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The Reserve Bank of Australia (RBA) has decided to leave the cash rate target unchanged at 4.35%. The decision comes after three rate increases earlier in the year and reflects the central bank's effort to balance inflation control with economic growth.

Most discussion of the proposed Division 296 measure focuses on the headline figure: an extra tax on superannuation balances above $3 million. Less attention is paid to a practical question that matters enormously to members, namely how the measure plays out depending on the …

For a generation of successful Australians, superannuation has been more than a retirement vehicle. It has functioned as a low-tax savings environment, a long-term investment platform and, for many, a cornerstone of family wealth. The proposed Division 296 measure changes part of that calculus …

Every so often a single policy comes to symbolise a broader shift in how a country thinks about an institution. For Australian superannuation, Division 296 may prove to be one of those moments. The proposed additional tax on very large super balances is, in …

Each year, Australians revisit their superannuation as part of a familiar rhythm: reviewing contributions, checking caps, and tidying affairs before the end of the financial year. In 2026, that annual cycle carries an extra consideration. The proposed Division 296 measure, often described as the …

Few changes to Australia's retirement system have generated as much discussion among investors and their advisers as Division 296. The measure, designed to apply an additional layer of tax to very large superannuation balances, has prompted detailed questions about how the numbers actually work, …

For a generation, the logic of Australian retirement planning has pointed in one direction: contribute to superannuation, let it compound in a low-tax environment, and draw on it tax-free in retirement. The proposed Division 296 super tax does not dismantle that logic, but it …