Government Backs Down, Drops Plan to Tax Unrealised Super Gains

The treasurer has unveiled a $10 million super tax tier, indexation, and will delay the start to July 2026.
Government Backs Down, Drops Plan to Tax Unrealised Super Gains
Treasurer Jim Chalmers at a press conference at Parliament House in Canberra, Australia on July 30, 2025. AAP Image/Mick Tsikas
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The Albanese government has watered down one of its most contentious revenue measures, removing a planned tax on unrealised capital gains.

Two years after it was first unveiled, the reworked plan—approved by cabinet on Oct. 13— softens key elements of the original policy by introducing indexed thresholds, removing the tax on unrealised capital gains, and delaying implementation by a year.

Naziya Alvi Rahman
Naziya Alvi Rahman
Author
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].