The federal government’s deal with the Greens to progress its tax reform agenda in the upper house is drawing criticism from self-managed super fund (SMSF) managers and sections of the business community. Multiple reports say SMSF managers are upset with the changes and how the proposed treatment of SMSFs would affect their funds.
The reports describe the agreement as a “handshake” approach to securing sufficient support for the government’s program, with the Greens playing a role in enabling passage through parliament. They also frame the move within a broader political context, noting Labor is seeking to respond to rising support for One Nation.
Across the outlets, the central point is the same: SMSF operators view the tax proposal negatively and are calling attention to potential impacts on their investments and operations. While the articles focus on the reaction, they do not provide detailed figures in the provided excerpts. Overall, the coverage reflects a dispute between the government’s legislative strategy for tax reform and the finance sector’s concerns about the consequences for SMSFs.
