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Australia unveils major super tax overhaul
Albanese government introduces 40% tax on super balances over $10M, enhancing support for low-income earners in retirement.
Albanese government introduces 40% tax on super balances over $10M, enhancing support for low-income earners in retirement.
The Albanese government has announced sweeping superannuation reforms, introducing a 40% tax on balances over $10 million while boosting support for low-income earners to create a fairer, more sustainable retirement system.
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