The Hon Kevin Hogan MP
Shadow Assistant Treasurer
Shadow Minister for Financial Services
Deputy Manager of Opposition Business
Federal Member for Page
MEDIA STATEMENT
28 August 2026
LABOR’S SNEAKY SUPER TAX
Labor promised they wouldn’t tax your super. That was another lie.
The Budget included a new sneaky tax on your super.
If your super is invested indirectly, through a product like an ETF or another managed investment trust, Labor’s new tax will hit your retirement savings. If your fund holds the same investment directly, nothing changes.
Same investment. Same return. More tax.
The super industry says $372 billion of Australians’ savings is exposed. Self-managed super funds and smaller funds would be hit hardest if it’s not fixed.
The extra cost is around $500 in tax on every $10,000 of affected capital gains. That is twice what Labor gave workers in their income tax cut, taken straight back out of their retirement.
This has been reported on since Monday. Yet there’s silence from the Treasurer.
Australians were promised their super was safe.
Fix it. Immediately.
ENDS
