Latest news with #NickMcKim
Epoch Times
2 days ago
- Business
- Epoch Times
Greens ‘Absolutely Ready' to Negotiate With Labor on New Super Tax
The Greens have expressed readiness to cooperate with the Albanese government on its proposed changes to superannuation. Greens treasury spokesman Nick McKim said the party was 'absolutely ready' to engage with Treasurer Jim Chalmers on legislation that would double the tax rate on super balances with $3 million from 15 to 30 per cent.
The Advertiser
3 days ago
- Business
- The Advertiser
Greens strike conciliatory tone on super tax changes
The Greens are "absolutely ready" to work with Labor to make proposed changes to superannuation, acknowledging the mandate voters gave the Albanese government at the election. Labor is looking to double the tax rate of super balances above $3 million to 30 per cent, in a bid to limit the number of wealthy people using their balances for tax deductions rather than their retirements. The coalition has vowed to oppose the changes, labelling them unfair. With the government lacking a majority in the Senate, it needs the Greens or the coalition to pass legislation through the parliament. Greens treasury spokesman Nick McKim said he expected to begin negotiations with Treasurer Jim Chalmers before the new parliament returns at the end of July. "We are absolutely ready to work with with the treasurer and with Labor to try and move the superannuation system a little bit back towards what its original intent was when it was set up," he told ABC's RN on Monday. "We want the system to be as fair and as strong as it can be in terms of providing for a dignified retirement for working Australians, and that'll be our aim." Senator McKim said Dr Chalmers was a "re-elected treasurer in a re-elected government" which had taken the proposal to the May poll. Striking a more conciliatory tone, the Greens have previously been criticised for delaying Labor's housing bills during a crisis. The minor party lost three of its four lower house seats to Labor in a near wipe-out in the House of Representatives. Former Greens leader Adam Bandt also lost his seat after 15 years in parliament. The vast majority of Australians are unlikely to feel the impact of Labor's proposal, with the median super balance for 60 to 64-year-olds sitting at about $200,000 for men and $150,000 for women. Deputy Nationals leader Kevin Hogan said the coalition remained strongly opposed to taxing unrealised gains. "I don't know of many examples around the world that do that, and it's very damaging," he told ABC's RN. "The non indexation of that makes an exceptionally penalising policy as well." The Greens are "absolutely ready" to work with Labor to make proposed changes to superannuation, acknowledging the mandate voters gave the Albanese government at the election. Labor is looking to double the tax rate of super balances above $3 million to 30 per cent, in a bid to limit the number of wealthy people using their balances for tax deductions rather than their retirements. The coalition has vowed to oppose the changes, labelling them unfair. With the government lacking a majority in the Senate, it needs the Greens or the coalition to pass legislation through the parliament. Greens treasury spokesman Nick McKim said he expected to begin negotiations with Treasurer Jim Chalmers before the new parliament returns at the end of July. "We are absolutely ready to work with with the treasurer and with Labor to try and move the superannuation system a little bit back towards what its original intent was when it was set up," he told ABC's RN on Monday. "We want the system to be as fair and as strong as it can be in terms of providing for a dignified retirement for working Australians, and that'll be our aim." Senator McKim said Dr Chalmers was a "re-elected treasurer in a re-elected government" which had taken the proposal to the May poll. Striking a more conciliatory tone, the Greens have previously been criticised for delaying Labor's housing bills during a crisis. The minor party lost three of its four lower house seats to Labor in a near wipe-out in the House of Representatives. Former Greens leader Adam Bandt also lost his seat after 15 years in parliament. The vast majority of Australians are unlikely to feel the impact of Labor's proposal, with the median super balance for 60 to 64-year-olds sitting at about $200,000 for men and $150,000 for women. Deputy Nationals leader Kevin Hogan said the coalition remained strongly opposed to taxing unrealised gains. "I don't know of many examples around the world that do that, and it's very damaging," he told ABC's RN. "The non indexation of that makes an exceptionally penalising policy as well." The Greens are "absolutely ready" to work with Labor to make proposed changes to superannuation, acknowledging the mandate voters gave the Albanese government at the election. Labor is looking to double the tax rate of super balances above $3 million to 30 per cent, in a bid to limit the number of wealthy people using their balances for tax deductions rather than their retirements. The coalition has vowed to oppose the changes, labelling them unfair. With the government lacking a majority in the Senate, it needs the Greens or the coalition to pass legislation through the parliament. Greens treasury spokesman Nick McKim said he expected to begin negotiations with Treasurer Jim Chalmers before the new parliament returns at the end of July. "We are absolutely ready to work with with the treasurer and with Labor to try and move the superannuation system a little bit back towards what its original intent was when it was set up," he told ABC's RN on Monday. "We want the system to be as fair and as strong as it can be in terms of providing for a dignified retirement for working Australians, and that'll be our aim." Senator McKim said Dr Chalmers was a "re-elected treasurer in a re-elected government" which had taken the proposal to the May poll. Striking a more conciliatory tone, the Greens have previously been criticised for delaying Labor's housing bills during a crisis. The minor party lost three of its four lower house seats to Labor in a near wipe-out in the House of Representatives. Former Greens leader Adam Bandt also lost his seat after 15 years in parliament. The vast majority of Australians are unlikely to feel the impact of Labor's proposal, with the median super balance for 60 to 64-year-olds sitting at about $200,000 for men and $150,000 for women. Deputy Nationals leader Kevin Hogan said the coalition remained strongly opposed to taxing unrealised gains. "I don't know of many examples around the world that do that, and it's very damaging," he told ABC's RN. "The non indexation of that makes an exceptionally penalising policy as well." The Greens are "absolutely ready" to work with Labor to make proposed changes to superannuation, acknowledging the mandate voters gave the Albanese government at the election. Labor is looking to double the tax rate of super balances above $3 million to 30 per cent, in a bid to limit the number of wealthy people using their balances for tax deductions rather than their retirements. The coalition has vowed to oppose the changes, labelling them unfair. With the government lacking a majority in the Senate, it needs the Greens or the coalition to pass legislation through the parliament. Greens treasury spokesman Nick McKim said he expected to begin negotiations with Treasurer Jim Chalmers before the new parliament returns at the end of July. "We are absolutely ready to work with with the treasurer and with Labor to try and move the superannuation system a little bit back towards what its original intent was when it was set up," he told ABC's RN on Monday. "We want the system to be as fair and as strong as it can be in terms of providing for a dignified retirement for working Australians, and that'll be our aim." Senator McKim said Dr Chalmers was a "re-elected treasurer in a re-elected government" which had taken the proposal to the May poll. Striking a more conciliatory tone, the Greens have previously been criticised for delaying Labor's housing bills during a crisis. The minor party lost three of its four lower house seats to Labor in a near wipe-out in the House of Representatives. Former Greens leader Adam Bandt also lost his seat after 15 years in parliament. The vast majority of Australians are unlikely to feel the impact of Labor's proposal, with the median super balance for 60 to 64-year-olds sitting at about $200,000 for men and $150,000 for women. Deputy Nationals leader Kevin Hogan said the coalition remained strongly opposed to taxing unrealised gains. "I don't know of many examples around the world that do that, and it's very damaging," he told ABC's RN. "The non indexation of that makes an exceptionally penalising policy as well."
