Labor Luminaries Join Calls for the Treasurer to Amend Proposed Tax Changes on $3m Super Balances

Labor luminaries join calls for the Treasurer to amend proposed tax changes on $3m super balances

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Labor's super tax another slap in the face for regional Australians - NSW Nationals

Nationals Member for Riverina, Michael McCormack, has slammed the Albanese Labor Government’s new superannuation tax, warning it is a dangerous and deeply unfair attack on Australians who have worked hard and saved diligently. The tax, which will double the tax rate on earnings from superannuation balances above $3 million, has been criticised as a cash… The post Labor’s super tax another slap in the face for regional Australians appeared first …

Future indexation key to $3m super cap - Financial Newswire

Indexation of the Government’s $3 million superannuation tax cap legislation is still up for negotiation to ensure passage of the legislation through the Senate, but key Labor identities are reinforcing that it is matter for future governments, not this one. Attention was yesterday being directed to comments by the secretary of the Australian Council of Trade Unions (ACTU), Sally McManus who agreed during a television interview that there was a …