Latest news with #NickMcKim
The Advertiser
15 hours 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
16 hours 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
16 hours 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.
The Guardian
15-05-2025
- Politics
- The Guardian
Afternoon Update: Larissa Waters named Greens leader; women employed in record numbers; and fake fitness influencers
Good afternoon. The Queensland senator Larissa Waters has called for 'politics with heart' after being elected the Greens' new federal leader. The minor party's 11 senators and lone MP met in Melbourne this afternoon to agree on its fifth parliamentary leader, after Adam Bandt's unexpected loss at the federal election. The former environmental lawyer, who made international headlines as the first person to breastfeed in federal parliament, pledged to rebuild the party's numbers in the lower house, and said she wanted to push for 'a progressive parliament' and work with Labor in the Senate to 'get shit done'. Waters was elected unopposed by her colleagues, with the NSW senator Mehreen Faruqi continuing as deputy leader and Nick McKim remaining as party whip. Child protection worker reveals what Erin Patterson told her in wake of fatal mushroom lunch 'Communal crime car' used by three people who torched Melbourne's Adass Israel synagogue, police allege LNP to cut all funding for Queensland's Environmental Defenders Office, breaking election promise Joel Cauchi's GP says psychiatrist didn't relay mother's concerns about Bondi Junction mass murderer New Zealand MPs who performed haka in parliament given unprecedented punishment Musk's AI Grok bot rants about 'white genocide' in South Africa in unrelated chats What on earth is happening with Australia's political parties? It's been a helluva week, notes Guardian Australia cartoonist Fiona Katauskas. 'I don't think people should be taking … medical advice from me.' Facing lawmakers for the first time since his confirmation in February, the US health secretary, Robert F Kennedy Jr, refused to say whether he would vaccinate his children if he had to choose today, and defended the Trump administration's proposal to cut healthcare to fund tax cut extensions. Sign up to Afternoon Update Our Australian afternoon update breaks down the key stories of the day, telling you what's happening and why it matters after newsletter promotion A record share of Australian women were employed in April, according to the latest Australian Bureau of Statistics figures – up by 65,300 jobs. The total unemployment rate remains 4.1%, and 89,000 new jobs were created in April. The treasurer, Jim Chalmers, said low unemployment and lower inflation meant Australia was 'well prepared for the challenges coming at us from abroad'. Fake fitness influencers: the secrets and lies behind the world's most enviable physiques Brian 'Liver King' Johnson's raw-meat-to-ripped-abs regime has been exposed as a fraud in a Netflix documentary – but thousands of other influencers claim their bulging muscles are just the result of hard, honest graft. Should we believe them? Today's starter word is: ABY. You have five goes to get the longest word including the starter word. Play Wordiply. If you would like to receive this Afternoon Update to your email inbox every weekday, sign up here, or start your day with a curated breakdown of the key stories you need to know with our Morning Mail newsletter. You can follow the latest in US politics by signing up for This Week in Trumpland.
