The Greens have announced they are ready to block Labor’s bid to charge wealthy retirees more tax unless the government commits to paid parental leave changes, claiming women are “sick of waiting”. Earlier this year, the government got the Opposition off-side when they confirmed their plan to double the concessionalContinue Reading
Secret modelling into just how many Australians would be affected by a proposed superannuation tax change has been ordered to be handed over. The government has been given a week to hand over the Treasury forecasts or risk being in contempt of the Senate. Last week, Treasurer Jim Chalmers announcedContinue Reading
Treasurer Jim Chalmers has hit back at “ridiculous and dishonest” claims the government is making “reckless” changes to national superannuation policy in a heated rebuttal to his Coalition counterpart. As the debate ignites around the hotly contested changes, Mr Chalmers told the ABC that Opposition Treasurer Angus Taylor was spreadingContinue Reading
More than 500,000 people are likely to be slugged over the coming decades with the federal government’s proposed tax increase for superannuation accounts over $3m. New estimates suggest young people will be left worse off by the tax increase on super earnings, up from 15 to 30 per cent, dueContinue Reading
Anthony Albanese has slammed the door shut on a future change to a tax break on the family home after the Treasurer failed to categorically rule it out despite being asked repeatedly. Jim Chalmers was attempting to sell the government’s decision to lift taxes on superannuation funds that exceed aContinue Reading
The opposition has accused the Albanese government of walking away from an election promise after the announcement of “modest” changes to the superannuation system. Australians with more than $3 million in their superannuation accounts will have their concessional tax rate doubled from July 1 2025, in a move predicted toContinue Reading
A pair of Liberal backbenchers have broken ranks and defended Anthony Albanese over claims he has broken an election promise by reigniting a debate on superannuation. Victorian MP Russell Broadbent on Monday said he wasn’t fussed if the Prime Minister was on the verge of an election backflip but saidContinue Reading