Superannuation Update

In this session Hugh Taylor, Client Director in our Private Business and Family Advisory division, will overview the proposed legislation designed to impose a new tax on superannuation earnings for members with total superannuation balances over $3 million. Treasury released a draft bill, together with an Explanatory Memorandum on 3 October 2023, which is largely consistent with the initial consultation paper.

In addition to discussing the calculation of the new tax, we will identify what we consider are the key issues for those clients affected, including the impact of taxing unrealised gains, the treatment of negative earnings and some changes from the initial consultation paper. We will explore the terminology in a proposed new Division 296 to be inserted in the Income Tax Assessment Act 1997 (Cth).

Separately, we will briefly look at some developments in:

  • The payment of death benefits from self-managed superannuation funds, including some recent Private Binding Rulings and ATO commentary
  • Self-managed superannuation funds and property development
  • Family planning issues, Power of Attorney and trustee disputes

We hope you will join us.


Monday 26 February

Hunts Hotel
2515 Camden Valley Way


Wednesday 28 February

SOI Meeting / training
& Conference rooms

Ground Floor, 465 Victoria Avenue
(opposite the RSL)


Thursday 29 February 

Pitcher Partners
Level 16, Tower 2 Darling Park
201 Sussex Street,


Friday 01 March

Penrith Serviced Offices
Level 1, 331 High Street

John Kelly
Business Development Manager

Phone: (02) 8236 7707