Friday,
6 June 2025
New super tax a threat to farming

WITH the federal election behind us the re-elected Labor government seems determined to progress its plan of a proposed tax increase on super balances over $3 million, the so-called Better Targeted Superannuation Bill.

The treasurer has re-affirmed he intends to double the tax on earnings from super balances above $3 million to 30 per cent.

If the Greens in the senate have their way when the new sup...

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