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Latest update on Division 296 tax as we begin 2026
Client Alert Latest update on Division 296 tax as we begin 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.
Simon Gow
Adriarnne Ede
| 10 min read |
Government unveils overhaul of superannuation tax reform proposal
Client Alert Government unveils overhaul of superannuation tax reform proposal
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.
Simon Gow
Paul Banister
Adriarnne Ede
| 7 min read |
Findings from the Class Annual Benchmark Report 2025
Client Alert Findings from the Class Annual Benchmark Report 2025
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.
Simon Gow
Adriarnne Ede
| 5 min read |
Tackling the gender super gap: Bill introduced to allow superannuation splitting
Client Alert Tackling the gender super gap: Bill introduced to allow superannuation splitting
The Superannuation Legislation Amendment (Tackling the Gender Super Gap) Bill 2025 presents the opportunity to evenly split superannuation balances amongst spouses.
Simon Gow
Adriarnne Ede
| 4 min read |
Division 296 demystified and examples of its potential impact
Insight Division 296 demystified and examples of its potential impact
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.
Adriarnne Ede
Simon Gow
| 6 min read |
Likely the Division 296 tax bill will be reintroduced and passed
Client Alert Likely the Division 296 tax bill will be reintroduced and passed
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.
Simon Gow
Adriarnne Ede
| 4 min read |
Tax on superannuation death benefits
Insight Tax on superannuation death benefits
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.
Simon Gow
Adriarnne Ede
| 5 min read |
Update on the proposed Superannuation Division 296 tax
Client Alert Update on the proposed Superannuation Division 296 tax
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.
Simon Gow
| 2 min read |
Introduction of $3m Super Tax Bills effective 1 July 2025
Client Alert Introduction of $3m Super Tax Bills effective 1 July 2025
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.
Simon Gow
Adriarnne Ede
| 3 min read |