Superannuation shake-up: What division 296 means for you from RSM's talkBIG Podcast

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Superannuation shake-up: What division 296 means for you

37 minutes Posted Aug 12, 2025 at 9:00 am.

Division 296, ongoing delays to tax legislation

Taxing unrealised gains

What is Division 296?

Is div 296 adding complexity to superannuation without increasing tax revenue?

Addressing misconceptions: This is not a 30% Tax

Farmers are disproportionately impacted

No indexation on $3m cap

Will the Greens force a change in the div 296 legislation?

Example: Carrying forward a loss

Added complexity, compliance burden and pressure on auditors

How will this impact investment strategies for retirement?

Superannuation death benefits tax

Deadline for taking funds out of super is June 30 2026

Capital Gains Tax, double taxation and equity

The Government needs to make a decision

Avoid reactive financial decisions - speak to an adviser

Alternatives to division 296 for taxing super

Potential for abuse in tax calculations

Future considerations

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Everything you need to know about division 296 tax on superannuation What is division 296 and why is it sparking such significant debate and concerns among superannuation holders? Announced by the Australian Government in 2023, division 296 is proposed legislation set to enforce additional tax on earning from superannuation balances exceeding $3 million [AUD]. With both realised and unrealised gains potentially being taxed, the legislation has sparked huge debate due to concerns abo...

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