A forward looking statement. It's May 2013 and the Labor government announces earnings on super funds in transition and pension mode will now be taxed at 15%. Legislation take's time to implement so hundreds of thousands of funds all decide to go to the beach at the same time and crystalize their tax free profits as responsible and astute trustees would. Substantial tax free capital gains are locked in but at declining share prices with the tidal wave of selling. May is going to be very interesting !
