Katter: Labor’s super tax to rip the guts out of middle Australia
May 16, 2025
Federal Member for Kennedy Bob Katter has unleashed a blistering attack on the Chalmers short-sighted tax grab on superannuation that will "rip the guts out of middle Australia" and fundamentally change our attitude to placing our savings in super to fund our retirement.
Mr Katter echoed sentiments of many in the financial and agricultural sectors that are calling the plan, to impose steep taxes on unrealised capital gains in super accounts, ludicrous.
"Unrealised capital gains" are not an income or tangible money – rather, these gains are "theoretical, paper money". The asset must be sold before the gain is made.
"This policy will have a catastrophic effect on anyone that has a farm, house or similar asset that is held by a super fund. If the market value increases, you will get a huge tax bill and, unless you have significant savings elsewhere, you will have to sell the asset to pay this crushing tax bill," Mr Katter explained.
"Land appreciation doesn't mean you're rich in cash," he said. "It means your rates go up, your insurance goes up, and now, thanks to this lunacy, your tax goes up too. And for what? For a so-called 'equity measure' that punishes the people who actually invest in this country."
Investing in capital appreciating assets is a way the government has encouraged people to set themselves up to protect their future, and now the government is moving the goalposts.
"This isn't going to hurt the big corporates. This isn't going to hurt the mega-rich. This is going to break the back of middle Australia."
"You keep putting weight on the camel, eventually you'll break the camel's back," Mr Katter said.
"We had 276,000 farmers. Then Mr Keating started his deregulation dirty work, and the National Party carried it on. Now we have about 80,000 farmers. Well, you blokes won't stop until we have none."
"This story will be repeated for family run businesses and family owned housing investments."
Mr Katter is calling for the government to immediately withdraw the policy, warning that failure to do so will accelerate the decline of the nation's farming and small business backbone, and force more Australians off the land, out of business and onto the dole queue.
"If the government really wanted to do something helpful for Australians, it should legislate to require a large portion of super investment in Australian manufacturing, infrastructure, agriculture, mining and other economy-generating projects, not create short-sighted, tax-grabbing policies that will drive investment overseas."
ENDS
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One of my two closest friends in Parliament, Vince Patrick Lester OAM (1939-2026) was the classical underdog in every sense of the word. Brought up by his struggling mother, the bell boy and a baker’s apprentice with no secondary education was the kid born with nothing. Vince was an extraordinary MP consistently delivering for his electorate – whether it be the Great Inland Highway or a local community centre. Every Australian should be inspired by Vince Lester – Always polite, never arrogant. Always fighting for the little people. May God’s blessings be upon Vince – a good bloke. Bob and Vince Lester pictured with the 8th Bjelke-Petersen Cabinet.
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Is government seriously that tone deaf that it would permit the sale of 22,000 hectares of prime agricultural land to foreign investors????? UNFORTUNATELY .. the answer is YES . Our government has allowed the sale of a huge “Rushy Lagoon” property in Tasmania. THIS PROPERTY is roughly one-and-a-half times the size of Washington, D.C. (17,700 ha), and would fit roughly 30,800 international soccer pitches. THIS PROPERTY at capacity runs 85,000 DSE dairy and beef cattle. THIS PROPERTY employs hundreds of locals and supports the entire economy of the towns throughout the region. THIS PROPERTY is key to the sustainability and self-sufficiency of Australia’s domestic beef and milk markets. The INTERNATIONAL PURCHASERS want to turn it all into a “pine farm” - sacking staff and destroying the local economy, but also depriving Australia of the agricultural and wealth generation that comes with such a large agricultural enterprise. Ignoring the pleas from locals, government has rubber stamped the sale. AUSTRALIA WE MUST WAKE UP!!!! WE MUST FIGHT AGAINST FOREIGN LANDLORDS!!!! IT MIGHT NOT BE HAPPENING IN YOUR BACKYARD NOW…. BUT IT WILL BE SOON!!! AUSTRALIA IS NOT… AND SHOULD NEVER BE… FOR SALE!!!!
