Sky News host Chris Kenny says Labor has “broken an election promise” with the Albanese government’s super reform.
From 2025-26 super funds valued at more than $3 million will not benefit from generous tax concessions on earnings.
“Another Labor broken promise, and another Labor tax increase, and who could blame the Coalition for going hard on that, and justifiably asking where will it end,” Mr Kenny said. “But look, while Labor should’ve been honest about this before the election, let’s be realistic, they’ve dealt with that pretty neatly, and fairly, by saying their changes won’t come in until after the next election … so voters will get a say before a single dollar of extra tax is paid.
“The real worry with Labor’s super plans remains, however, and that’s the plan to prescribe and guide the investments made by super funds.”
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