Labor’s watered-down super tax plan creates a fairer system – but it’s far from as fair as it should be

Jim Chalmers says revised superannuation tax reforms still raise a ‘substantial’ amount of money, but it will be much less than before

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Labor has dramatically overhauled its $3m super tax legislation, and the policy is weaker for it. It’s still pushing in the right direction, just not as hard.

None of this bodes well for Jim Chalmers’ lofty vision of a boldly reforming Labor party in those heady early days after May’s landslide election victory.