Anthony Albanese says the plan to double the tax rate on superannuation balances above $3m remains unchanged, after revelations of fresh Treasury modelling heightened speculation the government was open to potential tweaks.

The prime minister also downplayed the significance of his office becoming directly involved, saying there was “nothing unusual” about Treasury briefing his team on the contentious proposal.

The government didn’t have the numbers in the last term to pass laws to put an extra 15% tax on earnings of balances above $3m and has yet to re-introduce the legislation since its thumping 2025 federal election win. Fewer than 1% of households with multimillions in super could struggle to pay Labor’s tax, study finds Read more

Announced in February 2023, the changes have bee

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