Division 296 is set to introduce a new layer of complexity to Australia’s superannuation system — imposing an additional 15% tax on the earnings attributed to total super balances above $3 million, starting 1 July 2026. While the legislation is still in draft form, the direction is clear: SMSF professionals need to be thinking now about how to educate clients, model potential impacts, and develop forward-looking strategies.
UNDERSTANDING DIVISON 296
Stay informed. Stay compliant. Stay ahead — with Smarter SMSF’s tools, training and strategies for the proposed $3 million super tax.
At Smarter SMSF, we’ve created a comprehensive Division 296 framework to help you confidently guide your clients through the three key stages of these reforms.
Through our dedicated Division 296 Hub on the Smarter SMSF platform, you’ll gain access to technical guidance (incl. FAQs), client-ready resources, calculators (WIP), webinars, and strategy tools — including our Division 296 Strategy Matrix, designed to help match real-life client situations with practical advice paths for those clients that are impacted.
This isn’t just about compliance — it’s an opportunity to provide proactive, valuable advice that sets your firm apart. That’s why we’ve created a range of Div 296 tax tools for you to work with your clients in a smarter way.
Please note that Smarter SMSF does not provide any financial product advice in respect to any commutation decisions to reduce a member’s balance below the $3.0 million or $10.0 million thresholds.
Watch our Div. 296 episodes
Learn more about the implications of these proposed new Div 296 tax laws through the weekly ‘feeling smarter’ videos co-hosted by Aaron Dunn and Tim Miller.
Explore Division 296 in Depth at SMSF Day 2026
Our popular SMSF Day events in 2026 will feature dedicated sessions on Division 296, including:
- Legislative update and status of the proposed measures through Parliament.
- Understanding the 3 Stages of Division 296 and how to navigate these with your impacted clients.
- Explore the Division 296 Strategy Matrix through our case study to identify the issues and necessary actions.
- Utilise the tools available in the Smarter SMSF platform to work through the issues with your SMSF clients.
️ Book your seat to gain accredited CPD and access timely, practical advice before the 1 July 2026 start date.
View SMSF Day dates and locations around Australia between 17 – 31 March 2026 →
Div 296 Tax Hub
Smarter SMSF has created a ‘Div. 296 Tax Hub’ that provides access for SMSF professionals to a range of technical guidance, white-label client resources, checklists, and calculators (WIP) to help navigate the introduction of the new better targeted superannuation concessions measures.
Smarter SMSF will also be updating and creating a suite of documents that can be ordered through the Div 296 tax hub to ensure compliance with these new super & tax laws commencing from 1 July 2026.
Available documents
Smarter SMSF will be updating and creating a range of documents to comply with the introduction of the new Division 296 tax laws. More details about these available documents will be made once details of the legislation has been finalised and the laws passed.
Smarter Legal Review
For any SMSF deed upgrades that may be required as a result of the new Division 296 tax laws, you have the ability to access Smarter Legal Review which provides legal support and sign-off in respect to a Deed of Variation prepared on the Smarter SMSF platform.
This legal service, along with quality of Smarter SMSF’s fund documents to comply with these proposed new Division 296 tax laws provides you with the confidence to navigate through these changes with your impacted SMSF clients.
