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Australian Labor Passes Super Tax, Boosts Low-Income Offset

Published 1 day, 22 hours ago
Description

Australian Labors super tax bill passes Senate, boosting low-income super tax offset to $810. The updated plan, with a $10 million cap and offset boost, will raise $2 billion annually by 2028-29, down from an earlier estimate of $2.5 billion. The Greens view this as a step towards larger tax changes in the upcoming May budget.

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