‘Our policy stands’: PM downplays Treasury advice on doubling tax rate for superannuation over $3m

Albanese reiterates policy despite reports his government was reconsidering changes to address criticisms of taxing ‘unrealised gains’

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Anthony Albanese says the plan to double the tax rate on superannuation balances above $3m remains unchanged, after revelations of fresh Treasury modelling heightened speculation the government was open to potential tweaks.

The prime minister also downplayed the significance of his office becoming directly involved, saying there was “nothing unusual” about Treasury briefing his team on the contentious proposal.