CANBERRA, ACT, Dec. 19 -- The Treasurer of Australia issued the following media release:
Today the Albanese Government is releasing draft legislation on reforms to boost the superannuation savings of low‑income workers and make superannuation tax concessions fairer and more sustainable.
We're boosting the Low‑Income Superannuation Tax Offset and making a number of important changes to better target superannuation concessions for large balances.
This is all about helping workers earn more, keep more of what they earn and retire with more at the same time as we strengthen our superannuation system.
The measure we're consulting on from today reduces the tax concessions available to individuals whose total superannuation balance...