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flag Australian Labor proposes a 15% tax on superannuation over $3M, facing opposition from the Coalition.

Labor proposes a 15% levy on superannuation accounts over $3 million in Australia, impacting high-balance holders. The Coalition opposes this change, needing Greens' support for it to pass. Examples show potential impacts on individuals from different occupations and life stages, though exact details are pending. Current 15% tax on all super earnings remains unchanged.

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