Superannuation advertising ban
The Treasury Laws Amendment (Supporting Choice in Superannuation and Other Measures) Act 2025 received Royal Assent as Act No. 12 of 2026.
The Act introduces several changes across tax and superannuation laws.
- It simplifies how employees choose their super fund when starting a new job and bans certain super fund advertising during this process.
- It puts into law the new double tax agreement between Australia and Portugal, signed on 30 November 2023, to prevent double taxation and reduce tax avoidance.
- It provides income tax and withholding tax exemptions for World Rugby and its wholly owned subsidiaries for income earned from the men’s Rugby World Cup 2027 and the women’s Rugby World Cup 2029.
- It updates the list of deductible gift recipients by adding six new organisations, extending five existing listings, removing eight, and updating the name of one.
- From 1 July 2026, the maximum Wine Equalisation Tax rebate for eligible wine producers or groups increases from $350,000 to $400,000 per financial year.