MEDIA RELEASE AU

Chartered Accountants Australia and New Zealand (CA ANZ) acknowledge the introduction of the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 to Parliament and encourages its timely passage, but has highlighted implementation costs associated with the Bill.  

“Taking a whole of system view, we consider that the measure is likely to raise only modest net revenue once implementation and ongoing costs for the Australian Tax Office, super funds, tax agents and individuals are fully considered,” CA ANZ Superannuation and Financial Services Leader, Tony Negline said.  

“In this context, we encourage the careful review of the implementation cost assumptions outlined in the explanatory memorandum to ensure they do not underestimate the practical impact on super funds and professionals, including Chartered Accountants.” 

“We recognise the changes made to the policy settings and note that some practical challenges remain, particularly in relation to the additional administrative effort and costs that funds will need to manage over time,”  

“Areas such as data modelling and the design of CGT relief add complexity for both APRA regulated funds and self-managed super funds. There are also opportunities to further consider how issues such as the treatment of franking credits and the handling of individual circumstances by the ATO could be addressed to improve fairness and workability.” 

CA ANZ welcomes the indexing of the $3 million threshold as an important refinement that was advocated for in 2024, to address bracket‑creep concerns inherent in the original proposal. 

“We remain committed to working constructively with government to support the development of workable, clear and administratively efficient arrangements, including through engagement on the supporting regulations when they are released,” Mr Negline said.