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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.

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.

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.

Starting from 1 July 2025, the general transfer balance cap will increase from $1.9m to $2m, allowing further tax benefits for superannuation fund members.

The Labor Government hasn’t secured the necessary crossbench support to pass its proposed tax on superannuation accounts exceeding $3m. As of the most recent sitting of Parliament this week, the Bill has not been included in the government's list of priority legislation, raising questions about its viability and the likelihood of it being enacted into law.

The Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2024 was passed by Parliament and received Royal Assent on 28 June 2024.

The new financial year brings many changes and thresholds that trustees and members of a Self-Managed Super Fund (SMSF) need to be aware of.

One of the fundamental rules for a self-managed superannuation fund (SMSF) is the general prohibition on borrowing.