Our latest insights

The Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 and Superannuation (Building a Stronger and Fairer Super System) Imposition Bill 2026 were passed by the House of Representative on 5 March 2026, and subsequently passed through the Senate late on 10 March 2026, with no further changes and will take effect from 1 July 2026.

There is positive news for individuals looking to grow their superannuation balance. In addition to the general transfer balance cap increasing from $2m to $2.1m, the concessional and non-concessional contribution caps are also set to increase from 1 July 2026.

Treasury has released the most recent rework of the proposed Division 296 tax. Although it has provided some much-needed relief from the original draft, the rework now includes addition hurdles requiring careful planning and consideration.

Starting from 1 July 2026, the general transfer balance cap will increase from $2m to $2.1m, allowing further tax benefits for superannuation fund members.

Treasurer Jim Chalmers has announced a significant rework of the Federal Government’s stalled superannuation tax increase proposal following widespread review from industry and stakeholders.

Recent data from the Class Annual Benchmark Report 2025 reveals a powerful trend, which has seen Australians – especially younger generations – increasingly turning to Self-Managed Superannuation Funds (SMSFs) to take control of their financial futures.

The Superannuation Legislation Amendment (Tackling the Gender Super Gap) Bill 2025 presents the opportunity to evenly split superannuation balances amongst spouses.

While the Division 296 tax is still yet to be legislated, it’s looking likely the tax will be introduced. For individuals who may be impacted by the change, it’s critical to understand how different scenarios might play out and what they should consider.

Following the recent election victory of the Labor Party, it’s likely the Division 296 tax bill will be reintroduced and passed. The results saw government win the control of the House of Representatives as well as the Senate, which will also be controlled with the help from the Greens.

Having funds in superannuation is a great financial structure from a tax perspective. Despite this being a great vehicle to invest your money, you should be aware of the potential tax that applies to certain beneficiaries of your super upon your death.

The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 and the Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023 were introduced in the Parliament of Australia yesterday, 30 November 2023.

As we approach the Federal Budget on 9 May, we share our insights on the implications of the Government’s recently announced Better Targeted Superannuation Concessions.