AusPol / 27 February 2023
Not ruling in, but ruling out
After floating the balloon last week, Treasurer Jim Chalmers says the Albanese Government is looking at the tax breaks offered to Aussies with super balances of more than $3 million – which equates to less than 1% of the population. Speaking yesterday, Chalmers said those who have more than that amount are attracting “incredibly concessional tax arrangements”, and with the government’s finances squeezed, tax breaks on multi-million-dollar balances could change. Over the weekend, Coalition MPs said any changes to super would mean the Albanese Government mislead voters. Feeling a bit more ready with the red pen was Climate and Energy Minister Chris Bowen… He says the government won’t take up a Greens’ suggestion of imposing bans on new coal and gas projects. That’s come up as part of negotiations for measures to help hit Australia’s more ambitious emissions reduction targets.
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