Government Backs Down, Drops Plan to Tax Unrealised Super Gains

The Albanese government has watered down one of its most contentious revenue measures, removing a planned tax on unrealised capital gains.

Two years after it was first unveiled, the reworked plan—approved by cabinet on Oct. 13— softens key elements of the original policy by introducing indexed thresholds, removing the tax on unrealised capital gains, and delaying implementation by a year.