Div296 – has passed the Senate

Yesterday the Div296 legislation, which is an additional tax on the earnings of those with higher super balances, passed the Senate. The new tax will apply from 1 July 2026 ie the 2026/7 year. It will tax a proportion of earnings where an individual’s super balance is more than $3m at an additional 15%. For… Read More Div296 – has passed the Senate

March 11, 2026 Lindsay BridglandLeave a comment

Div296 update – Oct 25

After what seems like years of discussions about the proposed Div296 tax on large super balances, this week a few changes have been made which seem to address the main concerns. The good news is that the tax will no longer tax unrealised gains (this was potentially going to give some cashflow issues), and the… Read More Div296 update – Oct 25

October 16, 2025March 11, 2026 Lindsay BridglandLeave a comment

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Tag: Div296

Div296 – has passed the Senate

Div296 update – Oct 25