Superannuation: David Murray attacks Labor and treasurer Jim …

While big funds praised the changes, the super plan will face opposition in federal parliament and was immediately attacked by Opposition Leader Peter Dutton, who said Labor had a secret plan to incr… See more

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David Murray Warns On Chalmers’ Future Fund | The Australian

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Nov 21, 2024 · David Murray says Labor’s Future Fund investment mandate changes increase risk profile. Former chairman David Murray believes Labor’s use of the $230bn sovereign …

theaustralian.com.au

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Labor And Greens Set For Standoff Over Superannuation Tax Plan

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Nov 26, 2024 · Labor and Greens set for another standoff, this time over $3m-plus super balances. A fresh fight is looming between Labor and the Greens, this time over changes to …

news.com.au

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Treasury Future Fund Founder Peter Costello Warns Labor’s …

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Nov 21, 2024 · Treasurer Jim Chalmers on Thursday hit back at criticisms that a planned overhaul of the $230 billion Future Fund to prioritise housing, renewable energy projects and security …

thenightly.com.au

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Treasurer Jim Chalmers’ ‘super Tax’ Faces Defeat

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Jan 20, 2025 · Proposed legislation has sought to increase the tax rate on superannuation earnings above $3 million from 15 per cent to 30 per cent. Treasurer Jim Chalmers’ plans to …

skynews.com.au

FAQs about Superannuation: David Murray attacks Labor and treasurer Jim … Coupon?

Does labor's plan to stop super fund members accessing their savings unfairly?

The Coalition has also suggested that Labor’s plan to stop super fund members accessing their compulsory super savings to help purchase their first homes, as proposed by the opposition before it lost government in May, unfairly limited access to the housing market. ...

Did the new superannuation policy undermine the fund's founding objectives?

Scott Hargreaves, executive director of the Institute of Public Affairs, told the Nightly the new policy undermined the fund’s founding objectives to meet unfunded superannuation liabilities, contribute to national savings and increase net worth. ...

Will Jim Chalmers Slam the door shut on early retirement savings?

Jim Chalmers will propose slamming the door shut on early access to retirement savings when he unveils Labor’s long-awaited objective for superannuation on Monday, with the policy to spark renewed calls to scale back generous tax breaks. ...

Will labor change the superannuation system?

Prior to the Federal Election, then-opposition leader Anthony Albanese was steadfast in his claims that Labor wouldn’t change the Superannuation system. In May 2022 he said he had “no intention of making any super changes” and also told ABC Insiders in March of the same year a Labor government would “maintain the system”. ...

What is the purpose of superannuation?

Dr Chalmers’ proposal is far broader than the purpose of superannuation suggested by David Murray’s Financial System Inquiry in 2014, which said the primary aim of superannuation was “to provide income in retirement to substitute or supplement the age pension”, alongside six subsidiary goals like alleviating pressure on the federal budget. ...

Are tax breaks for superannuation sustainable?

Announcing Labor’s long-awaited draft purpose for super, Treasurer Jim Chalmers warned the $50 billion annual cost of tax breaks for superannuation was not “sustainable” as he said he wanted to “elevate and broaden” the powerful sector’s role in the economy. ...