Legal Insights
Lock up your superfunds – Div 296 is here!
Australia has just entered the first financial year that will be affected by the Div 296 legislation. Members of superannuation funds (SMSFs, retail and industry) with balances that exceed $3 million and $10 million are now subject to an additional tax.
New Division 296 Tax – Changes to Key Aspects
New Division 296 Tax – A win for the industry
Controversial taxation bill has been watered down – tax of unrealised gains has been scrapped.