Australia news live: WorldPride march closes Sydney Harbour Bridge; NSW Labor to launch election campaign
has defended changes to taxes on superannuation, arguing tax concessions on retirement savings would soon cost more than the aged pension without intervention.
How can we have a situation where we keep hurtling towards a time where superannuation tax concessions cost more than this age pensions, which is where we’re heading. We already have taxation on superannuation, it’s concessional, it’s already there, it’s an advantage to have your money in superannuation.
After being pushed by Speers on the Coalition’s position, Taylor outlines, clearly, his party’s vision for the next election: It ended in disaster, billions in waste – and an ongoing royal commission which is suggested serious failings of the public service and government.22.40 GMTSpeers now asks Taylor about the Coalition’s stated opposition to the super changes and how repealing them will cost the government $2bn a year. Taylor is committed due to the behaviour changes.
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