Overview

• Jim Chalmers confirmed the plan to lift tax on earnings for super balances above $3 million will not be introduced in the upcoming sitting fortnight but will return later.
• He described the change as modest yet meaningful and said liabilities under the measure would not begin to be calculated until the second half of next year.
• The treasurer said intergenerational fairness will guide decisions and that ideas from last week’s economic roundtable will inform the next federal budgets.
• Participants pressed options including changes to capital gains tax, negative gearing and the GST, and Chalmers said he is open to investment‑incentivising tax changes, subject to affordability.
• There was support for an electric‑vehicle road‑user charge, with Chalmers assuring petrol car owners would not face double taxation, while Coalition shadow treasurer Ted O’Brien conceded the opposition misjudged its pre‑election tax stance.