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Labor seeks superannuation talks

AAP logoAAP 22/08/2016 Paul Osborne, AAP Senior Political Writer

Labor has urged the government to stop flying kites on changes to superannuation and bring forward draft laws.

The government plans to limit lifetime non-concessional superannuation contributions to $500,000 and cap at $1.6 million the amount someone can transfer into a tax-free retirement account, but Treasurer Scott Morrison is facing pressure from coalition MPs not to be so heavy-handed.

"We've got a treasurer racing around trying to make compromises ... (but) in the interests of good superannuation reform the government needs to bring forward the package of legislation and talk to the Labor party about it," shadow financial services spokeswoman Katy Gallagher told reporters in Canberra on Monday.

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