Episode 101 - New Div 296 rules introduced into Parliament скачать в хорошем качестве

Episode 101 - New Div 296 rules introduced into Parliament

In this episode of Feeling Smarter, Aaron Dunn and Tim Miller continue their dive into Division 296, with the the introduction of the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026. Introduced by Treasurer Jim Chalmers on 11 February 2026, this legislation marks a significant shift in how high-balance super accounts are taxed and how low-income earners are supported. Tim and Aaron discuss elements of the Bill and explore how the government has adjusted the original exposure draft after a short (and somewhat holiday-interrupted) consultation period. Timestamps: 1:10 – The consultation period: Comparing the "short" timeline to the typical industry standard. 2:45 – Division 296 & Death: How the Total Super Balance (TSB) is calculated in the year of death. 4:30 – Starting vs. Ending Balance: Clarifying the new rule where TSB effectively "dies with you." 6:20 – Reversionary Pensions: Managing multiple liabilities and the impact on surviving spouses. 8:30 – The Realised Gains Shift: Why the move away from taxing unrealised "paper" gains is a win for SMSFs. 10:40 – Indexation: Understanding how the $3M and $10M thresholds will now rise with inflation. 12:05 – Legislative Path: Discussion on Labor’s control of the House and the upcoming Senate battle. 13:30 – LISTO Expansion: The trade-off for low-income earners to secure the bill's passage. 15:00 – The "Bargaining Chips": Potential Greens’ requests involving limited recourse borrowing or other super policies. 16:00 – Conclusion: Implementation countdown to 1 July 2026.