Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026 (8 of 2026)

Schedule 1 Better targeted superannuation concessions

Insert:

26-99A Division 296 tax cannot be deducted

You cannot deduct under this Act any of the following:

(a) an amount of *Division 296 tax that you pay;

(b) an amount of *Division 296 debt account discharge liability that you pay.