Oliver Peterson: Australian correspondent on the Australian Government backing down on superannuation tax plan - Heather du Plessis-Allan Drive

The Australian Government has backed down on its controversial superannuation tax plan, following long-running criticism from key industries.

Treasurer Jim Chalmers announced the surprise decision today, one week after Prime Minister Albanese claimed the plan was going to remain unchanged. 

Australian correspondent Oliver Peterson says these changes have been met with support from Australians.

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