From www.ifa.com.au: Labor’s insistence on including unrealised capital gains in the $3 million super tax is facing criticism, with critics arguing that it could lead to substantial funds being withdrawn from the superannuation system.

Some industry experts believe that the proposed legislation is aimed at disincentivising large super balances that are not serving their intended retirement purpose.

The government’s position highlights the need for revenue generation to support essential programs, despite the potential negative impact on superannuation investments.