From www.smsfadviser.com: Peter Burgess, CEO of SMSF Association, expressed optimism about potential changes to the controversial Division 296 super tax legislation, despite industry beliefs that it will pass soon.

He indicated that the government may reconsider its position following the recent election, especially given public concerns about taxing unrealised capital gains.

Burgess also hopes for a delay in the bill’s start date, as the original timeline would be unreasonable with the legislative process taking longer than anticipated.