Angus Taylor has the next non-government question:

Prior to the last election, the Prime Minister ruled out any changes to the superannuation. Why is the Treasurer persisting for the first time in our history to tax unrealised capital gains on superannuation assets?

Jim Chalmers:

It’s becoming clearer and clearer to us that they had a very different Question Time pack in mind for today and so they’ve gone back to the reserve pack and all of the old chestnuts, Mr Speaker, all of the questions that we’ve answered before in this place and outside this place as well.

Which I’m happy to repeat for him, Mr Speaker. What we are proposing to do is for people with balances more than $3 million in superannuation to make a very modest change to turn very concessional tax arrangements into concessional tax arrangements for people with the biggest balances, Mr Speaker. And we announced this policy more than two years ago, Mr Speaker.

Chalmers goes on taunting Taylor, but it has to be said, if everyone is so worried about farmers who have put their farms into their superannuation, then maybe don’t put your farm into your superannuation in order to pay less tax?

And as Greg Jericho has just reminded me, According to the ATO, in 2020-21, 178 Australians under 30 years of age had more than $2m in their super – but also had a taxable income of less than $18,200.”

So somehow, 178 Australians under 30 (at that time) had managed to put at least $2m, despite earning less (for tax purposes) less than minimum wage.

Make it make sense.