News : Division 296

Full impact of Div 296 will be lagged

June 23, 2026

The full impact of the Division 296 tax will only be observed when SMSFs experience significant capital gains from fund assets.

June 16, 2026

The decision as to whether to use the Division 296 CGT cost base adjustment should be automatic if an SMSF portfolio is reflecting a net gain.

May 19, 2026

The 2026 federal budget has inadvertently provided SMSF trustees with a clearer direction as to the management of Division 296 tax liabilities.

April 7, 2026

The necessity to obtain an actuarial certificate with regard to the allocation of earnings for Division 296 purposes currently seems to be unclear.

March 24, 2026

Draft regulations that will work in conjunction with the Division 296 tax legislation have been released with industry consultation being sought.

March 24, 2026

Actuarial certificates will play a key role in determining how much SMSF members will pay under the Division 296 tax.

March 17, 2026

The rapid progression of the Division 296 bills through parliament has not reduced concerns about its operation and cost.

March 3, 2026

Death pension beneficiaries will have the value of that income stream included in their total super balance immediately for Division 296 purposes.

February 24, 2026

The Division 296 CGT asset value adjustment should be considered by all SMSF members even if their total super balance is under $3 million.

February 17, 2026

The government has introduced the revised Division 296 tax legislation into parliament less than four weeks after consultation on it closed.