Angus Taylor says Labor has breached trust with ‘reckless’ superannuation changes

Shadow treasurer Angus Taylor’s says proposed changes to superannuation balances of $3m or more will have ‘much bigger reach than Labor is pretending’. Photograph: Dan Himbrechts/AAP

Upping the tax concession on super earnings above $3m is “reckless”, the shadow treasurer Angus Taylor says, as the government gears up for another week of policy debate in the shadow of the Aston byelection.

But government minister Tony Burke said it would be irresponsible to avoid making changes to the super tax concessions, given the cost trajectory.