Australias UNINDEXED Unrealized Capital Gains Tax Is CRIMINAL

The controversial superannuation tax will double the existing tax rate from 15 to 30 per cent for earnings on super balances above $3 million, including unrealised capital gains. The changes are scheduled to come into effect on July 1, following the passing of legislation.

Unrealized capital gain refers to the amount by which an asset has increased in value within the financial year but has not been crystalized or realised.
The tax, known as division 296, whacks another 15 per cent on earnings and unrealised capital gains in addition to the existing tax of 15 per cent.
 
This is unindexed to inflation
Even worse the brain dead dick heads at the communist green party want to lower the threshold to 2 million.

More here-

https://wilsonassetmanagement.com.au/election-2025-millions-could-be-affected-by-labors-unrealised-capital-gains-tax/

https://au.finance.yahoo.com/news/3-million-superannuation-tax-change-sparks-property-warning-as-panic-selling-begins-233645120.html