Following extensive consultation with the superannuation sector, the Federal Government’s Superannuation (Building a Stronger and Fairer Super System) Imposition Bill 2026 passed through parliament on 10 March 2026. The legislation introduces two key changes, including the new Division 296 tax on superannuation balances above $3 million.

A significant shift is underway for property investors, with the Australian Taxation Office releasing Draft Taxation Ruling TR 2025/D1 and tightening its stance on rental income and deductions ahead of the June 2026 enforcement deadline. From holiday homes to short-stay listings and family arrangements, the rules now demand greater evidence, precision and transparency.

The July 2026 superannuation cap increases raise the transfer balance cap to $2.1 million and are expected to increase concessional and non-concessional contribution limits. Understanding these changes, and the transitional rules that apply, allows investors to manage superannuation more efficiently and align contributions with long-term retirement objectives.

In this conversation, Andrew Albury reflects on a 35-year career shaped by steady counsel through periods of transition, guidance that built enduring trust and client relationships across generations.

Success isn’t defined by beating an index. It is defined by funding retirement, supporting family, seizing opportunities, and shaping a legacy. Goals-based investing brings this into focus. By aligning capital with defined purposes and time horizons, the Five-Pool Framework offers a structured approach to decision-making, reinforces discipline through market cycles, and guides wealth with a long-term perspective.

For families focused on long-term impact, transferring wealth is only part of the journey. Structured generosity guided by governance, legal oversight, and strategic planning helps the next generation thrive, build independence, and preserve family cohesion. Thoughtful giving, milestone-based support, and philanthropy transform well-intentioned acts into an enduring, purpose-driven legacy.

Serious health events are increasingly affecting Australians in their peak earning years, when financial responsibilities are greatest. Trauma insurance, also known as critical illness or crisis cover, provides crucial stability through a tax-free lump sum after a major diagnosis. For professionals managing mortgages, school fees, and lifestyle costs, it can be the key to maintaining financial resilience during recovery.

Following industry consultation, the Federal Government has announced key revisions to Division 296, introducing a realised earnings approach, indexed thresholds, and a delayed start date. The changes aim to deliver greater fairness, flexibility, and clarity for members with larger superannuation balances.

Robbie Parkinson shares what drew him to MGD Private and how he brings a disciplined investment perspective to advising families with clarity, governance, and long-term alignment.

Division 296 can serve as a starting point for families to discuss intentional intergenerational wealth transfer. By opening these conversations early, parents and children can explore how wealth can support meaningful goals, reduce tax exposure, and shape a considered legacy while still alive.

Amid rising retirement confidence among Australians, State Street Investment Management’s 2025 Global Retirement Reality Report reveals a gap between optimism and the detailed, personalised planning needed to achieve a truly sustainable retirement.

Stephen Furness, named one of Barron’s Top 150 Advisers, reflects on the defining moments of his career and how they inform the way he helps clients manage risk, opportunity, and long-term strategy.

From business owners making a great sale to pre-retirees facing unexpected challenges, discover how MGD’s expert guidance has helped clients turn financial complexity into opportunity. Read five real success stories that showcase strategic wealth management in action.