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‘Bad’: Grilling After Huge Super Tax Backflip

The government will tax only cashed-out profits on super balances over $3 million and increase the low income superannuation tax offset for workers.

Summary by News
Labor’s original super tax plan was not “bad policy”, Anthony Albanese’s deputy has said, despite the announcement of sweeping changes that reversed key parts of the initial plan.

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Australian Financial Review broke the news in Sydney, Australia on Monday, October 13, 2025.
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