Manager of Opposition Business Alexander Hawke and Deputy Leader of the Opposition Ted O’Brien react to an answer in Question Time in Canberra, Australia, on Oct. 9, 2025. Hilary Wardhaugh/Getty Images
Shadow Treasurer Ted O’Brien has described Treasurer Jim Chalmers’ backflip on taxing unrealised capital gains under his superannuation reforms as a “victory” for hard-working Australians.
“I think this is a victory for those everyday Australians who were otherwise going to be taxed unfairly by the government. It is, first and foremost, a victory for them,” O’Brien said on ABC Radio National.