Superannuation (Building a Stronger and Fairer Super System) Imposition Act 2026 (9 of 2026)

5   Amount of tax

The amount of the tax payable by a person for an income year is:

(a) unless paragraph (b) applies - 15% of the person's taxable superannuation earnings for the income year; or

(b) if the person has a very large superannuation balance earnings component for the income year - the sum of:

(i) 15% of the person's taxable superannuation earnings for the income year; and

(ii) 10% of the person's very large superannuation balance earnings component for the income year.