From www.accountantsdaily.com.au: Experts advise the SMSF sector to avoid making significant changes until the final Division 296 tax legislation is passed, following the recent election where the Labor government retained power.

While the tax is expected to be implemented, the exact details and potential amendments remain uncertain, urging caution in taking pre-emptive actions.

Key advice includes monitoring balances to stay below the $3 million threshold before June 30, 2026, without rushing into decisions until more clarity on the legislation is established.