Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026

# Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 ## What it does This bill adjusts how superannuation tax breaks work in Australia, focusing on making them fairer across different income levels. It changes the rules around superannuation contribution limits, tax offsets for low-income earners, and how the government calculates your total super balance for tax purposes. ## Why it matters Super tax concessions currently cost the government billions and tend to benefit higher earners more. These changes are designed to redirect some of that benefit towards lower-income workers while making the system work more consistently for everyone. ## Key details **Better targeting of tax breaks**: The bill redefines how "total superannuation balance" is calculated, which affects who gets taxed at higher rates on super contributions and earnings. This changes the threshold at which your super contributions start copping extra tax. **Low-income earner support**: From 1 July 2027, changes to the low-income tax offset aim to boost super contributions for workers earning under certain thresholds—essentially helping those who need it most build retirement savings. **When it starts**: Most changes take effect from the next quarter after the bill receives Royal Assent (1 January, April, July or October), except the low-income offset changes which kick in from 1 July 2027. Schedule 1 only applies if a companion tax bill also passes Parliament.

🔒 Voting closed — this bill has been decided by parliament