Why you need to care about new super tax + Aussie drug arrest in Bali

Afternoon headlines: Australian man arrested in Bali over allegedly trying to smuggle cocaine into Indonesia, Australia’s second largest private health hospital group has fallen into receivership and machete ban rolling out across Victoria with thousands in fines on the table.

Deep Dive: It’s being called the “rich tax” on $3 million super balances, but some experts are arguing young Australians could be hit the hardest.

The super tax would also apply to so-called “unrealised gains” which is the growth in the value of an asset or investment that hasn’t been cashed in yet.

In this episode of The Briefing Natarsha Belling is joined by finance expert Scott Philips who says the new tax sets a dangerous precedent that could affect all of us.

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