The wealthiest Australians are taxed differently from the rest of us, because they earn much of their money in a different way.
Michelle Grattan and Mike Callaghan discuss the government's change to super, the complexities regarding it, and whether young people should be able to access it for a house deposit
Michelle Grattan and politics editor Amanda Dunn discuss the latest interest rate rise, the polling reaction to the Super tax hike, the PM's visit to India and the Monique Ryan/Sally Rugg court case
The Albanese government suffered a small setback on two party preferred figures in the latest Newspoll – but there was good news on its proposed super tax changes.
In superannuation, the detail matters, although Treasurer Jim Chalmers would argue there are always points to be nailed down with such changes
Word from The Hill 0103.
Author provided8.33 MB (download)
As well as her interviews with politicians and experts, Politics with Michelle Grattan includes “Word from The Hill”, where she discusses the news with members of The Conversation’s politics team
You’d never know it from some of the “socialist tax grab” outrage this week, but Jim Chalmers isn’t the first treasurer to act on this super rort.
The Treasurer pointed out the majority of the about $50 billion in super tax breaks go to high income earners
In policy terms, these are important debates. Politically, though, anything to do with superannuation is fraught, especially for a government already grappling with difficult economic issues
Treasurer Jim Chalmers has used words with specific meanings in the objective he intends to legislate, among them “preserve”, “dignified”, “equitable” and “sustainable”.
Your super is likely exposed to major nature-based risks. How big a risk? We don’t know - because to date, banks and super funds haven’t looked into it. But that’s likely to change
Critics of Jim Chalmers’ plan to use superannuation to pay for social housing say super holdings belong to members. But social housing is a reliable investment and benefits everyone.
Commonwealth Bank data shows the Australians who withdrew super spent more, but paid down their debt.
Unemployed Australians who accessed their super during COVID stayed on benefits seven weeks longer than similarly-placed recipients who did not.
Making sure your fund’s financial values align with your ethical values isn’t that simple – but here’s what you can do.
The requirement that super funds act in the best financial interests of their members is up for review, as is the nature of the performance test that weeds out poorly-performing funds.
Our research shows the co-contribution scheme does little to help low and middle-income earners. The new Albanese government should consider discontinuing it – saving hundreds of millions of dollars.
Australian retirees die with most of the super they had when they finished work. There’s a measure in the budget that threatens to entrench that.
Opinion and evidence differ on minimum wage policies, but one thing seems clear – they need to be better integrated within a wider economic support strategy.
The Australian government’s spending on its biggest tax concessions has jumped 24% in the past year.