MAP slams super changes
The newly-formed Mature Australia Party is the latest to cry foul at the Coalition's crackdown on superannuation tax concessions.
The measures include limiting the tax-free status of retirement accounts over $1.6 million and changing transition-to-retirement arrangements.
Leading accounting body CPA Australia believes up to 30 per cent of its clients would be worse off, and there are reports of growing disquiet amongst the Liberal Party faithful after Malcolm Turnbull vowed to push on with the changes.
"It is absolutely iron clad," Mr Turnbull told radio FIVEaa in Adelaide on Friday.
Mature Australia Party's Tasmanian Senate candidate, Hobart-based Richard Temby, says it's a bad move.
"It's dealing with the future of a whole lot of people, and if their security is being hit, it's not a particularly smart thing," he said.
"Apart from which, he's not really showing great care or respect to the people concerned in the way that he's doing it."
The aspiring Senator says he'd use his influence in the Upper House to overturn the measure, if necessary.
"I'd be working very hard to make sure that savings are well and truly protected."