Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

Those opposite—let's just be clear—the government accepts that you don't support lowering the concessional tax rate for those with balances higher than $3 million in their superannuation account. I would say to you that the average super balance is in the order of $270,000 at retirement age. The average working Australian retires with about $270,000.