No major new super measures announced (May Federal Budget 2026)

The Government did not announce any new major superannuation measures in the Budget.

Nevertheless, the super industry has enough on its plate ahead of the 1 July 2026 start date for the following measures (as already legislated):

• payday super reforms that require employers to pay super guarantee (SG) contributions to employees within seven business days of the employee’s payday; and
• the Division 296 regime for superannuation account balances above $3 million. Note that taxpayers expecting to be impacted by Division 296, and considering whether to withdraw funds from super, will now need to also consider the implications of the proposed changes to the CGT discount in the 2026–2027 Budget for those assets once outside super.

Complying super funds continue to receive CGT discount

Complying superannuation funds, including self managed superannuation funds (SMSFs), are not expected to be directly impacted by the proposed abolition of the 50% CGT discount. Rather, complying super funds (including SMSFs) are expected to continue to receive a CGT discount percentage of 33 1/3%.