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

09.03.2026 16:00 | The Guardian World

Greens say support for superannuation tax changes is a ‘down payment’ on Labor pursuing genuine reform in 12 May federal budgetFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLabor’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 McKim, said the decision to support the watered-down package was a green light for Labor to pursue “bold reform” in the upcoming federal budget, including scaling back the capital gains tax discount and negative gearing. Continue reading...

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