Super Tax – status update

The NFF recently provided an update on the Australian Government’s ‘Super tax plans’. According to the NFF this month in Senate Estimates in Canberra and more recently there was a line of questioning on the Super Tax. Linked below is a video of the proceedings and some recent media coverage on this issue.

Go to the Senate Estimates proceedings video HERE – Super Tax questions running from 3h.59m to 4h.28m.

The NFF recently communicated that, though not much has been revealed, the estimates questions and recent media coverage provided them with an opportunity to make public comment: “we have also backgrounded some journalists to try and keep momentum going”.

The media coverage that appeared on this issue appeared in the Australian Financial Review (9 October 2025) which stated that “the government is no longer ruling out changes to its contentious proposal to impose a new tax on superannuation balances above $3 million” and also stated that the Treasury is actively examining options to “address concerns raised by various stakeholders”.

Other coverage appeared in The Australian recently in an article with the headline: “Anthony Albanese’s office sought Treasury briefing on super tax backlash”. The article went on to say that: “More than two years after the unlegislated measure was announced, the Prime Minister’s office demanded to know how the criticism – marked by more than 20,000 petition protest signatures in the seven weeks following the election – might change the policy. The revelation came after Treasury revealed last month that the new tax could be hit with a legal challenge and that policy considerations around large superannuation balances “remain under active development by government””.

Avocados Australia members should look out for the next member-only enewsletter, Avo Insider for an update.

This article appears as part of the 24 October 2025 issue of Guacamole, our eNews.

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