{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/div296_indexation_step_lower.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_indexation_step_lower",
    "former_ids": [],
    "label": "Division 296 lower threshold: indexation increment",
    "category": "div296",
    "category_label": "Division 296 tax",
    "concept": "super.division_296.threshold_indexation_increment",
    "kind": "increment",
    "dimensions": {
      "balance_threshold": "large"
    },
    "value": 150000,
    "display_value": "$150,000",
    "unit": {
      "code": "AUD",
      "plain": "Australian dollars",
      "quantity": "money",
      "currency": "AUD",
      "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": "Division 296 tax thresholds and interest",
      "publisher": "ATO",
      "url": "https://www.ato.gov.au/tax-rates-and-codes/key-superannuation-rates-and-thresholds/division-296-tax-thresholds-and-interest",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-11"
    },
    "notes": "The large super balance threshold is indexed in line with the consumer price index, in increments of this amount. Section 960-285 of the Income Tax Assessment Act 1997 rounds the indexed amount down to a multiple of this amount. The ATO says Division 296 tax applies from 1 July 2026.",
    "conditions": [],
    "exceptions": [],
    "caveats": [],
    "legal_basis": [
      {
        "instrument": "Income Tax Assessment Act 1997",
        "provision": "Section 960-285",
        "role": "indexation"
      }
    ],
    "derivation": null,
    "related": {
      "same_concept": [
        "div296_indexation_step_upper"
      ],
      "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 lower threshold: indexation increment: $150,000, applies from 1 July 2026. Official source: ATO, Division 296 tax thresholds and interest (last checked 11 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/div296/div296-indexation-step-lower/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/div296_indexation_step_lower.json",
      "page": "https://retirementwealth.com.au/rules/div296/div296-indexation-step-lower/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/div296_indexation_step_lower/2026-07-01.json"
    },
    "timeline": [
      {
        "value": 150000,
        "display_value": "$150,000",
        "ratio": null,
        "effective_from": "2026-07-01",
        "effective_to": null,
        "basis": "value",
        "status": "in_force",
        "source": {
          "title": "Division 296 tax thresholds and interest",
          "publisher": "ATO",
          "url": "https://www.ato.gov.au/tax-rates-and-codes/key-superannuation-rates-and-thresholds/division-296-tax-thresholds-and-interest",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/div296_indexation_step_lower/2026-07-01.json"
      }
    ]
  }
}