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Interesting article.
Treasury is concerned the Albanese government’s proposed new tax on superannuation balances above $3 million could be hit by a legal challenge and has confirmed aspects of the controversial policy are under active review.
A Treasury letter in response to a freedom of information request from Liberal senator Andrew Bragg declined to release 15 of the 16 documents identified in the department’s internal search, in part blaming legal professional privilege for advice that could be used in potential future court cases.
Treasury fears legal challenge to $3m superannuation tax
Treasury is anticipating legal action against the proposed new tax on superannuation balances above $3 million and signalled the policy may be changed.
Treasury is concerned the Albanese government’s proposed new tax on superannuation balances above $3 million could be hit by a legal challenge and has confirmed aspects of the controversial policy are under active review.
A Treasury letter in response to a freedom of information request from Liberal senator Andrew Bragg declined to release 15 of the 16 documents identified in the department’s internal search, in part blaming legal professional privilege for advice that could be used in potential future court cases.