Chalmers backs down on super indexing, puts in higher tax rate for accounts with $10m

Treasurer defends $4b hit from super tax backdown

An overhaul of a signature Labor tax plan will cost the budget billions, but the treasurer says it...

Labor waters down super tax plan

Labor’s super tax overhaul: Everything you need to know

Labor has dramatically changed its plan to raise the tax on multimillion-dollar super funds, scrapping key components following widespread criticism of the original proposal.

Government Backs Down, Drops Plan to Tax Unrealised Super Gains

The Albanese government has watered down one of its most contentious revenue measures, notably removing a planned tax on unrealised capital gains. Two years after it was first unveiled, the reworked plan—approved by cabinet on Oct. 13— softens key elements of the original policy by introducing indexed thresholds, removing the tax on unrealised capital gains, and delaying implementation by a year. Treasurer Jim Chalmers said the new package refle…

Treasurer Jim Chalmers announces major changes in super backdown

The federal government has announced major changes to its superannuation tax policy, including scrapping a proposed tax on unrealised gains and indexing a $3 million threshold that would have likely captured thousands more of Aussie workers.Treasurer Jim Chalmers said the government would also increase the low-income superannuation tax offset (LISTO) by $310 to $810 from July 1, 2027, and raise the eligibility threshold from $37,000 to $47,000.…

The changes to your superannuation in Treasurer Jim Chalmers' surprise announcement

The government has responded to ongoing criticism, announcing half a dozen changes to the tax reforms they brought to the 2022 election.