Live: Chalmers stands firm on super reforms despite Coalition pushback

Treasurer Jim Chalmers will need to look to the Greens to help pass his superannuation reforms as the Coalition says it won't negotiate on a key part of the proposal. Follow live.

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Any hope of a deal between the Coalition and the government on its superannuation reforms look dead in the water after Treasurer Jim Chalmers accused the opposition of not being "fair dinkum" in negotiations.

But speaking with ABC News Breakfast, Shadow Treasurer Ted O'Brien pointed the finger back at Labor.

"Well, I have already outlined our concerns and the treasurer is saying he's proceeding anyway and he's running to the warm embrace of the Greens in the hope of just jacking up taxes," he said. 

"So we're clear with our principles. Lower taxes, simpler taxes, fairer taxes, and so that's where we stand on it. And clearly what the treasurer is saying is he's not interested in lower taxes, simpler or fairer ones, and that's for him to make that decision.

"If he wants to hurt Australians with higher taxes at this stage, well, that's on him."

Liberal elder told to 'read the room' after 'shocking' reverse quota remark

By Courtney Gould

Nationals frontbencher Bridget McKenzie has joined the chorus of condemnation of ex-Victorian treasurer Alan Stockdale after he said women in the party had become "so assertive" the party might have to introduce "reverse quotas" for men.

The remarks, reported by The Daily Telegraph, were said in a meeting of the NSW Liberal Women's Council on Tuesday. Stockdale has since told the paper the remark was "poorly chosen" and he "intended no disrespect".

"Honestly, Alan, read the room. I hope women are assertive as they represent their communities," McKenzie told Nine's Today Show.

"It was a shocking comment. I think it's time for Alan to head back to the Melbourne club, have a stiff whisky and chat with the old boys about what went wrong."

"I mean, we've had thousands of years of men running the show. We've finally got a foot in the door. We're coming for you. And it's not bad thing, right?"

Steggall hits out at Labor's 'ironic' tax push

By Courtney Gould

Zali Steggall says the government must be more ambitious when it comes to taxing oil and gas profits after the ABC revealed a reworked levy was expected to raise $4 billion less than expected.

The independent MP says it's ironic the government won't touch the  Petroleum Resource Rent Tax (PRRT) but is happy to hit hardworking Australians who have "done well" with its proposed superannuation tax changes.

"The government is really focused on hitting hardworking Australians who have done well from a system of taxing individual effort, rather than look at systemic revenue that could be gained from the resources and the super profits from gas," she said.

"I'm really dissatisfied with the approach the government's taking. They talk about fiscal repair … for our budget, but they're not prepared to look at those sectors that are returning super profits."

The super reforms, if passed, would double the tax rate for balances over $3m to 30 per cent. A main objection to the proposal is the plan to tax unrealised capital gains and it not being indexed.

Stegall says there is an argument for looking at increasing tax on high superannuation balances but taxing unrealised capital gains will have "a lot of unintended consequences".

???? Good morning

By Courtney Gould

Hi friends. How are you this fine Thursday morning? I hope well. Anyway, welcome to another day on the ABC's federal politics live blog.

Courtney Gould  logging in from Parliament House in Canberra to bring you all the latest.

Let's jump straight into it.

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