Sobering Thought

Reading the media, it looks as if the Govt is looking to bring in an Unrealised Capital Gains Tax in Superannuation Funds.
Given all shareholders are under water in PEX at 6.2c a share.

The discussion centres around this tax coming in JULY.

So if PEX is valued by the market on July 1 2025 at 6.2c, and somehow magically is valued on 1 July 2026 at .26.2c .
You will have a Capital Gain of 20c per share. Even though you are still holding and have not sold your shares, you will be liable for the Unrealised Capital Gains Tax.

You will have to pay up.

It does not matter if you bought your shares at a much higher price and you are still under water.

The effect of this Unrealised Capital Gains Tax is going to be catastrophic to all share holders in SMSF's.
This is not just shares, but all assets in Superannuation.

Lets take it one step further.
July 2027 PEX is back to 6.2c, no refund on the tax you paid in July 2026.
July 2028 PEX is back to 26.2c, Guess what, you get slugged for another Unrealised Capital Gain.

Pay up again.

For SMSF this is seriously scary SH!T