Superannuation

Changes to make it harder for child sexual abusers to shield their assets in super.

From 1 July 2025 tax concessions will be reduced for certain earnings for superannuation balances above $3 million.

Changes to the First Home Super Saver scheme providing flexibility to correct errors.

Changes to legacy retirement product commutations and reserve provisions now effective.

Changes to the non-arm's length income provisions applying to superannuation funds.

From 1 July 2026, employers will be required to pay their employees' super at the same time as their salary and wages.

Regulation changes to reform the treatment of the transfer balance cap for successor fund transfers.

New legislation where the government will pay super guarantee equivalent payments on government funded Parental Leave Pay.