West Australian
3 days ago
- Business
- West Australian
Greens strike conciliatory tone on super tax changes
The Greens are "absolutely ready" to work with Labor to make proposed changes to superannuation, acknowledging the mandate voters gave the Albanese government at the election. Labor is looking to double the tax rate of super balances above $3 million to 30 per cent, in a bid to limit the number of wealthy people using their balances for tax deductions rather than their retirements. The coalition has vowed to oppose the changes, labelling them unfair. With the government lacking a majority in the Senate, it needs the Greens or the coalition to pass legislation through the parliament. Greens treasury spokesman Nick McKim said he expected to begin negotiations with Treasurer Jim Chalmers before the new parliament returns at the end of July. "We are absolutely ready to work with with the treasurer and with Labor to try and move the superannuation system a little bit back towards what its original intent was when it was set up," he told ABC's RN on Monday. "We want the system to be as fair and as strong as it can be in terms of providing for a dignified retirement for working Australians, and that'll be our aim." Senator McKim said Dr Chalmers was a "re-elected treasurer in a re-elected government" which had taken the proposal to the May poll. Striking a more conciliatory tone, the Greens have previously been criticised for delaying Labor's housing bills during a crisis. The minor party lost three of its four lower house seats to Labor in a near wipe-out in the House of Representatives. Former Greens leader Adam Bandt also lost his seat after 15 years in parliament. The vast majority of Australians are unlikely to feel the impact of Labor's proposal, with the median super balance for 60 to 64-year-olds sitting at about $200,000 for men and $150,000 for women. Deputy Nationals leader Kevin Hogan said the coalition remained strongly opposed to taxing unrealised gains. "I don't know of many examples around the world that do that, and it's very damaging," he told ABC's RN. "The non indexation of that makes an exceptionally penalising policy as well."
Perth Now
3 days ago
- Business
- Perth Now
Greens strike conciliatory tone on super tax changes
The Greens are "absolutely ready" to work with Labor to make proposed changes to superannuation, acknowledging the mandate voters gave the Albanese government at the election. Labor is looking to double the tax rate of super balances above $3 million to 30 per cent, in a bid to limit the number of wealthy people using their balances for tax deductions rather than their retirements. The coalition has vowed to oppose the changes, labelling them unfair. With the government lacking a majority in the Senate, it needs the Greens or the coalition to pass legislation through the parliament. Greens treasury spokesman Nick McKim said he expected to begin negotiations with Treasurer Jim Chalmers before the new parliament returns at the end of July. "We are absolutely ready to work with with the treasurer and with Labor to try and move the superannuation system a little bit back towards what its original intent was when it was set up," he told ABC's RN on Monday. "We want the system to be as fair and as strong as it can be in terms of providing for a dignified retirement for working Australians, and that'll be our aim." Senator McKim said Dr Chalmers was a "re-elected treasurer in a re-elected government" which had taken the proposal to the May poll. Striking a more conciliatory tone, the Greens have previously been criticised for delaying Labor's housing bills during a crisis. The minor party lost three of its four lower house seats to Labor in a near wipe-out in the House of Representatives. Former Greens leader Adam Bandt also lost his seat after 15 years in parliament. The vast majority of Australians are unlikely to feel the impact of Labor's proposal, with the median super balance for 60 to 64-year-olds sitting at about $200,000 for men and $150,000 for women. Deputy Nationals leader Kevin Hogan said the coalition remained strongly opposed to taxing unrealised gains. "I don't know of many examples around the world that do that, and it's very damaging," he told ABC's RN. "The non indexation of that makes an exceptionally penalising policy as well."
Daily Mail
27-05-2025
- Politics
- Daily Mail
BREAKING NEWS Jacqui Lambie beats One Nation leader Pauline Hanson's daughter to win Senate seat
Jacqui Lambie has secured the fifth seat in the Tasmanian Senate, edging out One Nation leader Pauline Hanson 's daughter, Lee Hanson. The Australian Electoral Commission confirmed the count on Tuesday morning following a tightly-contested electoral race. The Jacqui Lambie Network senator will join Liberal senators Richard Colbeck and Claire Chandler, Labor senators Carol Brown and Richard Dowling and Greens senator Nick McKim in rounding out the island state's six upper house representatives. More to come.
