royal_assent
Superannuation Reform Bill
Portfolio: Treasury
Introduced11 February 2026
Passed House5 March 2026
Passed Senate10 March 2026
Royal assent13 March 2026
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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