royal_assent
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
AI-assisted summary of public arguments — labelled per our editorial rules.
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.
Source: Australian Parliament House bill record
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