Janti - if you can pull it out his year it says you are 60 - welcome to the club, and don't forget your cheap transport options in most states!
Of course you have the legal right to pull it out in the future, unless they introduce retrospective legislation. I guess they could pass a budget that mandated withdraws after midnight would be limited, but with on-line banking one could just transfer cash holdings out of the country at a stroke. It is further possible that withdraws are limited as at the beginning of the speech, but that would be unprecedented in the Super area, unless the rules are being relaxed.
I can accept that in a Greece type scenario all options are possible, but in current day Aus, it would be most unlikely, particularly for a conservative government.
The AFR ran a story today, where they believe the limits will be around life time limits to non-concessional contributions. Although I've taken advantage of this in the past and will again this year, I can understand the logic to a cap. I really have no need to pump up to $1m into my super fund, and anything I dump in would be due to the tax status of a pension fund.
However, I take your point that in relation to children where there may be a 30/50 years time window, and could be many changes. A very valid point, but may not be too different to them having their own super fund?
