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Full Story Newsroom edition: can Labor stare down its critics?
Jun 5, 2025
Join Josephine Tovey, National News Editor at Guardian Australia, and Mike Ticher, Head of Newsroom at Guardian Australia, as they dissect the Albanese government's proposed tax on super balances over $3 million. They explore the media's critical reception and the potential impacts on young Australians' retirement savings. With discussions on Labor's strategies amidst backlash and political alliances with the Greens, the duo offers insights into navigating media landscapes and public opinion in an evolving political climate.
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Media Fueled Superannuation Storm
- The superannuation tax changes sparked a media storm largely driven by a couple of outlets rather than widespread public concern.
- Most negative coverage began just before the 2022 election and has maintained momentum since, despite limited broader public interest.
Limited Impact of Coalition's Campaign
- The coalition's campaign against the superannuation changes is unlikely to resonate widely with middle Australia.
- Few Australians realistically expect to have $3 million in super, limiting the impact of the criticism outside political circles.
Low Political Risk for Labor
- Despite melodramatic headlines, the superannuation tax changes target a tiny top fraction of Australians.
- Labor faces minimal political risk enforcing this modest reform, given its recent election victory and public opinion.