Senator David Pocock says hard conversations are needed about policies like superannuation tax concessions for the wealthy amid a cost-of-living crisis, after Labor raised the possibility of broader reform to the system.
The treasurer Jim Chalmers used a speech to super and pension fund managers on Monday to argue super should be “equitable and sustainable”, leading to speculation about the future of super tax concessions, which have already cost the budget more than $50bn in lost revenue and are set to eclipse the aged pension.
