‘Disastrous’ superannuation tax plan scrapped

Superannuation Tax Plan Scrapped

The federal government has scrapped plans to tax unrealised gains of large superannuation accounts, dubbed a "disaster" for the Australian tech and startup sectors.

Treasurer Jim Chalmers announced a backflip on Labor's planned reforms, removing the 15% tax on earnings for superannuation accounts above $3 million, including unrealised gains.

The plan had been labelled a "disaster" for the Australian tech and startup sectors.

Tech startup sector breathes sigh of relief.

Author's summary: Superannuation tax plan scrapped due backlash.

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Information Age Information Age — 2025-10-15

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