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Over the weekend, Labor’s shadow Treasurer, Jim Chalmers, vigorously attacked Treasurer Josh Frydenberg for refusing to rule-out axing scheduled increases in Australia’s superannuation guarantee (compulsory super):
Labor’s treasury spokesman Jim Chalmers warned on Sunday that the government should rule out any future rollback.
“These weasel words from Josh Frydenberg are not good enough – especially in the wake of the campaign from Coalition backbenchers to axe the scheduled increase,” Dr Chalmers said.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.