Why Chalmers backtracked on big super balances
Oct 18, 2025 •
This week, the federal government dramatically re-wrote its signature tax policy.
The changes mean that a small section of people with very high super balances will pay less tax.
That backflip has big consequences – for the government's budget, and for its commitment to addressing wealth inequality in this country.
Today, press gallery journalist Paul Bongiorno, on why the government caved to pressure from outside, and within, its own ranks.
If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
Why Chalmers backtracked on big super balances
1695 • Oct 18, 2025
Why Chalmers backtracked on big super balances
This week, the federal government dramatically re-wrote its signature tax policy.
The changes mean that a small section of people with very high super balances will pay less tax.
That backflip has big consequences – for the government's budget, and for its commitment to addressing wealth inequality in this country.
Today, press gallery journalist Paul Bongiorno, on why the government caved to pressure from outside, and within, its own ranks.
If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
Guest: Press gallery journalist Paul Bongiorno
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7am is a daily show from Solstice Media.
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