The GST Service has been updated to include the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026 (Cth) (Act No 8 of 2026).

This Act, together with the Superannuation (Building a Stronger and Fairer Super System) Imposition Act 2026 (Cth) (the Imposition Act), amends the law relating to taxation and superannuation.

Specifically, Schedules 1 to 3 to the Act and the Imposition Act will reduce the tax concessions available to individuals with total superannuation balances (TSBs) exceeding the large superannuation balance threshold, which is $3 million for the 2026-2027 income year. A further reduction is proposed for individuals with a TSB exceeding the very large superannuation threshold, which is $10 million for the 2026-2027 income year. Schedule 4 to the Act also supports low income workers to build retirement savings by ensuring they receive a fairer tax concession on their superannuation contributions. This will be achieved by aligning the low income superannuation tax offset with broader income tax and superannuation settings.

These amendments have been updated in the Point-in-Time GST Service current to 20 March 2026 (NB: subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.