FNSACC601 Quiz 6 - Superannuation Funds 89.29
out of 100.00 with corrections (Prepare and administer
tax documentation for legal entities) Monarch Institute
HOLIDAY NOTICE: LIMITED SUPPORT (20 DEC – 4
JAN)
Please be advised that from Saturday 20th December to Sunday 4th January, Trainer
and Student Services availability will be limited.
Please allow extra time for responses. Thank you and enjoy the break!
Started on Saturday, 3 January 2026, 6:19 PM
State Finished
Completed on Saturday, 3 January 2026, 6:25 PM
Time taken 5 mins 47 secs
Marks 25.00/28.00
Grade 89.29 out of 100.00
Feedback Sensational! - You have shown an indepth understanding of this
material, and have achieved an excellent result. Well done.
Question 1
Which of the following superannuation contributions are assessable
Correct
income in the hands of a superannuation fund?
Mark 1.00 out of
1.00 Select one:
a. Contributions made by a member on behalf of their spouse
b. Contributions made on behalf of a temporary resident
c. A Superannuation Guarantee shortfall received from the ATO
d. Co-contributions received from the Government
e. None of the answers are correct
, Question 2
Which of the following is true of capital gains for a complying
Correct superannuation fund?
Mark 1.00 out of
1.00 Select one:
a. Capital losses realised by a superannuation fund may be
carried forward to be used in later years
b. Superannuation funds are not eligible for any discount on
capital gains
c. Assets acquired before 20 September 1985 will not be subject
to capital gains when sold
d. Capital gains may be subject to a discount of 50%
e. None of the answers are correct
Question 3
Which of the following sources of income would be included in the
Incorrect
non-arm's length component of a fund?
Mark 0.00 out of
1.00 Select one:
a. Rent received from a commercial investment property
b. Dividends from a public company
c. None of the answers are correct
d. Capital gains from shares sold to another superannuation
fund
e. Income distributions from a listed unit trust
Question 4
Which of the following is not subject to a tax rate of 45%?
Correct
Mark 1.00 out of
Select one:
1.00 a. None of the answers are correct
b. Non-arm's length component of a complying fund
c. Excessive dividends received from a private company
d. Taxable income of a noncomplying fund
e. Contributions in excess of the concessional rate cap
out of 100.00 with corrections (Prepare and administer
tax documentation for legal entities) Monarch Institute
HOLIDAY NOTICE: LIMITED SUPPORT (20 DEC – 4
JAN)
Please be advised that from Saturday 20th December to Sunday 4th January, Trainer
and Student Services availability will be limited.
Please allow extra time for responses. Thank you and enjoy the break!
Started on Saturday, 3 January 2026, 6:19 PM
State Finished
Completed on Saturday, 3 January 2026, 6:25 PM
Time taken 5 mins 47 secs
Marks 25.00/28.00
Grade 89.29 out of 100.00
Feedback Sensational! - You have shown an indepth understanding of this
material, and have achieved an excellent result. Well done.
Question 1
Which of the following superannuation contributions are assessable
Correct
income in the hands of a superannuation fund?
Mark 1.00 out of
1.00 Select one:
a. Contributions made by a member on behalf of their spouse
b. Contributions made on behalf of a temporary resident
c. A Superannuation Guarantee shortfall received from the ATO
d. Co-contributions received from the Government
e. None of the answers are correct
, Question 2
Which of the following is true of capital gains for a complying
Correct superannuation fund?
Mark 1.00 out of
1.00 Select one:
a. Capital losses realised by a superannuation fund may be
carried forward to be used in later years
b. Superannuation funds are not eligible for any discount on
capital gains
c. Assets acquired before 20 September 1985 will not be subject
to capital gains when sold
d. Capital gains may be subject to a discount of 50%
e. None of the answers are correct
Question 3
Which of the following sources of income would be included in the
Incorrect
non-arm's length component of a fund?
Mark 0.00 out of
1.00 Select one:
a. Rent received from a commercial investment property
b. Dividends from a public company
c. None of the answers are correct
d. Capital gains from shares sold to another superannuation
fund
e. Income distributions from a listed unit trust
Question 4
Which of the following is not subject to a tax rate of 45%?
Correct
Mark 1.00 out of
Select one:
1.00 a. None of the answers are correct
b. Non-arm's length component of a complying fund
c. Excessive dividends received from a private company
d. Taxable income of a noncomplying fund
e. Contributions in excess of the concessional rate cap
