News : Tax

Division 296, SMSF, Tax

Strategise Div 296 payment sources

SMSF members who will pay Division 296 tax should look to reduce other taxable components in super when making those payments.

SMSF members who will pay Division 296 tax should look to reduce other taxable components in super when making those payments.

read more
Division 296, SMSF, Tax

Div 296 advice may trigger tax avoidance

Advice provided to clients in relation to managing a Division 296 liability could be viewed as tax avoidance in some circumstances.

Advice provided to clients in relation to managing a Division 296 liability could be viewed as tax avoidance in some circumstances.

read more
Division 296, Legislation, Tax

New tax should exempt deceased members

Plans to levy the Division 296 tax on deceased superannuants reflect the haste in which the impost has been created by the government.

Plans to levy the Division 296 tax on deceased superannuants reflect the haste in which the impost has been created by the government.

read more
Division 296, Legislation, Tax

Div 296 alignment with TBC suggested

The FAAA has called for both Division 296 thresholds to be aligned with the general transfer balance cap for all elements of their operation.

The FAAA has called for both Division 296 thresholds to be aligned with the general transfer balance cap for all elements of their operation.

read more
Division 296, SMSF, Superannuation, Tax

Div 296 to up small fund compliance

The revised Division 296 provisions will add unnecessary work for small super funds to assess their position under the new impost.

The revised Division 296 provisions will add unnecessary work for small super funds to assess their position under the new impost.

read more
Division 296, SMSF, Superannuation, Tax

Div 296 cost base reset flawed

The government has adopted a blanket approach to resetting the cost base of assets that may be liable to Division 296 tax, highlighting a further flaw in its revised bill.

The government has adopted a blanket approach to resetting the cost base of assets that may be liable to Division 296 tax, highlighting a further flaw in its revised bill.

read more
ATO, Superannuation, Tax

Release authority compliance an issue

Compliance with release authorities is causing some worry for the ATO with the communiques being ignored or not properly followed.

Compliance with release authorities is causing some worry for the ATO with the communiques being ignored or not properly followed.

read more
Division 296, Investments, Superannuation, Tax

Franking credits a Div 296 worry

CPA Australia has raised its concerns over the treatment of franking credits in the calculation of revenue for the proposed Division 296 tax.

CPA Australia has raised its concerns over the treatment of franking credits in the calculation of revenue for the proposed Division 296 tax.

read more
Division 296, SMSFA, Superannuation, Tax

Div 296 bill needs more refinement

The revised Division 296 bill should be made less complex and avoid a new range of unintended consequences that have arisen in its second iteration.

The revised Division 296 bill should be made less complex and avoid a new range of unintended consequences that have arisen in its second iteration.

read more
Administration, Tax

SMSF admin firm expands into tax advice

Olivia Long has expanded the services offered to SMSFs, opening a new tax business alongside her administration firm.

Olivia Long has expanded the services offered to SMSFs, opening a new tax business alongside her administration firm.

read more

Copyright © SMS Magazine 2026

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.