Brisbane, Oct 15 (The Conversation) After months of vociferous pushback from the superannuation industry and wealthy investors, Treasurer Jim Chalmers has softened his proposed super tax reforms. The move is a pragmatic political compromise – but it also raises questions about policy consistency and long-term fairness.

The revised plan has three key elements: 1) a boost to the Low-Income Superannuation Tax Offset. The offset ensures low-income workers don’t pay a higher tax rate on their super contribution than on wages 2) a redesigned 30 per cent tax on “future realised earnings” from superannuation balances between AUD 3 million and AUD 10 million, with a higher 40 per cent tax rate for balances above AUD 10 million.

3) the new AUD 3 million and AUD 10 million thresholds will be indexe

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