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

Schedule 2   Definition of total superannuation balance

Income Tax Assessment Act 1997

3   Paragraphs 307-230(1)(a) and (b)

Repeal the paragraphs, substitute:

(a) the *total superannuation balance value, at that time, of each of the following *superannuation interests (other than an interest in a *superannuation plan that, at that time, is a *foreign superannuation fund):

(i) a superannuation interest of yours;

(ii) a superannuation interest that supports a *superannuation income stream of which you are a *retirement phase recipient because of the death of another person;