Hello 1st prize. I agree that any growth on a pension phase is exempt from having to be moved out to accumulation. I still think the unrealised capital gains is unfair. I know a businessman who has owned a manufacturing company for 40+ years. He has 3 factories, held in his smsf, valued at about $15m. If the valuation increases by say 7%, his unrealised capital gain will be over $1m and therefore subject to tax. He lives off the rental income (plus income from other assets) but not enough to cover the tax. He is however restructuring his assets outside of super, which is probably the aim of the government. Having said all that, I do agree with the sentiment that anyone with excess of $3m should not be complaining.
