaction, the lodging party must retain a copy of the superannuation fund deed and any amending deeds as these may need to be provided as evidence in the course of an audit or investigation.
Use this checklist to see if the transaction can be self-assessed.
- The answers provided by your client must be used when entering the transaction details into Online Duties.
- Please retain a copy of the checklist for auditing purposes.
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