Original article by Phillip Coorey
The Australian Financial Review – Page: 7 : 7-Mar-23

The federal government’s plan to increase the tax on earnings on superannuation balances above $3 million from 15 to 30 per cent is currently only slated to impact 0.5 per cent of all superannuation account holders. However, the government has confirmed that this will rise to one in 10 people within 30 years, because the cap will not be indexed to inflation. Treasurer Jim Chalmers has stated that if a future government wants to index the cap, then that would be their prerogative.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY