{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/div296_first_indexation_year.json",
  "schema": "https://retirementwealth.com.au/api/v2/schema/api.json#/$defs/figure_file",
  "docs": "https://retirementwealth.com.au/data/",
  "publisher": "retirementwealth.com.au",
  "scope": "Retirement Wealth provides selected factual information about Australian retirement rules and rates. It does not provide personal or general financial product advice or recommend financial products. Summaries may not cover every condition or exception. Check the linked official sources and obtain advice appropriate to your circumstances before making financial decisions.",
  "figure": {
    "id": "div296_first_indexation_year",
    "former_ids": [],
    "label": "Division 296 thresholds: first income year of indexation",
    "category": "div296",
    "category_label": "Division 296 tax",
    "concept": "super.division_296.first_indexation_year",
    "kind": "year",
    "dimensions": {},
    "value": 2027,
    "display_value": "2027-28",
    "unit": {
      "code": "income_year",
      "plain": "Income year (stored as the year it starts in)",
      "quantity": "year",
      "currency": null,
      "per": null,
      "per_amount": null,
      "ratio_divisor": null
    },
    "ratio": null,
    "effective_from": "2026-07-01",
    "effective_from_basis": "value",
    "validity": {
      "from": "2026-07-01",
      "to": null,
      "basis": "value",
      "status": "in_force"
    },
    "applies_by": null,
    "resets": "legislated",
    "review_dates": [],
    "source": {
      "title": "Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026",
      "publisher": "legislation.gov.au",
      "url": "https://www.legislation.gov.au/C2026A00008/asmade/2026-03-13/text/original/epub/OEBPS/document_1/document_1.html",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-11"
    },
    "notes": "The first income year for which the two Division 296 thresholds are worked out by indexing, under sections 296-30 and 296-35 of the Income Tax Assessment Act 1997. The amounts for the income year before it are set in the Act. The value is the calendar year in which that income year starts. The Act notes that annual indexation does not necessarily increase a threshold.",
    "conditions": [],
    "exceptions": [],
    "caveats": [],
    "legal_basis": [
      {
        "instrument": "Income Tax Assessment Act 1997",
        "provision": "sections 296-30 and 296-35",
        "role": "sets_value"
      }
    ],
    "derivation": null,
    "related": {
      "same_concept": [],
      "inputs": [],
      "used_by": []
    },
    "upcoming": [],
    "first_published": {
      "release": 7,
      "recorded_at": "2026-10-11T09:14:43Z"
    },
    "last_changed": {
      "release": 12,
      "recorded_at": "2026-10-13T08:24:56Z"
    },
    "cite_as": "Division 296 thresholds: first income year of indexation: 2027-28, applies from 1 July 2026. Official source: legislation.gov.au, Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026 (last checked 11 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/div296/div296-first-indexation-year/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/div296_first_indexation_year.json",
      "page": "https://retirementwealth.com.au/rules/div296/div296-first-indexation-year/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/div296_first_indexation_year/2026-07-01.json"
    },
    "timeline": [
      {
        "value": 2027,
        "display_value": "2027-28",
        "ratio": null,
        "effective_from": "2026-07-01",
        "effective_to": null,
        "basis": "value",
        "status": "in_force",
        "source": {
          "title": "Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026",
          "publisher": "legislation.gov.au",
          "url": "https://www.legislation.gov.au/C2026A00008/asmade/2026-03-13/text/original/epub/OEBPS/document_1/document_1.html",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/div296_first_indexation_year/2026-07-01.json"
      }
    ]
  }
}