Small But Mighty
Division 296: Structural Shifts for Melbourne SMSFs Facing the New $3M Super Tax
The landscape of Australian superannuation has changed permanently. Following its passage through Parliament, the Treasury Laws Amendment Act 2026 officially establishes the Division 296 tax, which took effect on 1 July 2026. For Melburnians who have spent decades diligently building substantial wealth within a Self-Managed Super Fund, this new legislation marks a significant turning point. […]
