#9. Neil and Sarah sit down to discuss the latest developments in Australian superannuation policy.

After two years of debate and lobbying, the government has announced changes to the proposed Div296 tax on high-balance super accounts, opting to tax only realised capital gains rather than unrealised gains. They also explore the introduction of a new 40% tax rate on income from super balances over $10 million, and consider the broader impact of these reforms on both high-net-worth individuals and everyday members. The conversation covers updates to the low-income super tax offset (LISTO) and the rollout of Payday Super, which will require employers to pay super contributions within seven days of payday.

Neil and Sarah reflect on the legislative process, practical challenges for employers and funds, and how these changes might affect the retirement landscape moving forward.

That Super Show

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Sarah Penn, CEO of Mayflower Consulting

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Neil Benson, CEO of Superware

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#8. Co-hosts Neil Benson and Sarah Penn discuss the latest news and events affecting Australia's superannuation sector, including:

1. Joe Longo is stepping down as chair of ASIC
2. Macquarie Investment Management offers compensation to SMSF trustees who invested in Shield through its wrap platform
3. The role of superannuation trustees in determining which investments are available to members and whether SMSF trustees should require a qualification
4. The role of the Compensation Scheme of Last Resort in compensating clients of failed advisors
5. Delays to Div296 legislation and the principal of taxing unrealised capital gains
6. IFM Investments to close their private equity unit despite its track record of successful investments in growing mid-market Australian businesses
7. Chant West, in collaboration with Bec Wilson, announces six funds have received their inaugural Epic Retirement Tick
8. Will superannuation achieve its goal of relieving the burden on taxpayers to support Aged Pensions?

RESOURCES

• IFM Investors exits Australian PE strategy | Financial Standard
• The Epic Retirement Tick - Bec Wilson
• Government considers scrapping controversial aspects of Div 296 super tax | Accounting Times
• Macquarie admits Shield failings, will pay members $321m - ifa
• ASIC chair Joe Longo to step down in 2026 — Capital Brief

CONTACT THE HOSTS

Neil Benson on LinkedIn: https://www.linkedin.com/in/neilbenson/

Sarah Penn on LinkedIn: https://www.linkedin.com/in/sarahpennau/

#7. Co-hosts Sarah Penn and Neil chat with Marnie Ryan, head of product innovation and enablement at AP+ (formerly NPP Australia). We cover:

• NPP and Superannuation: From 1 July 2026, funds must accept real-time payments via the New Payments Platform (NPP)—mandatory, and separate from Payday Super legislation.
• Modernising Payments: Transition away from BECS is set for 2030. Super funds need to get ready to shift from batched, delayed payments to instant, always-on transactions.
• Reconciliation Revolution: NPP upgrades solve historic problems with payment reference numbers, making reconciliation faster and easier—especially important for super contributions.
• Pilot Programs in Action: Leading funds and clearinghouses are already piloting real-time payments, so the future is now.
• Fraud and Security: New features like confirmation of payee and PayID add extra layers of trust and validation for fund rollovers and member withdrawals.
• Getting Ready: Execs should engage tech, ops, and employer services teams now. Start talking to your bank and payment partners to understand your platform readiness.
• Member Experience: Real-time payments create new member expectations. Faster clearing and instant notifications can improve trust and encourage members to check contributions more often.
• Innovation Pipeline: Expect more streamlined experiences with products like PayTo, reducing manual entry and making top-ups or pension drawdowns seamless—24/7, even at year-end crunch time.

Key takeaway: Don’t wait for legislation—engage with your banking and payment providers now to be NPP-ready before the 2026 deadline.

Marnie Ryan on LinkedIn: https://www.linkedin.com/in/marnie-ryan-33b5a741

Australian Payments Plus: https://www.auspayplus.com.au/

That Super Show

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Sarah Penn, CEO of Mayflower Consulting

• Connect with Sarah on LinkedIn
• Follow Mayflower Consulting on LinkedIn
• Visit Mayflower Consulting's website

Neil Benson, CEO of Superware

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• Visit Superware's website