Politics with Michelle Grattan: Chair of Retirement Income Review, Mike Callaghan, on reforming superannuation

Treasurer Jim Chalmers sparked a political row when he announced a tax hike on superannuation concessions for accounts with balances over $3 million, from 15% to 30%, to begin in 2025. Polling indicates the move has broad support from the public, although any change to super is always controversial. Opposition leader Peter Dutton has promised the change would be reversed by a Coalition government.

Mike Callaghan, a former treasury official, chaired the Retirement Income Review that was handed to the Morrison government in 2020.

Callaghan sees the Chalmers’ change to super as “an important step”.

Mentioned in this episode:

The Making of an Autocrat

Search: "The Conversation Weekly" for our new series. Is America watching its democracy unravel in real time? In The Making of an Autocrat from The Conversation, six of the world’s pre-eminant scholars reveal the recipe for authoritarian rule. From capturing a party, to controlling the military, Donald Trump is borrowing from the playbook of strongmen thoughout history. This is the story of how democracies falter — and what might happen next.

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