complying superannuation fund
Definition
a superannuation fund which qualifies for the concessional tax rates. Under legislation, only a regulated superannuation fund which meets the operational standards set down by the Government can be a complying fund. If a fund is not a regulated superannuation fund and/or is non-complying, it is ineligible for the taxation concessions.
Related Terms
See also regulated superannuation fund , superannuation fund or plan or scheme , Superannuation Industry (Supervision) Act