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Budget confirms Div 296 still on the table

Summary by SMS Magazine
The federal government will take the Division 296 tax to the election given the budget contained no mention of the status of the proposed impost.
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SMS MagazineSMS Magazine

Budget confirms Div 296 still on the table

The federal government will take the Division 296 tax to the election given the budget contained no mention of the status of the proposed impost.

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SMSF AssociationSMSF Association

Budget confirms Government’s commitment to ill-conceived new super tax - SMSF Association

SMSF Association Media Release The Federal Budget handed down this evening confirms the Albanese Government’s intention to proceed with a new tax on superannuation balances exceeding $3 million, and commits […] The post Budget confirms Government’s commitment to ill-conceived new super tax appeared first on SMSF Association.

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SMSF Association broke the news in on Tuesday, March 25, 2025.
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