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AAP
AAP
Business
Ben McKay

NZ government in super tax backtrack

NZ Opposition leader Chris Luxon has lashed the government over its supertax backdown. (Ben McKay/AAP PHOTOS) (AAP)

The New Zealand government has been forced into an embarrassing backdown on tax policy after realising its own reform would hit Kiwis' superannuation by millions.

And the winners are Australian-owned super providers, who can continue to dodge GST on fees, and the opposition, who made merry with the government's political blunder.

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