The Latest Breaking News from Jim Chalmers

The changes will apply to around 80,000 people

Treasurer Jim Chalmers will double the tax rates paid by Australians with superannuation account balances worth more than $3 million, in a move he says is about budget sustainability and equity.

Treasurer Jim Chalmers says analysis will ‘help increase public awareness and inform debate about the fairness and efficiency of the tax system’

Australians with superannuation balances above $3 million will attract less generous tax breaks under changes due to come into force in 2025.

Two Liberal MPs agree with Treasurer Jim Chalmers’ call to discuss superannuation tax breaks, and NT police say Zachary Rolfe, the police officer who fatally shot an Indigenous teenager, will face consequences for what he wrote in a 2500-word open letter. (Aboriginal and Torres Strait Islander readers are warned that…

The worst thing a government can do, according to opposition politicians and some of the commentariat, is to break election promises.

'Poverty is a political choice, don't make it yours,' advocate told senators.

Angus Taylor says Coalition will fight any changes but Tasmanian MP Bridget Archer says we should not ‘shy away from having a conversation’

Political stoush over super tax turns nasty as latest figures show use of retirement funds by wealthy investors dodging tax has exploded.

A bitter war of words is continuing between the federal government and the opposition as Labor continues to float winding back tax breaks on the nation's highest superannuation balances.

Treasurer Jim Chalmers says the fundamentals of super will remain untouched and his floated changes to tax breaks on large balances are not controversial.