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From 1 July 2026, a new tax applies to superannuation earnings on balances above $3 million. The final version drops the plan to tax unrealised gains. Here is who Division 296 actually affects, how it works, and why most people will never pay it.
Over the twelve months to November 2025, one in ten Australian cafes, restaurants, and takeaways shut their doors. Three operators on why the aggregate number doesn't capture the mechanism.
Super went to 12%. The award floor went to $24.95. The question for small employers was never whether to absorb either one of those in isolation. It was both, on the same day, while payday super looms in the next window.