From www.accountantsdaily.com.au: CA ANZ is urging the government to abolish the Superannuation (Better Targeted Superannuation Concessions) Bill 2023 due to significant design flaws, including the lack of indexation on the $3 million asset cap and the taxation of unrealised capital gains.

CEO Ainslie van Onselen expressed concerns that the proposed tax would be costly to administer and generate minimal net revenue.

CA ANZ is advocating for broader tax reforms, support for small businesses, and policies that ensure Australians can achieve a dignified retirement.