The federal government's U-turn over the more contentious elements of its superannuation tax overhaul might have been widely welcomed, but it is still facing a number of questions over the revised laws.

Economists almost unanimously welcomed Treasurer Jim Chalmers ' announcement on Monday that the controversial plan has been reworked so that unrealised gains will no longer be taxed.

A second threshold of $10 million will also be established, on top of the already-touted $3 million, at which accounts will face a 40 per cent tax rate on any earnings, and the reform won't come into effect until the 2026-27 financial year (meaning tax returns filed after July 1, 2027, will be the first to be impacted).

Fund managers and financial advisors, though, are awaiting the release of the

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