From financialnewswire.com.au: The introduction of a $3 million superannuation tax concession cap and taxation on unrealised capital gains is shifting investments towards exchange-traded funds.

The policy may inadvertently impact many Australians, including those in their 30s and 40s and smaller fund members, due to the cumulative tax burden.

The taxation of unrealised gains could set a precedent for capital gains taxes on other assets, potentially forcing individuals to sell investments to avoid taxes on hypothetical profits.