Sam Emery: Australian correspondent on the Government's new tax changes set to impact super

The Australian Government is set to make some tax changes - and it's got people worried about the future.

Labor is looking to double the levy for to 30 percent for people with at least $3 million in their superannuation, with experts claiming at least 80,000 Australians will be impacted.

Australian correspondent Sam Emery says there's plenty of vocal opposition to these changes.

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Episode Transcript

Speaker 1 (00:00):
Sam Imriosi correspondence with US Now Sam, Hello, good a, Heather, Sam.
Where are we at with this major rescue operation? Well,
there's certainly plenty of cars still stuck there, but it's
actually moved into a rescue operation to try and find
two hikers that are stuck in freezing conditions in Victoria's
Alpine region. The two hikers are apparently on a walking

(00:22):
track southwest of Mount Hotham. That's where the emergency services
are responding after fifty centimeters dump of snow, which is
something that we're certainly not used to here in Australia
over a long weekend and the condition of the missing
pair on the walking track is unknown at this stage,
but we know that emergency services are also using specialized

(00:44):
vehicles to try and continue rescuing people who are trapped
in their cars on the remote snow laden roads at
Mount Hotham. Heather thirteen were rescued over the weekend on
the first day. Six have now spent two nights in.
What they're saying is about mind is four degrees and
you know police are obviously urging them to people to

(01:06):
sort of pay close attention to the weather warnings and
monitor the conditions. I think Ozzie's Heather are just a
bit used to sort of jump in the car and
going wherever they like. But these days, with the floods
and all these sorts of things happening, we probably need
to get a bit better at preparing before we just
jump in and head off on these big trips. Yeah,
I'll tell you what. Listen, what's going to happen to

(01:27):
your super Yeah? Well, this is Labour's plan to try
and double it double the levee to thirty percent, but
it's on people with three million dollars or more in
their superinnuation and they're saying it's only going to affect
about eighty thousand Australians. The Greens are calling to lower
the threshold to two million, but with indexation. Don't ask

(01:48):
me too much on the economics, Heather. I won't be
able to tell you the final detail of it all.
But there's obviously plenty of loud opposition. But you know
this is people who have two or three million. To
give you a bit of an idea, they're saying something
tanks to saying that people who leave school this year
will probably never have three million dollars in their accounts.
So it's rather depressing fact, but it's also you know,

(02:11):
what labor is trying to do obviously is get a
little bit more cream off the top and we'll see
if they can actually get it through. Hey, were you
a project viewer? I definitely was when it was the
seven PM Project. I remember everyone sort of wondering what
kind of show this was going to be like and
how could they possibly you know, fit a full current

(02:33):
affairs program in half an hour? And what was this
program that was news but it was funny? Was it comedy?
But Heather, as you might have heard, it's sort of
been in weeks of speculation really, but Channel ten finally
confirming that the long running Current Affairs show has been axed.
What do you think? Why is it that you stopped watching? Like?

(02:56):
Why is it that people used to watch it and
don't watch it anymore? I think for me probably it
was definitely aimed at trying to get a younger generation
into the news and talking about the news, and it
was shorter, sharper and obviously bringing the comedy. And I
think I sort of grew out of it, you know,
being over forty now, and did it get Yeah? I

(03:21):
think you just sort of yeah, you want a bit
more in depth inside, and interestingly, you know that's what
they're going to replace it with. Heather. They've apparently been
secretly working on this new in house investigative program that
they're calling the working title The Australian says is Behind
the Lines. And you might know Danim Hitchcock. He's a

(03:42):
reporter over here. He's been on seventh Spotlight program. Apparently
he's been drafted in to host that. So to me,
it kind of makes sense that you know that they
would go into something like this. I think people are
craving better investigative news. But interestingly, I guess that means
that they're thinking their audience has moved into the older
side of things rather than trying to get the younger

(04:03):
ones in. Yeah, that's a fair point. Actually a very
interesting Sam. I appreciate it. Thanks so much, mate, Sam Memory,
Australia correspondent. For more from Hither Duplessy Allen Drive, listen
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