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Is Turnbull out of time for a super overhaul?

Prime Minister Malcolm Turnbull during Question Time Feb. 23, 2016
Prime Minister Malcolm Turnbull during Question Time Feb. 23, 2016 Source: AAP

No one said politics was easy: Malcolm Turnbull finds himself in a policy squeeze with serious time pressures.


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By Catherine McGrath, Jin Sun Lane

Source: SBS



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No one said politics was easy: Malcolm Turnbull finds himself in a policy squeeze with serious time pressures.


In politics timing is everything. This week it's emerging that time is something Prime Minister Malcolm Turnbull and his team don't have a lot of.

 

The election will be held this year, it could even be in July. The budget is due in May and so far there are no policies other than general discussions about innovation to debate.

 

Mr Turnbull and his team took over in September and five months later they are still in discussions over a tax policy.

 

Insiders admit privately the leadership team lost control of the tax narrative over the GST issue. Now there is frenzied discussion over possible changes to taxation for superannuation with the latest reports the Government is considering cutting current concessional tax rates for capital gains in superannuation earnings in approved funds.

 

The clock is ticking. How patient will voters be?

 


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