SenateDivision 20 · 10 Mar 2026

Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 and another - Limitation of Debate - Pass the bills

Passed33 aye · 22 no

What this vote was about

The majority voted in favour of a motion to agree with the remaining stages of the bills and so pass them. Since the bills have already passed in the House of Representatives, they can now become law.

What do these bills do?

According to the bills digest, which is a nonpartisan document prepared by the parliamentary library:

Schedules 1-3 of the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 amend several Commonwealth statutes to reduce the tax concessions available to individuals with a total superannuation balance of more than $3 million. A further reduction would apply to individuals with a total balance of more than $10 million. The measure would apply from income years starting on 1 July 2026.
Schedule 4 amends the low income super tax offset (LISTO) by increasing the income threshold from $37,000 to $45,000 and raising the maximum LISTO payment from $500 to $810. These amendments would apply from 1 July 2027.
The Superannuation (Building a Stronger and Fairer Super System) Imposition Bill 2026 implements the measure in Schedules 1‑3. It is a separate Bill for constitutional reasons.
The Government previously attempted to reduce tax concessions available to individuals with a total superannuation balance of more than $3 million through the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 and the Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023 (the 2023 Bills). These Bills lapsed at the end of the 47th Parliament.
The measure proposed in the current Bills differs in some respects from the previous Bills, including through proposing a further reduction of tax concessions available to individuals with total superannuation balances exceeding $10 million; by providing for both the $3 million and $10 million thresholds to be indexed to the Consumer Price Index (CPI); and removing the proposal to tax notional capital gains and losses.
While regarding the new Bills as improving on the 2023 Bills, some professional bodies and self-managed superannuation fund representative organisations consider the measure is unnecessary, too complex, and creates inequitable outcomes. In contrast, the large superannuation sector supports the measure.
At the time of writing, the Bills had not been referred to or reported on by any parliamentary committees.

Context written by They Vote For You volunteers (ODbL), reproduced unchanged.

Related bills

By party

Party	Aye	No
Australian Labor Party	24	0
Liberal–National Coalition	0	17
Australian Greens	8	0
Pauline Hanson's One Nation	0	4
Independent	1	0
United Australia Party	0	1

Every vote

Other divisions this sitting day

What the Senate divided on around this vote, in order.

10 Mar 2026Business — RearrangementSenate 36–30
10 Mar 2026Business — RearrangementSenate 36–30
10 Mar 2026Business — RearrangementSenate 36–30
10 Mar 2026Business — RearrangementSenate 37–30
10 Mar 2026Business — RearrangementSenate 37–30
10 Mar 2026Motions — Middle EastSenate 26–13
10 Mar 2026Motions — Middle EastSenate 13–26
10 Mar 2026Regulations and Determinations — Australian Naval Nuclear Power Safety Regulations 2025; DisallowanceSenate 11–30
10 Mar 2026Documents — Environment Protection and Biodiversity Conservation Act 1999; Order for the Production of DocumentsSenate 28–32
10 Mar 2026Documents — Scott River Wind Farm; Order for the Production of DocumentsSenate 27–31
10 Mar 2026Budget — Consideration by Estimates CommitteesSenate 26–31
10 Mar 2026Documents — National Security, Rifi, Dr Jamal; Order for the Production of DocumentsSenate 23–33
10 Mar 2026Documents — National Security; Order for the Production of DocumentsSenate 23–33
10 Mar 2026Committees — Government Management of Isis Brides Committee; AppointmentSenate 22–34
10 Mar 2026Matters of Urgency - Middle East - Do not send Australia personnelSenate 10–27
10 Mar 2026Bills — Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026, Superannuation (Building a Stronger and Fairer Super System) Imposition Bill 2026; Limitation of DebateSenate 4–42
10 Mar 2026Bills — Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026, Superannuation (Building a Stronger and Fairer Super System) Imposition Bill 2026; Limitation of DebateSenate 20–32
10 Mar 2026Bills — Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026, Superannuation (Building a Stronger and Fairer Super System) Imposition Bill 2026; Limitation of DebateSenate 33–22
10 Mar 2026Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 - Limitation of Debate - Keep schedules 1-3 as they areSenate 33–22