After months of debate, the Federal Government has passed Division 296 legislation introducing additional tax on large superannuation balances from 1 July 2026. Individuals with balances above $3 million may face extra tax on earnings attributed to the excess amount. With the rules approaching, now is the time to review how this may impact your retirement strategy, wealth structures, and estate planning.

March is the ideal time for Australian business owners to begin proactive tax planning before the 30 June EOFY deadline. With real financial data available and time still on your side, strategic decisions around structure, superannuation, assets, and tax concessions can help you minimise tax and improve cash flow outcomes.

Fringe Benefits Tax (FBT) is charged at 47%, making it one of the most significant compliance risks businesses face before 31 March. Company vehicles, employee reimbursements, entertainment, and salary sacrifice arrangements can quietly create large tax liabilities if not reviewed properly. This guide outlines the key areas businesses should review before the FBT year-end to ensure compliance and minimise risk.

In this episode of The Bottom Line, Dr. Harrison Weisinger, Founder of My Performance Doctor, shares his unconventional journey from optometrist to researcher, doctor, and corporate executive at Specsavers.

Drawing on his experience helping future-proof a global business against disruption, Dr. Weisinger explains why the same strategic thinking must be applied to personal health.