Labor may team up with Coalition to pass $3m superannuation accounts tax legislation

Deputy Liberal leader insists the treasurer would have to radically change the proposal first

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Labor could shun the Greens and work with the Coalition on increasing taxes on superannuation accounts worth more than $3m, after the prime minister, Anthony Albanese, signalled he was open to constructive talks to pass the delayed legislation.

The deputy Liberal leader, Ted O'Brien, this week suggested possible talks as part of efforts to help address the structural budget deficit, but insisted the treasurer, Jim Chalmers, would have to radically change the proposal, including ending moves to tax unrealised gains.

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