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Labor's Super Tax Faces Crossbench Resistance as New MP Signals Opposition

Labor's Super Tax Faces Crossbench Resistance as New MP Signals Opposition

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Miko Santos
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Jaime Bada
Jun 05, 2025
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Labor's Super Tax Faces Crossbench Resistance as New MP Signals Opposition
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Nicolette Boele has signaled she will likely oppose Labor's controversial superannuation tax on unrealized gains above $3 million, potentially complicating the government's efforts to pass one of its key revenue-raising measures through a hostile Senate.

The newly elected independent MP for Bradfield told Sky News AM Agenda on Thursday that the proposed tax lacks support in her electorate and disadvantages certain superannuation account holders, marking her first major policy position since claiming victory by just 27 votes.

"It's very likely that that's not something that I'm going to be able to support, no," Boele said when asked about the super tax proposal. "It's something that people in the electorate have told me they're not happy with."

The opposition from Boele adds to Labor's mounting challenges in securing passage of the legislation, which would tax unrealized gains in superannuation accounts exceeding $3 million at 30% instead of the current 15% concessional rate.

Labor MP Jerome Laxale, representing the nearby seat of Bennelong, defended the policy in the same program, describing it as affecting only 0.5% of Australians with superannuation accounts and maintaining concessional tax treatment below the top marginal rate of 45%.


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