this is an edit to the post - sm
We’re preparing support for Division 296 tax, which passed Parliament on 10 March 2026, across our modelling tools to help advisers assess the impact on clients with higher superannuation balances. This update outlines Division 296, the changes we’re targeting for 1 July 2026, and what will follow after that.
By 1 July 2026, you’ll have access to core Division 296 calculations, giving you more time to assess strategies ahead of key legislative milestones.
- Calculate your clients' division 296 earnings ahead of the first total superannuation balance measurement date on 30 June 2027.
- Evaluate your SMSF clients’ division 296 cost base reset election option ahead of the 2026/27 SMSF tax return deadline in early 2028.
