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Div 296 is now law – what you need to know before it starts on 1 July 2026

19 Mar 2026
After a long journey from when the Federal Government first announced this measure in early 2023, the Government’s ‘Building a Stronger and Fairer Super System’ measure - commonly called Division 296 tax - has completed its parliamentary passage, received Royal Assent on 13 March 2026 and will commence on 1 July 2026. For SMSF trustees and practitioners this change is significant: it alters how certain superannuation earnings will be taxed and triggers a number of practical compliance and planning issues you should address before the measure starts.
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Division 296 Draft Regulations: What They Mean for SMSF Trustees and Actuaries

18 Mar 2026
Today Treasury released the draft regulations supporting the Building a Stronger and Fairer Super System Act 2026, the legislation that gives effect to the Division 296 tax, with submissions due by 7 April 2026. For advisers and accountants with clients approaching or above the $3 million total superannuation balance threshold, this is an important development, and one that we have been closely tracking.
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What is an actuarial certificate and when is it required

11 Mar 2026
Follow your path to find out if your fund needs an actuarial certificate for income years on or after 2017-18.
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Transfer Balance Cap Indexation from 1 July 2026

29 Jan 2026
Following the release of the December 2025 quarterly CPI figures the general transfer balance cap (TBC) will increase from $2,000,000 to $2,100,000 from 1 July 2026. This could provide tax effective retirement pension and non concessional contribution opportunities for some of your clients.
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The Division 296 tax do-over 

8 Jan 2026
On what was the last business day for many firms before they closed for two weeks (Friday 19 December 2025) for the Christmas/New Year break, Treasury released the Bill for the revised Division 296 — Better Targeted Superannuation Concessions measure. They also advised that the consultation period for the revised Bill would close on January 16, 2026. With such timing, those of my era would have thought that someone had been watching an episode of Yes Prime Minister and would have also expected the expulsion of 76 foreign diplomats (For those interested: Series 1, Episode 8, “One of Us”).
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Accurium insights from Class SMSF retiree data 

27 Nov 2025
This year Accurium was again invited to participate in the Class Benchmark Report being given the opportunity to conduct an analysis of FY25 pension data sourced from Class. Our analysis brought to life risks and opportunities for SMSF professionals and trustees navigating planning for retirement. Our key findings are outlined below:
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Government announces changes to Div 296

16 Oct 2025
On 13 October 2025 the Federal Treasurer announced substantial changes to the proposed Division 296 measure. The Government has moved from a total superannuation balance change methodology to a fund level realised earnings approach, introduced a second (higher) threshold at $10 million, indexed both thresholds, and deferred commencement to 1 July 2026 to allow consultation and implementation work.
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Why lifetime income products can be a game changer for retirement advice

12 Sep 2025
In the shifting landscape of retirement planning, advisers are under increasing pressure to deliver strategies that balance managing key retirement risks, flexible access to savings, and maximising retirement income that is sustainable for life.
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The Risks and Realities of Retrospective Law: Division 296 and the Superannuation Confidence Dilemma

18 Aug 2025
As debate resumes post-election, Australia’s proposed Division 296 measure, which introduces an additional 15 per cent tax on superannuation earnings for total balances exceeding $3 million, remains in limbo.
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Timing is Everything: When Should SMSFs Adopt Tax Effect Accounting for Division 296?

15 Jul 2025
With the anticipated introduction of the proposed Div 296 tax, SMSF trustees and their advisers face significant new considerations for the 2025–26 income year and beyond. The Div 296 tax is set to impose an additional 15 per cent tax on individuals whose total superannuation balance exceeds $3 million, based on the movement in that balance between 30 June 2025 and subsequent 30 June dates. This measure squarely puts the spotlight on how SMSF member balances are determined and reported, and the timing of any transition to tax effect accounting becomes critical.
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SMSF contributions and annual financial statements for 2024–25: Key issues for accountants

11 Jul 2025
As 30 June comes into focus, accountants responsible for preparing SMSF annual financial statements need to be acutely aware of the technical and compliance considerations relating to superannuation contributions. Below, we summarise the most relevant issues SMSF accountants should address when it comes to contributions, ensuring both superannuation compliance and accurate income tax reporting.
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Legacy pensions highlight need for deferral of Division 296 commencement 

1 Jul 2025
As SMSF trustees and advisers grapple with the expected start of Division 296, a technical storm is brewing for clients holding legacy pensions. The introduction of new regulations from December 2024 has made the commutation of legacy income streams more attractive, however members may face significant costs due to how Division 296 tax assesses the total superannuation balance of these pensions.
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