@Sailor FNQ; roughly one third of alal Australian businesses pay $NO $Tax on their eanrings in Australia - many wealthy people oeprate as 'a business', NOT as an income earner.
One hundred of Australia's wealthiest people have just been exposed by the ATO as having paid $NO $Tax on incomes exceeding $1 Million each year - wealthy people do NOT need superannuation, its purpose is to enable Aussie Battlers to be less dependent on taxpayer support in their twilight years, NOT as a mechanism for Australia's wealthiest people to minimise tax.
"... This group of non-taxpaying high-earners claimed deductions of $201,000 on average for managing their tax affairs. ..."
https://www.abc.net.au/news/2024-06-17/millionaires-paid-no-tax-and-richest-and-poorest-postcodes-ato/103987158
