From www.smsfadviser.com: The Australia Institute supports the proposed $3 million superannuation tax as a necessary reform to create a fairer super system, emphasising that it would only impact a small fraction of Australians.

Despite its shelving in December, the Labor government shows no indication of abandoning the changes, as public policy experts argue that such measures could help address the significant tax concessions received by the wealthiest individuals.

The future of the legislation hinges on upcoming elections and potential government changes, with ongoing concerns regarding its flawed design and inadequate consultations.

See also: Misleading fear campaigns may kill Labor’s superannuation changes