Shadow Treasurer Says Super Tax Backflip a ‘Victory’ for Everyday Australians

Manager of Opposition Business Alexander Hawke and Deputy Leader of the Opposition Ted O'Brien react to an answer in Question Time in Canberra, Australia, on Oct. 9, 2025. Hilary Wardhaugh/Getty Images

Shadow Treasurer Ted O'Brien has described Treasurer Jim Chalmers’ backflip on taxing unrealised capital gains under his superannuation reforms as a “victory” for hard-working Australians.

“I think this is a victory for those everyday Australians who were otherwise going to be taxed unfairly by the government. It is, first and foremost, a victory for them,” O'Brien said on ABC Radio National.