Not surprisingly, Australians with superannuation balances of more than three million dollars perceived as being wealthy are unhappy about paying more tax on their nest egg's earnings from mid-2025.
While the sudden change is broadly welcomed as necessary, there are complaints that the super goal posts have been moved on what's meant to be a long term investment.
Tony Negline is superannuation leader from Chartered Accountants Australia & New Zealand - and he speaking with our senior business correspondent Peter Ryan.
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