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

Schedule 1   Better targeted superannuation concessions

Taxation Administration Act 1953

67   After subsection 8AAD(1)

Insert:

(1A) The Division 296 general interest charge rate for a day is the rate worked out by:

(a) adding 3 percentage points to the base interest rate for that day; and

(b) dividing that total by the number of days in the calendar year.