Jim Chalmers will propose slamming the door shut on early access to retirement savings when he unveils Labor’s long-awaited objective for superannuation on Monday, with the policy to spark renewed calls to scale back generous tax breaks.
Dr Chalmers will announce a consultation on legislating a purpose for Australia’s $3.3 trillion superannuation system, which he says will serve as a “true north” for future changes to retirement income policy.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
