Jim Chalmers defends potential change to super rules for balances over $3m as Coalition vows to oppose it
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The treasurer, Jim Chalmers, has defended potential superannuation changes, asking Australians to consider “whether we can afford” to keep giving large tax concessions to the small number of wealthy people with multimillion dollar balances.
While insisting the Albanese government had made no firm decisions yet, Chalmers claimed it was “not especially controversial” to re-evaluate how tax concessions flowed to people with the highest super balances.
Continue reading…Jim Chalmers defends potential change to super rules for balances over $3m as Coalition vows to oppose itFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe treasurer, Jim Chalmers, has defended potential superannuation changes, asking Australians to consider “whether we can afford” to keep giving large tax concessions to the small number of wealthy people with multimillion dollar balances.While insisting the Albanese government had made no firm decisions yet, Chalmers claimed it was “not especially controversial” to re-evaluate how tax concessions flowed to people with the highest super balances.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…