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The Guardian - AU
The Guardian - AU
National
Amy Remeikis

Jim Chalmers opens door to changing superannuation tax concessions

Jim Chalmers
Treasurer Jim Chalmers
Jim Chalmers, the treasurer, has questioned whether tax concessions on superannuation are sustainable while proposing laws to enshrine a new definition of super to guide future policy decisions. Photograph: Mick Tsikas/AAP

The treasurer has opened the door for changes to Australia’s superannuation tax concessions, arguing there needs to be more of a focus on the long-term sustainability of the scheme.

Jim Chalmers said Australia was on track to spend more on super tax concessions than the age pension by 2050, adding he was “not convinced that’s a sustainable way to get to our destination”.

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