Overview

• The prime minister said the government will keep pursuing its current tax-cut agenda but signalled further reform is possible.
• Treasurer Jim Chalmers reiterated that concessional treatment of superannuation for retirees is unchanged.
• Chalmers confirmed the proposal to tax earnings on super balances above $3 million will not be introduced this sitting and would start being calculated from the second half of next year.
• He said intergenerational fairness will guide options and left open targeted measures to spur business investment, including potential corporate tax changes if affordable.
• The roundtable will inform work across the next three budgets, with ideas canvassed such as an EV-only road-user charge and regulatory and approvals changes to lift housing and productivity.