Larry Williams Drive

Australian Treasurer Jim Chalmers has opened a discussion about changing superannuation tax concessions. Chalmers has argued that there needs to be focus on the long-term sustainability of the scheme and future changes to the system need to be compatible with its objective. Chalmers also denounced 'disastrous' policy proposals, namely the decision to withdraw billions of dollars from the superannuation fund during the Covid-19 pandemic. Australian correspondent Oliver Peterson says that Australia has an ageing population who can't rely on the Government funding everyone's pensions making this discussion beneficial.  LISTEN ABOVESee omnystudio.com/listener for privacy information.