The Blistering Growth Superannuation Fund (a complying fund) made the following payments.

                             

	Payments ($)	Deduction ($)
Fund administration expenses	19000
Accounting fees, relating to the 2018/19 financial report	2200
Legal costs, relating to changes to the funds trust deed	2500
Insurance premiums, for death and disability cover of members	7300
Repairs, for rental properties held by the fund	800
Lump sum benefits paid to members	41000
Placement fees, relating to the commencement of new investments	20000
Fund lodgement fees	2000
Late lodgement penalties	400

Calculate the deductions available to the fund.

Answer rating: 100% (QA)

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