Treasurer asks Australians ‘whether we can afford’ tax breaks on biggest superannuation balances

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Treasurer asks Australians ‘whether we can afford’ tax breaks on biggest superannuation balances
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Jim Chalmers defends potential change to super rules for balances over $3m as Coalition vows to oppose it

Taylor denied Howard had been “wheeled out”, saying the former leader had spoken up “on his own volition”.

“The government is flying a number of kites through the media … we’ll have a look at anything the government puts on the table and consider it in good faith,” Bandt said of the super changes. Asked about the Reserve Bank governor, Philip Lowe, and the RBA’s controversial decision to jack up interest rates nine times in a row, Chalmers said they had a “difficult job”.Chalmers said he believed Australia had passed the peak of inflation, which was 7.8% in the year to December, but admitted the outlook was not ideal.

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