You all must remember that the $3m cap (Div 296 tax) is only...

You all must remember that the $3m cap (Div 296 tax) is only taxing the proportion of earning above $3m based on a persons total super balance at the start and end of year- including some adjustments including adding back withdrawals pensions / lump sums) and taking away contributions. A very quick and easy example is lets say a person had a total super balance of $4m at 30/06/2025 and then it grew to $6m at 30/06/2026 there is a 15% tax levied at the indivdual level of $150k. This is calculated per below:
Earnings during year are $2m ($6m-$4m) you then look at what proption of those earnings was attributtable to the balance above $3m ($6m - $3m / $6m)= 50%. Therefore of the $2m in earnings 50% are attributable to that above $3m therefore $1m is subject to 15% tax at the indivdual level.
The above is not financial advice.
Now- lets get back on topic.