Became law
Superannuation Reform Bill
Portfolio: Treasury
- Introduced11 February 2026
- Passed House5 March 2026
- Passed Senate10 March 2026
- Royal assent13 March 2026
What does this bill do, in plain English?
Implements superannuation reform including tax changes for balances above $3 million, new rules for employer contributions, and improved transparency for super funds.
The case on both sides
Supporters say
Affects only 0.5% of Australians with super over $3 million. Raises $2.3 billion for aged care and health.
Critics say
Taxes unrealised capital gains, creating liquidity problems for farmers. May discourage saving.
How parliament voted
representatives · 5 March 2026
Superannuation (Building a Stronger and Fairer Super System) Imposition Bill 2026 - Second Reading - Agree with bill's main idea
9535The ayes have it · 60 votes
95 ayes, 35 noes
Source: Australian Parliament House bill record
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