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Showing 1 - 10 of 26 results for "$3 million threshold"

Division 296 legislation passes, LISTO to increase

MATTHEW WAI  |  WEDNESDAY, 11 MAR 2026
The controversial Division 296 superannuation tax has passed through both houses and will take effect from July 1, alongside changes to the Low-Income Superannuation Tax Offset. Treasurer Jim Chalmers announced the passage of the Treasury Laws Amendment ...

Multi-boutique expands to Australia, seeks partners

KARREN VERGARA  |  FRIDAY, 30 JAN 2026
Multi-boutique Fairlight Capital Partners is expanding in Australia and is on the lookout for strategies it can introduce to its global network of family offices and institutional investors. Founded in 2018 by Thomas Gent, Charles Bamford and Alexander ...

Treasury seeks feedback on major super tax reform

KARREN VERGARA  |  FRIDAY, 19 DEC 2025
Treasury is seeking industry feedback on the proposed reforms that aim to reduce tax concessions under Division 296 "enjoyed by individuals with large superannuation balances." The proposed changes centre on applying a 30% tax rate on earnings from ...

Treasury unveils major super tax changes

JAMIE WILLIAMSON  |  MONDAY, 13 OCT 2025
Treasurer Jim Chalmers has unveiled several major superannuation tax changes in a press conference this afternoon. Under the changes, the $3 million superannuation tax will be delayed until July 2026 to allow for a series of amendments and further consultation. ...

Another industry body urges Division 296 reconsideration

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
While the Institute of Public Accountants (IPA) supports sensible reforms to make superannuation "more equitable", it - like many industry bodies - believes the taxing of unrealised capital gains and the lack of indexation can pose compliance challenges ...

Up to two million Aussies could face super tax: FSC

MATTHEW WAI  |  FRIDAY, 6 JUN 2025
New modelling from the Financial Services Council (FSC) shows that up to 1.8 million Australians currently in the workforce could be impacted by the proposed superannuation tax under one of the four scenarios. The four scenarios consist of: $3 million ...

MP says Coalition will 'fight to the death' over $3m super tax

MATTHEW WAI  |  WEDNESDAY, 4 JUN 2025
Nationals Senator Matt Canavan says the Coalition will "fight to the death" to ensure the taxing of unrealised capital gains is abandoned. Appearing on the Today show this morning, Canavan and Greens leader Larissa Waters debated the viability of the ...

Div 296 must proceed to strengthen 'fairness' in superannuation: ASFA

MATTHEW WAI  |  THURSDAY, 17 APR 2025
Ahead of the federal election, the Association of Superannuation Funds of Australia (ASFA) has urged all contesting parties to consider its recommendations to "protect and strengthen" the super sector. The peak body is calling for specific reforms in ...

ASIC bans Brisbane-based financial services director

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
ASIC has banned JB Markets director Peter Aardoom from providing financial services, controlling an entity that carries on a financial services business and performing any function involved in the carrying on of a financial services business for eight ...

Australians don't trust politicians with their super: FSC

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
Australians overwhelmingly distrust the government on superannuation taxes and are wary of placing their confidence in the opposition, according to a new nationwide poll. The nationally representative poll, commissioned by the Financial Services Council ...
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