Among the few outstanding policies the government was unable to ram through the Senate last week was its proposed tax increase on superannuation accounts worth more than $3 million.
The policy, the only revenue measure of any significance the government has proposed this term, hit the fence because the Senate crossbench refused to support it.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com