Australians with more than $3 million in super are now facing an additional layer of tax under Division 296. But changes outside super have also altered the calculation for anyone thinking about withdrawing money and investing it elsewhere.

Sean Aylmer speaks with Meg Heffron, Managing Director of Heffron, about how Division 296 works, why valuations matter particularly for SMSFs, who needs to start planning now, and why super may still be the most attractive place for people with balances between $3 million and $10 million.

This episode was recorded at Class Ignite 2026. Class is a supporter of Fear & Greed.

This is general information only, and you should seek advice tailored to your circumstances before making investment decisions.

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Q+A: How Division 296 changes the super equation

This is the Fear & Greed [https://fearandgreed.com.au/] Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

 1. ASX rallies on inflation figures

 2. Glencore, Yancoal coal expansion approved

 3. Sydney Airport near miss rated most serious

 4. Australian universities slide in global rankings

 5. UK PM says Brexit has done ‘more harm than good’

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Afternoon Report | ASX rallies on inflation figures

Wednesday 30 September 2026

The Reserve Bank lifts interest rates, and another hike is tipped before the end of the year. Australia now has the highest interest rates among major developed economies. 

 * OpenAI apologises for its model hacking Australia’s Medicare system
 * Asian airlines are increasingly becoming the carriers of choice for Aussies
 * Milk wars break out
 * The leaked prospectus of IPO candidate Anthropic says AI could pose an existential risk to humanity. 

 

Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here [https://fearandgreed.com.au/newsletter-signup]. 

 

And don’t miss the latest episode of How Do They Afford That? [https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/] - what a financial planner would fix first. Get the episode from Apple [https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235], Spotify [https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14] or anywhere you listen to podcasts.

Find out more: https://fearandgreed.com.au/ [https://fearandgreed.com.au/]

See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

RBA hikes rates, another expected; OpenAI apologises; Asian airlines win friends

The Reserve Bank has lifted the cash rate to 4.6 per cent, its highest level in 15 years, as it battles stubborn inflation. But with households under growing pressure, house prices weakening and the economy slowing, is Australia now getting dangerously close to recession?

Sean Aylmer speaks with Stephen Koukoulas, Managing Director of Market Economics, about whether the RBA has done enough, where economic growth can come from next year, the growing recession risk, and why the next few months could be particularly difficult for households.

Find out more: https://fearandgreed.com.au/ [https://fearandgreed.com.au/]

See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Q+A: Is Australia on the brink of recession?

This is the Fear & Greed [https://fearandgreed.com.au/] Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

 1. ASX rises as RBA lifts rates

 2. Codan expects profit to more than double

 3. Hanson-Young bids for Greens leadership

 4. Pope rebukes Nvidia boss over AI

 5. Five bailed after UK terror arrests

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Afternoon Report | ASX rises as RBA lifts rates

Tuesday 29 September 2026

The Albanese government closes in on being the highest taxing government in history. 

 * Global investors get jittery over the lack of progress in the Strait of Hormuz
 * The share prices of two ASX-listed companies surge after one receives a takeover bid, and the other knocks back an offer 
 * The country’s most powerful battery hits full capacity
 * Taylor Swift is now, officially, queen of the Video Music Awards

 

Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here [https://fearandgreed.com.au/newsletter-signup]. 

 

And don’t miss the latest episode of How Do They Afford That? [https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/] - the five biggest myths about ETFs. Get the episode from Apple [https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235], Spotify [https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14] or anywhere you listen to podcasts.

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See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Albanese government & peak tax; investors jittery over Hormuz; Swift’s record

Oil prices are back above $US100 a barrel as uncertainty over the Strait of Hormuz rattles energy and bond markets. But with global inventories already depleted, how much worse could the situation get if a deal between the US and Iran remains out of reach?

Sean Aylmer speaks with Vivek Dhar, Head of Commodities and Sustainability Research at Commonwealth Bank, about the risk of Brent crude reaching $US150 a barrel, why diesel may be even more vulnerable, how protected Australia is from physical shortages, and why the current crisis could ultimately accelerate a shift towards structurally lower oil prices.

Find out more: https://fearandgreed.com.au/ [https://fearandgreed.com.au/]

See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Q+A: Could oil hit $US150 a barrel?

This is the Fear & Greed [https://fearandgreed.com.au/] Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

 1. ASX edges higher ahead of RBA

 2. Rates could hit 5.35pc

 3. Virgin cancellations hit 30,000 passengers

 4. Mike Baird quits Cricket Australia

 5. Five arrested near RAF base

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Afternoon Report | ASX edges higher ahead of RBA

Monday 28 September 2026

Get ready for higher loan repayments with the Reserve Bank set to lift interest rates tomorrow. 

 * Manufacturing in Australia needs 91,000 new workers over the next decade
 * Traditionally the weakest month on the ASX is September, and this year’s vintage is particularly poor
 * McDonald’s is set to revamp its global network of 44,000 stores
 * What data reveals about the secret to a happy relationship

 

Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here [https://fearandgreed.com.au/newsletter-signup]. 

 

And don’t miss the latest episode of How Do They Afford That? [https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/] - the five biggest myths about ETFs. Get the episode from Apple [https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235], Spotify [https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14] or anywhere you listen to podcasts.

Find out more: https://fearandgreed.com.au/ [https://fearandgreed.com.au/]

See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Rate hike on the way; McDonald’s to revamp 44,000 stores; secret to a happy relationship

It’s a huge week for the Australian economy, with the Reserve Bank widely expected to lift interest rates by 25 basis points on Tuesday - and fresh inflation data due just 24 hours later.

Sean Aylmer speaks with NAB Chief Economist Sally Auld about why inflation is proving stubborn, the risk of further rate rises, and what the latest data is telling us about consumer spending and the outlook for residential construction.

The Week Ahead with NAB is brought to you by National Australia Bank [https://www.google.com/url?q=https://www.nab.com.au/&sa=D&source=calendar&ust=1790936597503554&usg=AOvVaw3tCwLZEsDg06E0kWb7rNj2]

Find out more: https://fearandgreed.com.au/ [https://fearandgreed.com.au/]

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Q+A: The Week Ahead with NAB | 28 Sep 2026

Fear and Greed is Australia's most popular business podcast. All the business news you need to know, every day, with business journalist Sean Aylmer and Michael Thompson.

 