News : Tax

Administration, SMSF, Superannuation, Tax

Div 296 bill boosts government power

An insertion into tax law as part of the proposed Division 296 measure may give the government a mechanism to extend its reach by regulation.

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Division 296, Superannuation, Tax

Mixed support for new super tax

A poll has found around half of Australians are in favour of the Division 296 tax, with many giving it strong support.

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Division 296, Superannuation, Tax

Accumulation best for Div 296 exits

Drawdowns to manage the proposed Division 296 impost should be made from the accumulation interest of SMSF trustees to achieve an optimal tax outcome.

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Division 296, SMSF, Tax

New tax presents SMSF double hit

SMSFs trustees face paying tax on both unrealised and realised capital gains as a result of the proposed Division 296 tax.

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Division 296, SMSF, Superannuation, Tax

Government super tax stance staunch

The SMSF Association has acknowledged the re-elected Labor government has no intention of making any changes to the Division 296 tax.

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Division 296, SMSF, Superannuation, Tax

Anti-Div 296 tax petition initiated

An Australian fund manager has launched a petition opposing the proposed Division 296 tax that has already received noticeable support.

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Tax

Impact of new tax misrepresented

A government prediction about the Division 296 tax has significantly underestimated the impact it will have on SMSF members.

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Tax

Div 296 discussions need restarting

Division 296, tax, SMSF, self managed super, trustee, $3 million, SMSF Alliance, David Busoli, Senate, implementation date, legislation, 30 June 2026, total super balance

The result of the recent federal election means trustee conversations with accountants and advisers need to be resumed regarding the new super tax.

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Superannuation, Tax

Div 296 tax will hurt economy

self managed superannuation, self managed super, SMSF, Division 296, Wilson Asset Management, Geoff Wilson, deadweight loss, unrealised capital gains, $3 million, indexation

More unintended consequences have been identified should the proposed Division 296 tax policy become part of the superannuation system.

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SMSF, Superannuation, Tax

Deed not sole trustee duty determinant

SMSF trustees must keep in mind the SIS Act dictates their responsibilities in running a fund go beyond those contained in the trust deed.

SMSF trustees must keep in mind the SIS Act dictates their responsibilities in running a fund go beyond those contained in the trust deed.

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