On 13 October 2025, the Australian Government announced they were making practical changes to the design and implementation of the better targeted superannuation concessions measure that was previously announced on 28 February 2023. The measure is intended to reduce tax concessions for individuals with a total super balance above $3 million from 1 July 2026.
Government will undertake consultation with the superannuation industry and other relevant stakeholders.
This measure is not yet law.