Keating praises super backdown – but with such a feeble opposition, Labor should spend more political capital

If Albanese and Chalmers are to achieve the intergenerational fairness they say Australia so badly needs, much bigger fights than this will be necessary

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It has been clear for a while that something was up on the government’s plans to wind back superannuation concessions for retirement accounts worth more than $3m.

Announced way back in February 2023, Labor had gone quiet on the plan to impose an extra 15% tax on earnings for the most well off.