Opposition Leader Peter Dutton says the Coalition won’t stand by as Australians are 'attacked', vowing to repeal Labor’s changes to super if victorious at the next federal election.
Labor on Tuesday announced that super funds from 2025-26 valued at more than $3 million will not benefit from generous tax concessions on earnings.
Peter Dutton has vowed to repeal the recent changes to superannuation Labor has proposed, should the Coalition win Government at the next election. Picture: NCA NewsWire / Martin Ollman “We're dead against it. And we will repeal it. We're not going to stand by and watch Australians attacked,” he told reporters in Geelong.
Despite pledging not to make changes to the $3 trillion retirement scheme before the May 2022 election, Treasurer Jim Chalmers said the move is important in the “context” of the budget. Picture: NCA NewsWire / Gary Ramage
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Chalmers’ ‘never ever’ super moment aims to get the politics rightJust as Labor gave John Howard no latitude over his GST strategy, the Coalition will give Labor none over this, writes Phillip Coorey.
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