Superannuation (Building a Stronger and Fairer Super System) Imposition Act 2026

No. 9, 2026

An Act to impose tax on certain superannuation earnings, and for related purposes

Contents

1 Short title 2

2 Commencement 2

3 Definitions 2

4 Imposition of tax 3

5 Amount of tax 3

6 Severability 3

Superannuation (Building a Stronger and Fairer Super System) Imposition Act 2026

No. 9, 2026

An Act to impose tax on certain superannuation earnings, and for related purposes

[Assented to 13 March 2026]

The Parliament of Australia enacts:
1 Short title

This Act is the Superannuation (Building a Stronger and Fairer Super System) Imposition Act 2026.
2 Commencement 1

Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Commencement information Commencement information Commencement information
Column 1 Column 2 Column 3
Provisions Commencement Date/Details
1. The whole of this Act The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. 1 April 2026

Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

 2

Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.
3 Definitions

In this Act:

income year has the same meaning as in the Income Tax Assessment Act 1997.

taxable superannuation earnings has the same meaning as in the Income Tax Assessment Act 1997.

very large superannuation balance earnings component has the same meaning as in the Income Tax Assessment Act 1997.
4 Imposition of tax

Tax payable under Income Tax Assessment Act 1997 is imposed.section 296-15 of the

5 Amount of tax

The amount of the tax payable by a person for an income year is:

 a

unless paragraph (b) applies—15% of the person’s taxable superannuation earnings for the income year; or

 b

if the person has a very large superannuation balance earnings component for the income year—the sum of:

 i

15% of the person’s taxable superannuation earnings for the income year; and

 ii

10% of the person’s very large superannuation balance earnings component for the income year.
6 Severability

If, apart from this section, section 4 would impose, in relation to a person, a tax the imposition of which in relation to the person would exceed the legislative power of the Commonwealth, section 4 has effect as if it did not impose that tax in relation to the person.

[Minister’s second reading speech made in—

House of Representatives on 11 February 2026

Senate on 10 March 2026]

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