Political showdown on superannuation looms

JIM CHALMERS PRESSER

Federal Treasurer Jim Chalmers Source: AAP / MICK TSIKAS/AAPIMAGE

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It follows the federal government's announced increase to the tax rate for people with more than three million dollars in their super balance. But the Liberals are promising to repeal the plan if the Coalition wins the election in the first half of 2025, signalling a battle over the super system.

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