Greens ‘Absolutely Ready’ to Negotiate With Labor on New Super Tax

The Labor government is pushing to double the tax rate on retirements funds with over $3 million.

Greens Senator Nick McKim addresses media at Parliament House in Canberra, Australia, on May 14, 2020. Sam Mooy/Getty Images

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.