Overview
The federal government registered the Income Tax Assessment (1997 Act) Amendment (Building a Stronger and Fairer Super System and Other Measures) Regulations 2026 on 18 June 2026. These regulations amend the Income Tax Assessment (1997 Act) Regulations 2021. The enabling legislation is the Income Tax Assessment Act 1997 and the Income Tax (Transitional Provisions) Act 1997.
What the regulations cover
The regulations address four main areas:
- Better-targeted superannuation concessions - amendments related to how concessions are applied within the superannuation system.
- Total superannuation balance and interest valuation - rules for calculating total superannuation balance values and the value of superannuation interests, including changes flowing from the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026.
- Family law superannuation splits - updated rules covering superannuation interests in the context of family law property settlements.
- Other amendments - covering valuation parameters and state higher level office holders.
Dates
- Registered: 18 June 2026
- In force: 18 June 2026 to 8 September 2026
- Repealed: 8 September 2026 - the source does not specify what instrument replaced these regulations after that date.
Key actions
- Review the full text of these regulations at https://www.legislation.gov.au/F2026L00726 to check how the changes to total superannuation balance valuation and better-targeted concessions apply.
- For matters involving family law property settlements that include superannuation interests, check Schedule 3 of the regulations at the above URL for the updated rules on family law superannuation splits.
- Because this instrument was repealed on 8 September 2026, check the Federal Register of Legislation at https://www.legislation.gov.au for the current in-force instrument, as the source does not specify what superseded these regulations.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.