** Investment bond solutions provider Generation Development GDG.AX is poised to benefit from Australia's prospective Division 296 tax law changes, according to Jefferies

** Law targets earnings on superannuation balances above A$3 million by lifting the tax rate from 15% to 30%

** Jefferies sees legislation as boosting demand for GDG's' investment bonds

** Reaffirms its 'Buy' rating at price target of A$6/shr

** Four analysts who cover the stock rate it "buy" or higher; their mean PT is A$5.68 – LSEG data

** Stock up 40.5% YTD

(Reporting by Kumar Tanishk in Bengaluru; Editing by Cynthia Osterman)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))