Concerns that family farms could endure a forced sale due to superannuation changes escalated during Federal Parliament question time this week when Agriculture and Small Business Minister Julie Collins confirmed some of the industry's worst fears.Ms Collins was commenting on Labor’s proposed changes to superannuation where there would be a tax on super balances above $3 million.When asked whether the changes would result in a tax bill on unrealised gains even in years with zero or negative income, the Minister confirmed owners would have to find the cash – potentially forcing the sale of family farms . . .
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