News : Tax

Compliance & Regulation, Division 296, Legislation, Regulation, Tax

Further Div 296 refinement required

The revised Division 296 bill should be made less complex and avoid a new range of unintended consequences that have arisen in its second iteration.

The revised Division 296 bill should be made less complex and avoid a new range of unintended consequences that have arisen in its second iteration.

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Compliance & Regulation, Division 296, Legislation, Strategy, Superannuation, Tax

TSB to play a different Div 296 role

The assessment of a super fund member’s total super balance has been changed in the Division 296 tax draft legislation released in late December.

The assessment of a super fund member’s total super balance has been changed in the Division 296 tax draft legislation released in late December.

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Compliance & Regulation, Division 296, Legislation, Tax

Chalmers adamant about revised Div 296

The Treasurer has indicated he is currently not prepared to consider any other calculation methods for the revised Division 296 tax legislation.

The Treasurer has indicated he is currently not prepared to consider any other calculation methods for the revised Division 296 tax legislation.

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Division 296, Superannuation, Tax

Div 296 changes announced

The government will change the proposed Division 296 tax to only apply to realised earnings, but will add a second threshold at a higher rate.

The government will change the proposed Division 296 tax to only apply to realised earnings, but will add a second threshold at a higher rate.

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Division 296, Superannuation, Tax

Govt makes super tax changes at last

The amendments to the proposed Division 296 tax will mean trustees will have to revisit their approach to this superannuation impost.

The amendments to the proposed Division 296 tax will mean trustees will have to revisit their approach to this superannuation impost.

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Division 296, Superannuation, Tax

Div 296 changes possible

The government seems reluctant for the Division 296 tax legislation to progress in its current form, with amendments likely to be made to the bill.

The government seems reluctant for the Division 296 tax legislation to progress in its current form, with amendments likely to be made to the bill.

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Compliance & Regulation, Division 296, Tax

Div 296 notification won’t go to SMSF

The ATO notification regarding a Division 296 tax liability will be sent directly to the taxpayer and will not involve their superannuation fund.

The ATO notification regarding a Division 296 tax liability will be sent directly to the taxpayer and will not involve their superannuation fund.

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Division 296, Legislation, Tax

Div 296 timing still undetermined

The government has not publicly committed to a date to introduce the Division 296 legislation stating it has until 2026 to do so.

The government has not publicly committed to a date to introduce the Division 296 legislation stating it has until 2026 to do so.

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Division 296, SMSF, Tax

Parliament program may delay Div 296

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

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Division 296, Superannuation, Tax

Retirees disappointed with Div 296

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Division 296, Australian Independent Retirees, unrealised capital gains, Wayne Strandquist, non-liquid assets

The government’s unrelenting position to not make any changes to the proposed Division 296 tax legislation is causing anguish among retirees.

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