8 July 2026: North Queensland Member for Kennedy Bob Katter has demanded the Federal Agriculture Minister make public the “deeply concerning” findings of Government investigations into imported peanuts for Australian farmers “who every right to know whether their industry has been exposed to a biosecurity threat”. After meeting with the Federal Minister in Canberra last week, Mr Katter has formally requested in writing the Department of Agriculture’s full transparency on the results of investigations, alongside an immediate halt to peanut imports where Australia's biosecurity cannot be guaranteed. "Australia has strict biosecurity rules for a reason. They exist to stop dangerous pests and diseases getting into this country before they destroy Australian agriculture," said Mr Katter. "However, having been advised by the Minister last week of intensive investigations into imported peanuts – including the germination testing of particular significance – my office has now received evidence confirming germination of the samples collected for laboratory testing… which raises very serious questions because if peanuts can germinate, they are raw.” Mr Katter said the results indicating germination in all peanut varieties tested had raised fears imported peanuts are not undergoing necessary processing to eliminate raw biosecurity threats. "The Australian peanut industry is rightly worried about diseases that simply do not exist here – such as the devastating peanut smut in overseas crops which, once established, slashes yields by up to 75 per cent. Once these diseases are in Australian soil, there’s no magic wand to get rid of them." Mr Katter said reports the imported raw peanuts were being offered for sale nationwide reflected the extent of the potential national biosecurity risk “that we've seen again and again and again... We warned governments not to allow imported prawns because white spot disease would get in. We were ignored, and white spot came in. We warned about citrus canker. We warned about black sigatoka. We warned about papaya fruit fly. We warned about Panama disease. “If you believe governments have the best interest of Australian farmers at heart, then you believe in the tooth fairy – while they continue to gamble with Australia's biosecurity and food security to look after their precious ‘free’ trade agreements.” Mr Katter said where there was genuine uncertainty about whether imported peanuts complied with Australia's biosecurity requirements, “they should not be coming into this country until that uncertainty is resolved. You don't wait until the disease arrives, before you lock the gate." ENDS
KAP Federal Member for Kennedy Bob Katter has welcomed the completion of the sale of Phosphate Hill, celebrating it as a major win for North West Queensland workers, industry and the future of Australian fertiliser production. Mr Katter said the announcement represented the culmination of years of relentless campaigning to keep one of Australia's most strategically important industrial assets operating. "This is wonderful news for North West Queensland," Mr Katter said. "For years we've been bashing the doors down, that if Australia wanted to keep industry alive, governments had to step in and secure a future for assets like Phosphate Hill." Mr Katter said the federal government’s Reserve Resource Policy had been instrumental in helping create the conditions for the sale. "Getting a Reserve Resource Policy in place has been one of the major achievements of my political life. We fought tooth and nail because Australia should never be paying world-leading prices for our own gas. "Our competitors in countries like the United States and Russia have access to affordable energy, while Australian manufacturers have been paying more than $16 a unit for gas.” Mr Katter said affordable gas was fundamental to the survival of the North West's industrial base. "Everything at Phosphate Hill depends on gas. It powers the plant and drives the chemical processes that turn our natural resources into the fertiliser. "Only a year or so ago we were staring down the barrel of losing one of Australia's biggest industrial centres, with the closure of copper and phosphate production threatening thousands of livelihoods across the North West. "This is an enormous relief for the workers, contractors, families and communities who never gave up. "I particularly want to thank the people of North West Queensland who stood together and fought for this outcome. They refused to accept that these jobs should disappear, and today their determination has been rewarded." Mr Katter said the focus must now be on ensuring Phosphate Hill has the affordable energy certainty needed to remain strong operation for decades to come. -ENDS-
Parliament is back and so is the fight for Australia's future. This week, Bob and Elise sit down in Canberra to tackle one of the country's most contentious issues: immigration. Was the Bondi tragedy a warning sign? Bob argues it exposed much deeper problems, and that Australia's political class has abandoned its duty to protect the nation. Plus, inside Bob's $300 billion plan to transform Australia from a country that spends money into one that makes it. Listen now!
