Treasurer Joe Hockey's Media Release on 'Restoring integrity in the Australian tax system', including the decision not to tax superannuation pension earnings above $100,000, is here.
Tax on Superannuation Pensions – tax on earnings on super assets supporting retirement income streams (Announced in April 2013 and documented in the 2013-14 Budget)
The Coalition Government will not proceed with Labor's announcement which would have taxed people's superannuation pension earnings above $100,000 in the draw-down phase.
The complexity and compliance costs associated with this initiative are extreme and essentially undeliverable.
This is a demonstration of the Government's commitment to provide certainty for superannuation fund members by making no adverse unexpected changes to superannuation during our first term.
http://jbh.ministers.treasury.gov.au/media-release/017-2013/