From financialnewswire.com.au: The Greens may influence the Government’s decision on indexing the $3 million superannuation tax concession policy since they advocate for both lowering the threshold to $2 million and indexation to prevent bracket creep.
Treasurer Jim Chalmers acknowledged the need for potential threshold changes by future governments, countering assumptions that the $3 million figure would remain static.
He indicated that discussions with the Senate cross-bench regarding the legislation are expected to happen soon as the Senate composition is finalized.