Greens Back Labor's Higher Tax on Richest Super Balances

The Australian Greens have agreed to support Labor's plan to tax the wealthiest superannuation balances at higher rates, calling it a 'down payment' on broader reform ahead of the federal budget.

9 Mar, 14:00 — 9 Mar, 14:00

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The GuardianMostly Factual40d ago

Richest super balances to be taxed at higher rates after Greens agree to back Labor plan

Greens say support for superannuation tax changes is a ‘down payment’ on Labor pursuing genuine reform in 12 May federal budget Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Labor’s plan to raise the tax rate on the largest super balances will become law after the Greens agreed to wave it through the Senate, ending a three-year political fight over concessions for wealthier retirees. The Greens treasury spokesperson, Nick...

By Dan Jervis-Bardy Chief political correspondent

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Greens Back Labor's Higher Tax on Richest Super Balances

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Richest super balances to be taxed at higher rates after Greens agree to back Labor plan

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