Treasurers’ pledge to ‘end the super wars’ likely to fuel fears of tax concession crackdown

Treasurer proposes to enshrine in law a new definition of super to guide future policy decisions

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Australia’s superannuation system must be “equitable and sustainable”, the federal government has declared, in a move that will fuel speculation about a future budget crackdown on tax concessions at the top end.

The treasurer, Jim Chalmers, will say in a speech in Sydney on Monday that he wants to “end the super wars once and for all and make sure that future changes to the system are compatible with its very objective”.

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