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

Schedule 1   Better targeted superannuation concessions

Superannuation Act 1976

58   Subsection 146RE(2) (definition of reduced release authority lump sum)

Repeal the definition, substitute:

reduced release authority lump sum means:

(a) the amount of the release authority lump sum, reduced by the sum of each reduction made under a previous application of this section to a lump sum benefit to which the person is entitled; or

(b) if more than one release authority lump sum is paid in relation to release authorities issued to the person - the total amount of those release authority lump sums, reduced by the sum of each reduction made under an application of this section, before the last of those release authority lump sums is paid, to a lump sum benefit to which the person is entitled.